The Government of Ghana has signed two Memoranda of Understanding (MoUs) with ENI Ghana, Vitol Upstream Tano Ltd (Vitol) and the Ghana National Petroleum Corporation (GNPC) covering offshore acreages GH WB 3 and GH WB 8 in the Tano Basin. The agreements, signed by the Minister for Energy and Green Transition, Dr John Abdulai Jinapor, […]
Ghana’s Energy and Green Transition Minister John Abdulai Jinapor has urged global oil and gas investors to support greater African ownership, local capacity and stable policy frameworks, saying the continent needs to capture more value from its hydrocarbon resources as the energy transition gathers pace.
Ghana must continue to improve its competitiveness to attract the capital needed to sustain production from existing oil fields, develop discovered resources and advance new exploration opportunities, the chief executive officer of the Ghana National Petroleum Corporation (GNPC), Kwame Ntow Amoah, has said.
Ghana’s $60 billion Petroleum Hub project offers attractive fiscal incentives to investors, including a 10-year tax-free period from the start of production, the chief executive of the Petroleum Hub Development Corporation (PHDC), Dr. Toni Aubynn, said.
Ghanaian Energy Minister John Abdulai Jinapor used his Africa Oil Week opening address to set out reforms to Ghana’s petroleum fiscal and regulatory regime, aimed at reviving upstream investment. The measures are now before Cabinet and, once approved, will be sent to Parliament, with the government targeting passage before the end of 2026, Jinapor said.
Italian oil major Eni plans to increase gas production from Ghana’s Sankofa Gye-Nyame field in the Offshore Cape Three Points (OCTP) area to about 350 million standard cubic feet per day (mmscf/d) by 2028, a senior company executive said on Wednesday.
Mahama administration and the Ministry of Energy and Green TransitionUS$3.5 billion in planned upstream investment Energy Ministry Technical Advisor, Dr. Yussif Sulemana, says the government expects crude production to increase by the end of 2026 as investment returns to some of Ghana’s major producing fields. “I can tell you on authority that coming by the end of […]
Oil majors Shell and Chevron have signed a non-binding agreement for the acquisition of production rights over Ghana’s South Deepwater Tano Cape Three Points oil and gas block, Ghana’s energy minister said. • The memorandum of understanding with Ghana National Petroleum Corporation, signed on Tuesday, comes as the West African country looks to encourage investment […]
Ghana is positioning itself at the centre of a new upstream investment cycle in West Africa, as the Ghana National Petroleum Corporation (Ghana National Petroleum Corporation) and AOW:Energy align on a shared ambition to accelerate exploration, deepen investor engagement, and unlock frontier petroleum opportunities ahead of AOW:Energy 2026 (1–3 September, Accra). In a series of strategic industry conversations, GNPC […]
Ghana’s Petroleum Commission says it has resolved all disputes with upstream oil operators active in the country. The agency also reports two separate investment commitments totaling $3.5 billion, earmarked for the Jubilee and TEN fields as well as the Offshore Cape Three Points (OCTP) block. Several producing countries are currently working to secure new upstream […]