In February 2026, Kosmos Energy reported that Ghana’s parliament ratified license extensions for the West Cape Three Points and Deepwater Tano petroleum agreements to 2040, underpinning up to US$2.00 billion of additional investment, expanded drilling at the Jubilee field, and a cost-saving FPSO acquisition at the TEN fields.
UK-based oil and gas company Tullow Oil has signed a sale and purchase agreement with TEN Ghana to acquire the Prof. John Evans Atta Mills FPSO for a gross consideration of $205 million.
Africa-focused independent oil and gas firm Tullow Oil has signed a sale and purchase agreement to acquire the floating production, storage and offloading (FPSO) vessel serving the TEN fields on the Deepwater Tano Block offshore Ghana, in a move aimed at reducing costs and improving long-term field economics.
Ghana has formally initiated international arbitration proceedings to resolve its longstanding maritime boundary dispute with neighbouring Togo, signaling a shift from diplomatic negotiations to legal adjudication under international law
Ghana’s Parliament on Thursday ratified a Memorandum of Understanding covering the West Cape Three Points (WCTP) and Deepwater Tano (DWT) blocks, extending the agreements to December 31, 2040, despite objections raised by the Minority.
Ghana’s Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, says the government will not proceed with the proposed merger of the Energy Commission and the Public Utilities Regulatory Commission (PURC) without broad consensus and proper engagement with all stakeholders.
Ghana’s petroleum revenues credited to the Petroleum Holding Fund (PHF) totaled $399.65 million in the second half of 2025. The figures were published on Monday, Feb. 2, in a semi-annual report covering the period from July 1 to Dec. 31, 2025, by the Bank of Ghana, the fund’s administrator.
The Government of Ghana has pledged its commitment to importing petroleum products from the Dangote Petroleum Refinery in Lagos, Nigeria.
Tetracore Gas Ghana Limited, a subsidiary of Nigeria-based Tetracore Energy Group Limited, has officially commissioned a US$15 million Compressed Natural Gas (CNG) facility in the Kpone Industrial Area of Ghana.
The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has described recent developments in Ghana’s energy sector as transformational, following the signing of major gas supply agreements aimed at boosting production, lowering prices and stabilising energy supply.