Partners in the Offshore Cape Three Points (OCTP) project have committed US$1.5 billion to new investments in Ghana’s petroleum sector as government intensifies efforts to reverse declining production and attract fresh capital. President John Dramani Mahama disclosed the commitment at the 2026 Local Content Conference and Exhibition organised by the Petroleum Commission in Takoradi on […]
The Ghana National Petroleum Corporation (GNPC) is preparing to drill its first exploration well in the Voltaian Basin by the end of 2026, as it advances efforts to assess the area’s hydrocarbon potential. Chief Executive Officer of GNPC, Kwame Ntow Amoah, said years of geological and geophysical studies had brought the project to the drilling […]
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has announced that Ghana is expected to sign at least six new petroleum agreements with international oil companies by the first quarter of 2027. This forms part of efforts to attract fresh investment and reverse the decline in the country’s oil production. He said […]
President John Mahama says Ghana is expected to save up to one billion dollars annually through the construction of its second gas processing facility, popularly known as GPP II. He says the facility, located at Anochi in the Western Region, is expected to reduce the country’s reliance on imported liquid fuels for power generation. Speaking […]
The Petroleum Commission is stepping up efforts to attract fresh investment into Ghana’s upstream petroleum sector, engaging international energy companies as it seeks to convert available petroleum acreage into new exploration and development opportunities. The latest engagement involved senior officials of Galp, an integrated energy company with interests in Ghana’s upstream petroleum industry. The delegation […]
Ghana’s upstream petroleum regulator, the Petroleum Commission, and Kosmos Energy Ghana on Thursday signed an agreement to facilitate the secondment of some commission engineers to Kosmos Energy’s facility in Houston, Texas. The initiative is part of the commission’s efforts to build a skilled and technically competent workforce capable of regulating and supporting Ghana’s upstream petroleum […]
The Parliamentary Select Committee on Energy has appealed to the Ministry of Finance to release GH¢5.6 million to the Petroleum Commission to enable it to establish and operate a world-class data centre. According to the Committee, access to the funds will strengthen the Commission’s capacity to manage critical upstream petroleum data and improve its operations. […]
The Acting Chief Executive Officer of the Petroleum Commission, Emeafa Hardcastle, says Ghana is preparing to drill its first onshore exploration well in the Voltaian Basin before the end of 2026. She says the Ghana National Petroleum Corporation (GNPC) and its exploration subsidiary, GNPC Explorco, are leading preparations to test the petroleum potential of the […]
The Petroleum Commission and Kosmos Energy Ghana have signed an agreement to facilitate the secondment of some engineers of the Commission to Kosmos Energy’s facility in Houston, Texas, in the United States. The initiative forms part of the Commission’s efforts to build a highly skilled and technically competent workforce to effectively regulate and support Ghana’s […]
Minister for Energy and Green Transition John Abdulai Jinapor has charged the Petroleum Commission to transform the focus of its next 15 years as Ghana seeks to maximise the benefits of its petroleum resources while preparing for the global energy transition.