Also known as: Italian energy conglomerate Eni · Italian energy giant Eni · Italian energy company ENI
Italian energy company with upstream petroleum investments in Ghana, including a $1.5 billion agreement to boost production.
Verbatim sentences from the source article.
The Chronicle
… She cited Nkrumah’s relationship with the founder of Italian energy company ENI and his role in facilitating the establishment of Ghana’s first oil refinery as an example of his willingness to engage internationally. …
Samia to Ghanaians: Forgive Nkrumah’s familyJoy Online
Italian energy company ENI has praised the Minister for Energy and Green Transition, Dr. …
ENI commends Energy Minister John Jinapor, government for restoring investor confidenceJoy Online
… He said a US$500 million World Bank Partial Risk Guarantee covering payments to Italian energy company ENI and its partners for gas supplied from the Sankofa Field had been depleted before his government took office. …
TOR to refine Ghanaian crude oil from June 2026—MahamaDaily Guide
… He disclosed that the government had signed a $1.5 billion Memorandum of Understanding with Italian energy giant Eni, in addition to another $2 billion agreement with Jubilee Partners aimed at boosting petroleum production and strengthening the resilience of the energy sector. …
Energy Minister Predicts Petroleum Production RecoveryJoy Online
… The first is a $1.5 billion Memorandum of Understanding (MoU) signed with Italian energy conglomerate Eni. …
Gov’t targets petroleum upstream recovery after five years of consecutive declineGhana Investment Promotion Authority CEO Simon Madjie acknowledged talks about ExxonMobil returning to Ghana but declined to reveal specifics, referring further questions to the Minister of Energy and Petroleum Commission. He also noted that Chevron and Shell signed an MOU to explore work in the Eastern Keta Basin, and reported interest from Petrobras in Ghana's petroleum acreages.
20 hours ago · Joy Online →
Ghana Investment Promotion Authority CEO Simon Madjie acknowledged talks about ExxonMobil returning to Ghana but declined to reveal specifics, referring further questions to the Minister of Energy and Petroleum Commission. He also noted that Chevron and Shell signed an MOU to explore work in the Eastern Keta Basin, and reported interest from Petrobras in Ghana's petroleum acreages.
20 hours ago · Joy Online →
Shell and Chevron have signed a memorandum of understanding to explore opportunities in Ghana's Eastern Keta Basin, while Brazil's Petrobras has expressed interest in the country's oil acreage and blocks. The developments occur alongside investment announcements from existing operators, including $2 billion in planned Jubilee field drilling and a $1.5 billion announcement by ENI and its partners.
21 hours ago · Joy Online →
Jubilee and ENI partners have announced combined investments of $3.5 billion in Ghana's oil sector, comprising $2 billion for drilling 20 wells in the Jubilee field and $1.5 billion from ENI and its partners, according to Ghana Investment Promotion Authority CEO Simon Madjie. He also cited interest from Chevron and Shell, which signed a memorandum of understanding to explore work in the Eastern Keta Basin, and Petrobras' interest in Ghana's oil acreages.
21 hours ago · Joy Online →
President Mahama announced that Ghana intends to build a 1,200-megawatt state-owned gas-fired thermal power plant, with an agreement to be signed before the end of 2026. The facility would become Ghana's largest single power facility, exceeding the 1,020MW Akosombo Hydroelectric Power Station.
27 September 2026 · Joy Online →
Samia Yaaba Nkrumah, daughter of Ghana's first President, asked Ghanaians to forgive the Nkrumah family for staying away, attributing their prolonged absence to trauma from assassination attempts on their father and political upheavals that forced him from office. She said the family is now ready to reconnect with Ghana and contribute to the country's progress.
19 September 2026 · The Chronicle →
State-owned Ghana Gas plans to make a final investment decision by early next year on a $500 million, 278-kilometre West-East onshore pipeline project to transport gas from its processing plant in the west to industries in the southeast, CEO Judith Adjobah Blay said. The project aims to meet growing industrial demand and reduce reliance on the shared West African pipeline.
17 September 2026 · Joy Online →
Oil prices gained on Tuesday as renewed fighting between the U.S. and Iran in the Middle East raised fears of supply disruptions, with Brent crude up 0.6% to $91.05 a barrel and U.S. West Texas Intermediate up 1% to $86.59. The escalation, including President Trump's threat of further strikes following Sunday's direct attacks, has raised concerns about potential damage to energy infrastructure around the Gulf and shipping disruptions through the Strait of Hormuz.
1 September 2026 · Joy Online →
Ghana's upstream petroleum sector recorded 20% investment growth to $870m in 2025 from $725m in 2024, showing renewed investor confidence after six years of slow growth, and the sector generated $770m in government revenue despite declining production volumes.
26 August 2026 · Daily Guide →
Ghana's government has resolved outstanding disputes with oil and gas operators, creating a more predictable environment for investment. Partners in the Jubilee and TEN fields have committed US$2 billion to further development activities, expected to support increased oil production and boost gas output.
22 August 2026 · Joy Online →
Ghana's Energy Minister says fresh investment commitments of approximately US$2 billion from Jubilee and TEN field partners and US$1.5 billion from the Offshore Cape Three Points project demonstrate renewed confidence in the country's oil and gas industry.
18 August 2026 · Joy Online →
Ghana's crude oil output fell from 71.44 million barrels in 2019 to 37.3 million barrels in 2025, representing a compound annual average decline of about nine per cent. The industry debates whether the decline results from ageing oil fields reaching maturity or from underinvestment and slowing exploration, with petroleum revenues from 2011 to 2025 totalling US$11.97 billion according to PIAC.
7 August 2026 · The Ghanaian Times →
Claudio Descalzi, CEO of Italian state-controlled Eni, said the global oil market will break out of its roughly $80–$100 range by the first quarter of 2027 at the latest if the Middle East conflict continues, with potential inflationary and demand-reducing effects. He attributed the current price stability to strategic stockpile releases but warned that global reserves are finite, and urged countries to diversify energy supplies across North and sub-Saharan Africa, Latin America, and Southeast Asia.
12 July 2026 · Joy Online →
Italian energy company ENI has commended Energy Minister Dr. John Abdulai Jinapor and the Government of Ghana for restoring investor confidence through policies that created a stable and business-friendly environment for the upstream petroleum sector, and expressed interest in acquiring new oil and gas blocks.
10 July 2026 · Joy Online →
The Executive Secretary of PURC says revenue from a GH¢1 levy on petroleum products, accumulated through government intervention, has been used to settle arrears owed to independent power producers and gas suppliers, and to restore World Bank risk guarantees that had damaged Ghana's credit rating.
26 June 2026 · Joy Online →
The PURC Executive Secretary says Ghana spends an average of $92 million every month beyond electricity tariffs to keep power flowing, with the Ministry of Finance making substantial monthly interventions. About ¢8 billion from a ¢1 petroleum levy has been used to settle arrears owed to Independent Power Producers, restore risk guarantees on the Sankofa Gye Nyame gas project, and clear debts affecting Ghana's credit rating.
26 June 2026 · Joy Online →
Italy has unveiled its national pavilion at the West African Mining & Power Expo (WAMPEX), demonstrating its commitment to Ghana's development in the mining, energy, and industrial sectors. The participation aligns with Italy's Mattei Plan for Africa and builds on its historical contributions to Ghana, including the Akosombo Dam and energy collaborations.
12 June 2026 · Joy Online →
At the 2026 West Africa Gas Summit in Accra, officials and industry leaders said regional gas integration requires stronger commercial frameworks and private investment to lower energy costs and support industrialisation across West Africa. The West African Gas Pipeline, which transports gas from Nigeria to Ghana, Togo and Benin, demonstrates successful regional cooperation that could be expanded further.
12 June 2026 · Business & Financial Times →
Ghana has delivered its first cargo of locally produced Jubilee crude oil to the Sentuo Oil Refinery in Tema for processing, 15 years after the country's first crude oil production from the Jubilee Field in 2011. The initiative aims to increase Ghana's participation in the oil and gas value chain, strengthen energy independence, and reduce reliance on imported refined petroleum products.
9 June 2026 · The Ghanaian Times →
President Mahama announced that the Tema Oil Refinery will begin processing Ghanaian crude oil in June 2026, with a shipment from Ghana's offshore fields to be delivered for processing as part of efforts to increase local value addition and reduce dependence on imported refined petroleum products.
1 June 2026 · Joy Online →
The Finance Ministry reports that revenue from Ghana's consolidated Energy Sector Shortfall and Debt Repayment Levy totalled GH¢8.66 billion in 2025, falling short of GH¢22.67 billion in total energy sector obligations and requiring GH¢12.9 billion in government support despite an increase in the levy from 95 pesewas to GH¢1.95 per litre in June.
1 June 2026 · Joy Online →
Ghana's Energy Minister John Abdulai Jinapor has projected a recovery in the country's petroleum production this year following five consecutive years of decline, attributing the expected turnaround to new investments and ongoing sector reforms. The government has secured a $1.5 billion Memorandum of Understanding with Eni and a $2 billion agreement with Jubilee Partners to boost petroleum production and strengthen the energy sector.
25 May 2026 · Daily Guide →
The Ministry of Energy has forecast a rebound in crude oil production after five consecutive years of decline, backed by $3.5 billion in capital-intensive investments including a $1.5 billion agreement with Italian energy company Eni and a $2 billion development agreement with Jubilee Partners.
24 May 2026 · Joy Online →