Also known as: Italian energy conglomerate Eni · Italian energy giant Eni
Italian energy company with a $1.5 billion commitment to Ghana's offshore oil and gas development under the Offshore Cape Three Points project.
Verbatim sentences from the source article.
Daily 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'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 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 →