… He said offshore developments led by partners including Tullow Oil, Kosmos Energy, Eni, Vitol and Ghana National Petroleum Corporation have transformed Ghana’s energy landscape over the past decade. …
… He said, following directives from President Mahama, the ministry worked closely with stakeholders, including GNPC, Tullow Ghana, Kosmos Energy, Eni, Vitol, Sentuo Oil Refinery, BOST, and regulators, to develop a roadmap that resulted in the successful delivery of Jubilee crude f …
… The largest payments included GH¢5.46 billion to settle outstanding gas invoices owed to Eni and Vitol for power generation, GH¢4.54 billion to pay legacy debts owed to Independent Power Producers, GH¢6.94 billion to restore the World Bank Partial Risk Guarantee and GH¢5.73 billi …
Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions in the Gulf of Mexico and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose to $101.51 a barrel and US WTI crude rose to $90.25, with the storm potentially affecting six refineries that account for about 50% of US national refining capacity.
Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions in the Gulf of Mexico and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose to $101.51 a barrel and US WTI crude rose to $90.25, with the storm potentially affecting six refineries that account for about 50% of US national refining capacity.
The Industrial and Commercial Workers' Union (ICU-Ghana) has demanded an immediate halt to negotiations for transferring a controlling stake in the Volta Aluminium Company Limited (VALCO) to a private investor, arguing that ceding 70% equity to a private investor would result in a significant transfer of ownership and control of the strategic national asset.
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.
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.
Venezuela's crumbling port terminals are capping crude exports at 1.25 million barrels per day despite higher production, with tankers facing up to 30-day delays due to ageing infrastructure, power outages, and quality issues. The infrastructure bottleneck is complicating U.S. efforts to quickly boost Venezuelan oil exports and creating disputes over demurrage costs.
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.
An explosion at a Gunvor petroleum storage tank in Rotterdam's port on Thursday killed one person and injured six others during maintenance work. Police found no immediate sign of sabotage and said all scenarios remained under investigation.
U.S. House Democrats are developing an investigative strategy targeting companies and financial firms surrounding President Trump, using hearings, subpoenas, and document requests rather than pursuing immediate impeachment. Democrats say this approach, informed by lessons from Trump's first term, aims to build evidence of whether Trump used his power to benefit himself, allies, or donors.
Eni Ghana has signed a Letter of Intent with the Italian Agency for Development Cooperation (AICS) to explore strategic partnerships aimed at advancing sustainable development initiatives in Ghana, with cooperation focusing on education, TVET, agriculture, water and sanitation, community health, nutrition, and economic diversification.
Eni Ghana has signed a Letter of Intent with the Italian Agency for Development Cooperation to advance sustainable development initiatives in Ghana, focusing on education, TVET, agriculture, WASH, community health, nutrition, and economic diversification in host communities.
Eni Ghana and the Italian Agency for Development Cooperation have signed a Letter of Intent to explore joint sustainable development initiatives in education, TVET, agriculture, water and sanitation, community health, nutrition, food security and economic diversification in communities where Eni operates. The non-binding agreement establishes a framework for future cooperation aligned with the UN Sustainable Development Goals.
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.
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.
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.