The Ghana Revenue Authority (GRA) has won an international arbitration case against Tullow Ghana Limited, with a tribunal upholding in full a tax assessment of US$393.09 million imposed on the oil producer. The dispute arose from the taxation of proceeds Tullow received under a business interruption insurance policy. The case was heard under the Arbitration...
Month: September 2026
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Peter Obi Makes U-Turn on Fuel Subsidy, Says Corruption Must Go Before Subsidy Returns
By Energy Crossroad Former Anambra State Governor and presidential candidate Peter Obi has stirred fresh debate over Nigeria’s fuel subsidy policy after appearing to indicate that subsidy could return if corruption within the system is eliminated. Speaking in a recent video, Obi identified corruption as a major problem affecting the country and argued that addressing...
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COPEC Projects 23% Diesel Price Jump in October as Global Oil Prices Rise
Ghanaian motorists and businesses could face a sharp increase in diesel prices in the first pricing window of October 2026, with the Chamber of Petroleum Consumers (COPEC) projecting a rise of 22.91%. The Chamber estimates that the mean price of diesel could increase from GH¢18.24 to GH¢22.42 per litre, reflecting rising international petroleum prices and...
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ACEP Demands Clarity Over GH¢2.05bn UPPF Balance
The Africa Centre for Energy Policy (ACEP) is demanding greater transparency over the finances of Ghana’s Uniform Petroleum Pricing Fund (UPPF) after an Auditor-General’s performance audit identified a GH¢2.05 billion gap between receipts and expenditure during the period under review. ACEP says the finding raises a broader policy question over how petroleum-pricing margins are determined,...
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GOIL to drill first oil well on October 22, 2026
Ghana Oil Company Limited (GOIL) is set to commence drilling its first oil well on October 22, 2026, as the company advances plans to enter Ghana’s upstream petroleum sector. Managing Director of GOIL, Edward Abambire Bawa, says preparations are at an advanced stage, with an operational simulation involving key partners and service providers scheduled ahead...
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Tullow Oil reports stronger first-half production, raises free cash flow outlook
Tullow Oil has reported stronger production and improved cash flow for the first half of 2026, supported by higher oil prices, improved operational performance and new wells in Ghana. The independent oil and gas producer said working-interest production rose to 43.7 thousand barrels of oil equivalent per day (kboepd) in the six months to June...
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Tullow books Noble drillship for Ghana campaign
Tullow Oil has awarded Noble Corporation a contract for the Noble Faye Kozack drillship for a drilling campaign offshore Ghana. The 2013-built drillship is expected to undertake up to 10 wells under the contract, with operations scheduled to begin in mid-2027 following the completion of its current work for Petrobras offshore Brazil. The Noble Faye...
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Kenya Court Halts Dangote’s $16 Billion Lamu Refinery Work
A Kenyan High Court has ordered construction to be paused on Aliko Dangote’s $16 billion oil refinery in the East African nation, after a group of locals filed a case opposing the project Aliko Dangote, the richest man in Africa, faces a fresh setback ahead of the opening of a Ksh.2 trillion oil refinery project...
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Russia, Ghana Discuss Energy Cooperation and Potential Nuclear Projects
MOSCOW — Russia and Ghana have discussed prospects for expanding bilateral cooperation in the energy sector, including potential projects in the nuclear industry, according to the Russian Ministry of Energy. Russian Energy Minister Sergei Tsivilev held a working meeting with Ghana’s Minister of Energy and Green Transition, John Abdulai Jinapor, where the two sides reviewed...
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Gas sector needs enabling law to drive investment – Dr. Ben Asante
By Kizito CUDJOE Ghana needs a dedicated Gas Act to provide the legal certainty required to attract investment and drive the next phase of development in its domestic gas industry, former Ghana Gas Chief Executive Officer (CEO) Dr. Ben Asante has said. Dr. Asante, now Paramount Chief of the Juansa Traditional Area, said the proposed...