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...
Category: Energy
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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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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...
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LEC Unveils Major Power Expansion Plans, Targets 75% Electricity Access by 2030
Monrovia, Liberia The Managing Director of the Liberia Electricity Corporation, Mohammed M. Sherif, says Liberia is making significant progress in expanding access to electricity. The country has set an ambitious target of connecting 75 percent of households and businesses by 2030. Mr. Sherif stated this in an address during Liberia’s second Annual Diaspora Conference held...
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Ghana risks EU gas market access over methane emissions – Expert warns
Ghana could risk access to European gas export markets if it does not strengthen measures to control methane emissions and eliminate routine gas flaring, Dr Kwame Sarkodie, a petroleum engineering expert, has cautioned. He said evolving methane regulations in international markets, particularly the European Union, were creating new requirements for oil and gas-producing countries and...
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Ghana Urged To Rethink Debt-Funded Energy Transition
Ghana’s push towards a cleaner energy system could create new fiscal pressures if the country relies too heavily on borrowing to finance the transition, stakeholders have cautioned, calling instead for greater use of grants, private capital and financing structures that limit long-term debt exposure. The concern emerged at a national policy dialogue on Ghana’s renewable...
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LERC Renews JEP’s Electricity Distribution License in Nimba
The Liberia Electricity Regulatory Commission (LERC) has renewed Jungle Energy Power’s (JEP) Large Micro Utility Distribution License, authorizing the company to continue distributing electricity in Nimba County. The renewal ceremony brought together government officials, local authorities, community representatives, civil society organizations and other stakeholders, including representatives of LERC, the Ministry of Mines and Energy and...
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Liberia’s Electricity Access Hits 39 Percent
Monrovia Liberia’s electricity access rate has increased from 32 percent to 39 percent, according to the government, as the Liberia Electricity Corporation (LEC) moves to expand power connections to more counties and underserved communities. Deputy Information Minister for Press and Public Affairs Daniel Sanoe disclosed the figures during the Ministry of Information’s regular press briefing...