Parliament has formally ratified license extensions for Kosmos Energy Ghana, allowing the West Cape Three Points and Deepwater Tano Petroleum Agreements to run through 2040.The decision secures the long-term future of the Jubilee and TEN offshore fields and is expected to unlock up to $2 billion in incremental investment aimed at boosting oil production and...
Category: Energy
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NPA, Industry Players Discuss Strategy for 24-Hour Economy Pilot Implementation
The National Petroleum Authority (NPA) has held a strategic meeting with the 24-Hour Economy Authority to deliberate on the pilot implementation of the 24-hour economy programme within Ghana’s downstream petroleum industry. The meeting, held on Thursday, 19 February 2026, was chaired by the NPA Chief Executive, Mr. Godwin Kudzo Tameklo, Esq. The NPA team included...
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PHDC, GNPC Form New Alliance to Strengthen Ghana’s Energy Security
Ghana’s ambition of strengthening its energy security and becoming Africa’s energy hub has received a major boost following the announcement of a partnership between two key institutions: the Petroleum Hub Development Corporation and the Ghana National Petroleum Corporation. On Thursday, February 19, 2026, the two institutions unveiled a ten-member working committee, which will be co-chaired...
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NPA to Fully Deploy Cylinder Recirculation Model in 2026
The National Petroleum Authority (NPA) is set to fully roll out Ghana’s Cylinder Recirculation Model (CRM) in 2026, following board approval of a key cylinder investment margin to support bottling plants nationwideThe Director of Business Development at the NPA, Godwin Yaw Konu, disclosed this at the Africa Extractives Media Fellowship training session in Accra on...
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Tinubu Signs Executive Order Mandating Direct Remittance of Oil, Gas Revenues to Federation Account
Nigeria’s President Bola Tinubu has signed a sweeping Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, in a move aimed at boosting government earnings, eliminating revenue leakages and restructuring key financial provisions under the Petroleum Industry Act (PIA).The directive, issued pursuant to Section 5 of the 1999 Constitution...
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Ghana Gas CEO Joins Sentuo Group to Celebrate Chinese New Year, Strengthening Energy Ties
The Chief Executive Officer of Ghana National Gas Limited Company (Ghana Gas), Ms. Judith Adjobah Blay, joined the Sentuo Group to mark this year’s Chinese New Year, also known as the Spring Festival, at the premises of Sentuo Oil Refinery Company.The celebration brought together industry leaders and key stakeholders, highlighting the spirit of unity, renewal...
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GNPC Reaffirms Commitment to Safe, Transparent Saltpond Decommissioning Process
The Ghana National Petroleum Corporation (GNPC) has moved to reinforce public confidence in its Saltpond Decommissioning Project, reaffirming its commitment to regulatory compliance, environmental stewardship and sustained community engagement. At a high-level meeting held at Petroleum House with traditional authorities from the Nkusukum Traditional Area, GNPC management sought to clarify the status of ongoing works...
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PIAC Chairman Urges Stronger Safeguards and Transparency in Ghana Heritage Fund Debate
The Chairman of the Public Interest and Accountability Committee (PIAC), Richard Ellimah, has called for stronger safeguards, broader stakeholder engagement and enhanced transparency as debate intensifies over government plans for Ghana Heritage Fund access. Speaking at a Technical Roundtable on proposed amendments to the petroleum revenue management framework, Mr. Ellimah emphasised that decisions surrounding the...
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Beyond the Pump: The Hidden Financial Forces Shaping Ghana’s Downstream Petroleum Market
Ghana’s downstream petroleum sector often appears simple from a distance. The assumption is straightforward: import refined fuel, set prices and sell at the pump.In reality, however, the Ghana downstream petroleum sector is shaped by far more complex forces that determine who thrives, who struggles and who quietly exits the market.Beneath the visible competition of fuel...
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PHDC: Petroleum Hub Lot One to Create Over 30,000 Jobs for Ghanaians
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Toni Aubynn, has announced that Lot One of the Petroleum Hub project is expected to generate employment for more than 30,000 Ghanaians.Speaking in an interview, Dr Aubynn revealed that significant job opportunities will emerge during both the construction phase and the early operational stages...