Springfield Group, the energy conglomerated founded by Ghanaian energy mogul Kevin Okyere, is in talks to sell its interest in the West Cape Three Points Block 2 (WCTP2) to the state-owned Ghana National Petroleum Corporation. The discussions mark one of the most significant moves in Ghana’s upstream sector in recent years and could allow the...
Category: News
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Tullow Oil Maintains 2025 Spending, Cash Flow and Debt Guidance as Ghana Receivables Exceed $200m
Tullow Oil has maintained its capital expenditure and decommissioning spending guidance for 2025 at approximately US$185 million and US$20 million respectively, with the company projecting steady operational activity across its Ghana assets. The energy firm also upheld its free cash flow forecast of around US$300 million for 2025, based on a realised oil price of...
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Ghana Must Decide Whether It Backs Its Own”: INSTEPR’s Kwadwo Poku on the Kevin Okyere Saga
Ghana Must Decide Whether It Backs Its Own”: INSTEPR’s Kwadwo Poku on the Kevin Okyere SagaGhana’s turbulent upstream oil debate took a sharp turn this morning after Kwadwo Poku, Executive Director of the Institute for Energy Policies and Research (INSTEPR), delivered one of the strongest public defences yet of embattled Springfield founder Kevin Okyere. In...
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Government Denies Claims of Plans to Buy Springfield, Assures Public of Transparent Review Process
The Ministry of Energy has dismissed reports suggesting that the Government of Ghana intends to purchase Springfield Exploration and Production Limited, describing the claims as inaccurate and misleading.In a statement issued by the communication directorate, the Ministry clarified that at no point has government—explicitly or implicitly—indicated any intention to acquire Springfield. It stressed that the...
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Energy Minister Inaugurates Petroleum Hub Development Corporation Board
Energy Minister John Jinapor has inaugurated the new Board of the Petroleum Hub Development Corporation (PHDC), marking a significant step toward advancing government’s vision of establishing a fully integrated petroleum hub for Ghana and the West African sub-region.Speaking at the ceremony, the Minister underscored the strategic importance of the PHDC in strengthening Ghana’s energy ecosystem....
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PHDC Showcases Investment Prospects at UK-Ghana Chamber of Commerce Strategic ForumThe Petroleum Hub Development Corporation (PHDC) has outlined major investment
opportunities within Ghana’s ambitious Petroleum Hub project during a high-level engagement organised by the UK-Ghana Chamber of Commerce (UKGCC) in Accra.Addressing UKGCC executives and business leaders, Mr. George Asante, Business Development Manager at PHDC, delivered a comprehensive presentation on the project’s competitive incentive packages, regulatory advantages, and long-term economic potential. He emphasised that the Petroleum...
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NPA, 24-Hour Economy Secretariat Meet to Advance Night Economy Pilot in Osu
The National Petroleum Authority (NPA) has held a strategic meeting with key stakeholders and executives of the 24-Hour Economy Secretariat as preparations advance for the rollout of a Night Economy Pilot Project in the Osu enclave this December.The meeting, held on November 19, forms part of ongoing efforts to operationalise the government’s 24-Hour Economy Initiative...
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TCL, Ghana Air Conferences unveil new energy-efficient AC
TCL in partnership with Ghana Air Conferences has launched a new energy-efficient air conditioner. According to the company, the device is designed to ease pressure on household budgets while promoting cleaner, healthier, and more sustainable cooling solutions in Ghana. The collaboration between TCL and Ghana Air Conferences has produced an air conditioner that not only...
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Nigeria’s 2025 Licensing Round Signals Major Shift Toward Gas-Led Growth
Nigeria’s upcoming 2025 Licensing Round, scheduled to open on December 1, 2025, is being positioned as a pivotal moment in the country’s energy policy—one that moves beyond traditional oil exploration to embrace a gas-focused future.Unlike previous cycles that concentrated largely on oil-rich acreages, the 2025 round places strategic emphasis on gas-bearing blocks, reflecting Nigeria’s evolving...
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GOIL Unveils Ultra-Modern Service Station in Prestea
GOIL PLC has expanded its nationwide footprint with the opening of a new, modern service station at Prestea Ankobra in the Western Region.The new station, now the third in the vibrant mining town, has been designed as a full-service convenience hub. It features a well-equipped lube bay, tyre centre, pharmacy, and restaurant, offering customers a...