Ghana’s dependence on liquid fuels for thermal electricity generation could be costing the economy hundreds of millions of dollars that could potentially be avoided through greater use of natural gas, according to Technical Advisor to the Minister of Energy and Green Transition on Petroleum, Ing. Dr Sulemana Yussif. Dr Sulemana estimates that moving generation from...
Category: Oil and Gas
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$3.5bn Investment Drive Set to Lift Ghana’s Oil Production – Energy Ministry Advisor
Ghana is expecting a rebound in crude oil production by the end of 2026, with about US$3.5 billion in fresh investment commitments being channelled into some of the country’s major producing fields. Technical Advisor to the Ministry of Energy and Green Transition, Dr Yussif Sulemana, says increased drilling and renewed investment by operators are already...
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Ghana Pitches Responsible Investment At AOW 2026
Ghana has used the opening of Africa Oil Week 2026 to reinforce its ambition to attract responsible investment into the petroleum sector while accelerating exploration and ensuring that the country captures greater economic value from its oil and gas resources. Addressing the opening ceremony on behalf of President John Dramani Mahama, Chief of Staff Julius...
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LPG Price Rise Tests Ghana’s Clean-Cooking Push
Ghana’s clean-cooking ambitions could face another affordability challenge as the Chamber of Petroleum Consumers (COPEC) projects a marginal increase in liquefied petroleum gas prices during the first pricing window of September 2026. COPEC expects LPG to sell at approximately GH¢14.19 per kilogramme from September 1, with a possible range of GH¢13.48 to GH¢14.90 depending on...
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GNPC on track for Q4 drilling in Voltaian Basin – CEO…two more offshore wells expected
Kizito CUDJOE The Ghana National Petroleum Corporation (GNPC) Chief Executive Officer (CEO), Kwame Ntow Amoah, has assured that the national oil company (NOC) remains on course to commence its planned fourth-quarter drilling programme in the Voltaian Basin despite repeated shifts in the timeline. Mr. Amoah said the delays were driven largely by a need to...
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Nigeria’s Fuel Exports Hit 561,000 bpd
Nigeria’s seaborne petroleum product exports have increased seven-fold since 2023, hitting an average of 561,000 barrels per day in the second quarter of 2026. The United States Energy Information Administration (EIA) attributed the massive surge to operations at the Dangote Petroleum Refinery. The development has strengthened Nigeria’s position in the global fuel market at a...
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Jinapor engages TOR management on refinery revitalisation
The Minister of Energy and Green Transition, Dr John Abdulai Jinapor, has engaged the management of the Tema Oil Refinery (TOR) to assess progress in efforts to rebuild and reposition the national refinery. The engagement provided an opportunity for TOR management to update the Minister on developments at the refinery, key challenges and ongoing initiatives...
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Namibia Must Turn Oil Discoveries into Lasting National Wealth – President
Namibia must move swiftly from oil discoveries to responsible development and ensure that petroleum resources translate into jobs, business opportunities, skills and sustainable national wealth, President Dr. Netumbo Nandi-Ndaitwah has said. The President said the country’s emerging oil and gas industry must become a catalyst for economic transformation, industrialisation and enterprise development rather than operate...
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Ghana Pushes Five New Oil Deals By 2027
Ghana Pushes Five New Oil Deals By 2027hana is accelerating efforts to attract fresh upstream investment, with the Petroleum Commission targeting at least five new petroleum agreements by the end of 2027 as declining production from mature fields increases the urgency of exploration.The planned agreements form part of a broader attempt to replenish Ghana’s petroleum...
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Oil Nears $90 as Hormuz Tensions Raise Ghana’s Fuel Risks
Oil prices are moving back towards the US$90-per-barrel threshold, as stalled US-Iran negotiations and sharply reduced shipping through the Strait of Hormuz revive concerns about the durability of global petroleum supplies. Brent crude rose by more than 1% in early Asian trading on Monday, August 17, with renewed geopolitical uncertainty providing fresh support to prices....