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Five-hundred fifty million barrels of oil discovered off Ghana coast

Ghana and partners announce additional oil and gas discovery

Government of Ghana and its partners in the Cape Three Points (CTP) oil fields announced a new discovery here on Thursday. The...
oil

Eni Announces Massive Discovery of Oil in Offshore Angola

Eni announces a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water. The new discovery is estimated to...
Eni and Government of Ghana

Eni and Government of Ghana launch Okuafo Pa Project in Bono region

The Minister of Planning Prof. Gyan Baffour in representation of the President of Ghana Nana Akufo-Addo, the Krontihene of Dormaa Barimah Ansu Agyei, and...

Ghana Government Currently Pays US$28 Million For ENI Gas

The Ministry of Energy has indicated that Government does not pay $40 million for ENI gas. A release signed by Nana Damoah, head of communications...

Ghana’s President re-echo need for Africa and Europe to forge closer

President Nana Addo Dankwa Akufo-Addo on Tuesday stressed the need for Africa and Europe to forge closer, meaningful partnerships that would promote trade and...
oil

Stakeholders Review Local Content Oil and Gas

Dr Juliette Twumasi-Anokye, a consultant has urged Ghanaian entrepreneurs to get involved in the implementation of the oil and gas local content policy for...
World Bank Office Ghana

World Bank provides partial risk guarantee for Ghana’s major gas field

The 500 million U.S. dollars will be available in case Ghana defaults in paying for gas consumption from the field which is expected to...
OCTP Sankofa gas

ENI To Invest US$22.5 billion In Africa Over Next 4 Years

This investment, according to ENI will go into mostly oil and gas. This investment will go into mostly oil and gas, Eni CEO Claudio Descalzi...

ENI Granted New Exploration Licence For Cape Three Points Block 4

The new concession block acquisition approval sees the company further strengthen its stake in the country’s offshore oil and gas exploration despite the lingering...
oil rig

Eni Cuts Down Its Investment Over 4-quarter Loss

Eni posted a net loss in the quarter of 8.46 billion euros ($9.4 bln) on Friday after writing down 4.4 billion euros on upstream...
OCTP Sankofa gas

ENI Records US$9.7 billion Net Loss For 2015

ENI, among the world's top 20 energy companies, said it had to downgrade the value of its assets after the per-barrel price of oil...
OCTP Sankofa gas

Groups calls for ENI gas deal review

The NPP has tasked the Italian Prime Minister Matteo Renzi to prevail upon ENI and government to review the agreement because of unfavorable terms. ENI...
Communications Director, Nana Akomea

ENI US$7 billion deal needs review – NPP

This was contained in a statement the party issued to welcome the Italian Prime Minister, Matteo Renzi who was on a two-day-visit to Ghana...
gas

US$7 billion ENI gas project questioned – part II

The fiscal terms include royalty of 7.5% for oil since the water depth is in excess of 400 mters; gas royalty of 5%, corporate...
West African Gas Pipelines have received gas from Nigeria over the past 3 years

US$7 billion ENI gas project questioned – part I

According to the Africa Center for Energy Policy analysis of the deal, the fiscal benefits of the entire project based on the working interests...
oil

Ghana to make losses in ENI gas deal

By: Adnan A. Mohammed According to energy expert?s analysis of the ENI/Sankofa gas deal signed between ENI, VITOL and GNPC, the fiscal benefits of the...
Dr. Mohammed Amin Adam

ACEP Exposes Govt, GNPC For Signing Bad Gas Contract With ENI And Vitol

By Kwabena Adu Koranteng The Africa Centre for Energy Policy (ACEP)has criticized the government of Ghana and the Ghana National Petroleum Corporation for not taken...

Is Ghana providing sovereign guarantees for Eni deal?

Dear Mr. President, let me congratulate you on the excellent strides you have made on the international scene. Your commitment to a working ECOWAS...