Ghana's prospects brighten
After some offshore problems, the country’s upstream should see significant growth in the coming months
ONE of the few West African countries that will increase oil output capacity over coming months may even sanction a new development. But Ghana's reserve expansion is muted, while a fall in government revenues is affecting the economy. Observers say the country's oil sector is in limbo while exploration budgets remain tight, though an uptick in activity would rekindle hopes of repeating Tullow Oil's headline-grabbing Jubilee field discovery in 2007. In 2015, Ghana produced 102,000 barrels a day of oil from Jubilee - until later this year, the country's only major operational field - and 120m cubic feet a day, all used to provide power domestically. "Ghana is looking for the next big discove
Also in this section
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
