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
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
22 April 2026
Sustained strikes on ports, terminals and refineries are testing the resilience of Russia’s oil export system, yet rapid repairs, rerouting and surging prices mean the campaign has yet to deliver a decisive blow
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
