The Government of Ghana has signed a $2 billion memorandum of understanding with key energy partners to extend oil production licenses for the Jubilee and TEN fields through 2040, aiming to boost output, increase gas supply, and drive infrastructure development.
The Government of Ghana has signed a $2 billion memorandum of understanding (MoU) to extend production licenses for its key oil fields, Jubilee and TEN, through 2040. The deal was made in partnership with Tullow Oil, Kosmos Energy, PetroSA, the Ghana National Petroleum Corporation (GNPC), and its subsidiary Explorco.
According to a statement from the Ministry of Energy, the agreement includes plans to drill 20 new wells and attract fresh investments aimed at boosting oil and gas production, expanding infrastructure, and creating new job opportunities in the energy sector.
Ghana’s Minister of Energy, John Abdulai Jinapor, described the MoU as a “major milestone” for the country’s energy future, emphasizing that the agreement is not solely about sustaining crude oil production but also about enhancing local capacity, infrastructure, and employment.
The deal also aims to increase the country’s natural gas supply, helping to lower domestic energy costs. As part of the broader framework, new training programs will be launched for personnel at GNPC and the Petroleum Commission to build technical expertise and ensure long-term sustainability.
The Jubilee and TEN oil fields, located offshore in Ghana’s Western Region, are among the country’s most productive assets. The Jubilee field began production in 2010 and was followed by TEN (Tweneboa, Enyenra, Ntomme) in 2016. Tullow Oil serves as the operator of both fields.
The move reflects Ghana’s commitment to maximizing its hydrocarbon resources while gradually transitioning to a more diversified energy portfolio that includes gas and renewables.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Azerbaijan and China have deepened energy cooperation, with new agreements signed to advance green energy initiatives and improve Azerbaijan’s electricity transmission system in line with its renewable energy targets.
Liverpool have officially announced the signing of Hungarian international Milos Kerkez from AFC Bournemouth, as part of the club’s strategic efforts to reinforce their defensive line ahead of the 2025–26 campaign.
India and Russia have discussed the timely delivery of the remaining S-400 air defence systems and upgrades to Su-30 fighter jets, alongside broader defence cooperation, during a key meeting at the SCO summit in China.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Azerbaijan and China have deepened energy cooperation, with new agreements signed to advance green energy initiatives and improve Azerbaijan’s electricity transmission system in line with its renewable energy targets.
Liverpool have officially announced the signing of Hungarian international Milos Kerkez from AFC Bournemouth, as part of the club’s strategic efforts to reinforce their defensive line ahead of the 2025–26 campaign.
India and Russia have discussed the timely delivery of the remaining S-400 air defence systems and upgrades to Su-30 fighter jets, alongside broader defence cooperation, during a key meeting at the SCO summit in China.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Nike is stepping back from China-based production for its U.S. market to dodge tariff-related costs, aiming to shift its sourcing strategy by 2026.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Shell has denied reports that it is in talks to acquire BP in a historic £60 billion deal, despite ongoing market speculation about a potential merger between the two oil giants.
Universal’s new theme park in Bedford, UK has secured a government support package worth around £500 million ($686 million) for rail and road upgrades, as part of a wider package to boost infrastructure ahead of the park’s planned 2031 opening.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Azerbaijan and China have deepened energy cooperation, with new agreements signed to advance green energy initiatives and improve Azerbaijan’s electricity transmission system in line with its renewable energy targets.
Liverpool have officially announced the signing of Hungarian international Milos Kerkez from AFC Bournemouth, as part of the club’s strategic efforts to reinforce their defensive line ahead of the 2025–26 campaign.
India and Russia have discussed the timely delivery of the remaining S-400 air defence systems and upgrades to Su-30 fighter jets, alongside broader defence cooperation, during a key meeting at the SCO summit in China.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment