Business
Ghana's 15% participating interest in oil explorations to be reduced-Petroleum Commission
With the emergence of oil production in various African nations, Ghana risks losing its competitive edge in the capital-intensive oil sector.
DL News
Results for "Sankofa Oil Field"
411 results.
Africa
Nigeria's ex-oil minister charged with bribery in the UK
Nigeria's former oil minister Diezani Alison-Madueke has been charged with bribery offences in the UK. She is suspected of accepting financial rewards for awarding multi-million dollar oil and gas contracts
BBC
Africa
Shell Oil Site Seized by Nigerian State Over Unpaid Damages
An oil site operated by Royal Dutch Shell Plc’s Nigerian unit has been seized by one of the country’s state governments due to a dispute over an oil spill that occurred decades ago.
DL News
Courts
Hearing of Dram Oil's $187 million negligence suit against Deloitte set for July 15
The plaintiff is seeking a court order for the payment of $187.596 million, along with other claims, in relation to the audit firm's alleged mishandling of an audit assignment.
DL News
Africa
Shell exits Nigeria’s onshore oilfields in $2.4bn deal
The buyer, a consortium led by Nigerian independent energy company, Renaissance Oil, which includes ND Western, Aradel Energy, First E&P, Waltersmith and Petrolin, marks a significant change in the landscape of Nigeria’s oil industry.
BusinessDay Nigeria
Europe
Shell to face human rights claims in UK over chronic oil pollution in Niger delta
More than 13,000 Nigerian villagers can bring legal claims against oil firm, rules high court
The Guardian
Africa
Uganda protests denounce EU oil policy
"EU respect Africans and their resources," one placard reads, "our oil is our hope," says another.
BBC
General
GNPC-Aker deal: I’ve not taken any bribe, says Haruna Iddrisu
Royalties, tax revenues and profits to GNPC Explorco will amount to about US$6.5 billion in nominal value over 15 years and substantial foreign exchange inflows will accrue to Ghana
DL News
Business
IES urges government to review Petroleum Agreements amidst drawbacks in oil sector
The IES wants the government to review the royalties and taxes charged stakeholders and parties in the upstream sector
DL News
Europe
Former Nigerian oil minister cleared of UK bribery charges
A jury at Southwark Crown Court found the 65-year-old not guilty of five counts of accepting bribes and one count of conspiracy to commit bribery.
DL News
Business
Tullow Oil wins $320m tax arbitration against GRA
The ICC Tribunal determined that the Branch Profit Remittance Tax (BPRT) does not apply to Tullow Ghana's operations under its Petroleum Agreements for the Deepwater Tano and West Cape Three Points blocks, which encompass the prominent Jubi...
DL News
Business
GNPC seeks Parliamentary approval for $1.65bn loan to commence oil exploration
Currently, the GNPC is allowed through its GNPC Explorco to participate in the upstream petroleum sector. This means the company can search for potential underground or underwater crude oil and natural gas fields.
DL News
General
ARTICLE: AN OVERVIEW OF A CHANGE IN GOVERNMENT IN GHANA FROM A LAWYER’S LENS: EXPLORING THE IMPORTANCE OF CORPORATE GOVERNANCE IN THE PUBLIC SECTOR
This article discusses the transfer of power from a previous President to a newly elected President and its impact on the appointment of Board members for State-Owned Entities, and the role and importance of Corporate Governance in the publ...
Co-Authored by Lady-Ann Essuman and Verissa Odame-Koranteng
Business
Ghana extends oil licence deal with Tullow, Kosmos, PetroSA & GNPC at $2 billion
Announced on June 4, 2025, the agreement brings together key industry players—Tullow Oil plc, Kosmos Energy, PetroSA, the Ghana National Petroleum Corporation (GNPC), and its subsidiary Explorco—under a unified commitment to deepen investme...
DL News
General
SONA 2024: Full Speech by President Akufo Addo
The address, mandated by Article 67 of the 1992 Constitution, was delivered by the President in the Chamber of Parliament on Tuesday, 27th February, 2024
DL News
Business
Petro XP, Finest Oil, 2 others fined GH¢595, 000 for various infractions
According to a release by the Corporate Affairs Directorate of the NPA, Finest Oil would pay GH¢160,000.00 made up of GH¢10,000.00 for engaging in third-party supplies
DL News
General
Renowned Ghanaian lawyer reported dead after scuba diving in Dubai
She collapsed shortly upon returning to her hotel and died afterward.
DL News
Business
Tullow OIl, Kosmos Energy in merger talks
This announcement follows media reports speculating about Kosmos's interest in making an all-share bid for Tullow Oil plc.
DL News
General
Give PIAC prosecutorial powers- CSO rep
The committee currently relies on Parliament for enforcement, a system that has not effectively deterred the misuse of oil revenues.
DL News
Europe
Museveni urges overseas travel ban for MPs
He made the remarks while commissioning facilities at Uganda Petroleum Institute-Kigumba (UPIK) where the country intends to train local experts in oil exploration.
BBC