The duel aims of reducing greenhouse gas emissions and providing greater access to energy for underserved regions of the world are proving to be a complex challenge in need of innovative solutions and major investment. Repeated warnings from scientists regarding the economic and environmental consequences of unabated carbon emissions have seen...
The decade from 2009 to 2019 was highly transformative for the Ghanaian energy sector. When the nation made its first discovery of deepwater oil and gas in 2007, biomass was the largest component in its total energy consumption. The subsequent exploitation of this new hydrocarbons resource, combined with a national drive towards...
Ghana’s recent competitive bidding round for offshore oil blocks garnered considerable foreign interest. Applications from global players, such Italy’s Eni, helped to boost investor confidence in the domestic oil and gas industry. However, an increasing foreign presence runs counter to a competing ambition: Ghana has long worked to boost local...
How successful has the oil block licensing round been in attracting foreign investment?
For many years, commercial agreements made between Ghana and oil companies were reached through direct negotiations. This open-door policy was useful in the early stages of the development of upstream oil and gas industry; it allowed the government to rapidly build momentum in the sector. However, as policymakers began to look to the long-term...
Rising commodity prices and vast untapped reserves have boosted interest in Ghana’s mining...
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