Ghana go-ahead for Eni and Vitol deep-water development
The $7bn development will be crucial for Ghana when it starts to flow in 2018
Eni and partner Vitol are to move ahead with a multi-field deep-water development which will produce oil for export and gas for the Ghanaian market. The $7 billion investment, described as transformational for the electricity-short country, will see gas landed for power generation for more than 15 years. The development covers fields in the Offshore Cape Three Points block, off western Ghana, where the exploration campaign was completed only two years ago. Three non-associated gasfields, Sankofa Main, Sankofa East and Gye Nyame, and two oilfields, Sankofa East Cenomanian and Sankofa East Campanian, will be brought on stream through a floating production, storage and of-floading vessel. Reser
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
