The country recorded 25.8 million (bbls) of crude oil in the first half-year of 2022 from its three offshore producing fields — Jubilee,Tweneboa Enyera and Ntomme (TEN) and Sankofa Gye Nyame(SGN), a reduction of about 1.9 million barrels from the previousyear's production, Jubilee recorded 14.9 million bbls, being 57.6 percent of the totalproduction, whereas SGN produced 6.5 million bbls representing25.4 percent and TEN recorded 4.3 milion bbls, being 17 percent.…

All countries have a vital role and interest in avoiding catastrophic climate impacts and safeguarding a livable planet. Like the citizens of most developing countries, Ghanaians are increasingly affected by climate change, despite bearing little responsibility for the emissions that have caused it. At the COP26 climate conference last year, governments reaffirmed their commitment to the goal of limiting global warming to 1.5°C. Achieving this will require a colossal and unprecedented…

For many developing counties, natural gas offers promise. It can displace dirty, expensive diesel and supplement hydroelectricity, which is becoming less reliable in parts of the world as the climate changes. Gas can also be a big earner when exported. There can be hidden costs to gas, however, as experiences in Ghana and Algeria show. In Ghana, the government paid huge penalties after failing to honor a purchase agreement. Algeria…

When Germany’s new Chancellor Olaf Scholz embarked on his first African tour this month, many media outlets focused on Senegal’s potential to supply natural gas to Europe. This spoke both to Europe’s scramble to replace Russian gas supplies and to a surge in optimism about new revenues among gas-producing African countries. But separating reality from hype has been a challenge. Through the publication on 18 May of its external energy strategy,…

Reactions to emissions agreements reached at COP26 earlier this month were decidedly mixed. But one theme that emerged clearly from the dialogue surrounding the negotiations was the need for a just and equitable energy transition.Developing countries that rely upon, or have been hoping to exploit, endowments of fossil fuels are in a unique predicament. They face the prospect of stranded assets and are caught between the global need to reduce…

This article was first published under a different headline by The Africa Report. Update: The World Bank working paper from which this analysis was drawn has since been published.The crash in oil and gas prices, triggered by the coronavirus pandemic and the slump in economic activity, has dealt a blow to the plans and public finances of major oil- and gas-producing countries. But a group of countries in sub-Saharan Africa…