2 w. ago Springfield Highlights Indigenous Achievement Amid Government Acquisition Discussions

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/springfield-highlights-indigenous-achievement-amid-government-acquisition-discussions/Springfield Exploration and Production Limited has defended its investment record in the West Cape Three Points Block 2 (WCTP 2) as government led discussions continue regarding potential acquisition of the company’s interest in the oil block. The company emphasized that its involvement represents one of the most significant indigenous investments in Ghana’s upstream petroleum sector. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/springfield-highlights-indigenous-achievement-amid-government-acquisition-discussions/

Politics

2 w. ago GNPC, Explorco reject allegations on West Cape Three Points valuation

The Ghana National Petroleum Corporation (GNPC) and its subsidiary, GNPC Explorco, have refuted claims circulating in the media regarding Springfield Exploration and Production Limited’s interest in the West Cape Three Points Block 2. The statements follow reports suggesting that GNPC and Explorco executives provided outdated data for the valuation of the block, leading to questions […]

Politics

2 w. ago Industry Questions Ghana State Takeover of Springfield Oil Block

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/industry-questions-ghana-state-takeover-of-springfield-oil-block/Industry players are questioning the rationale behind attempts to get the Ghana National Petroleum Corporation (GNPC) to acquire West Cape Three Points Block 2 from Springfield Exploration and Production. The Ministry of Energy and Green Transition has signaled plans for the state, through GNPC and the Petroleum Commission, to acquire the West Cape Three Points […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/industry-questions-ghana-state-takeover-of-springfield-oil-block/

Sport

2 w. ago Energy Minister sets strict technical and commercial criteria for Springfield deal

Energy Minister John Jinapor says the government will only consider a state-led takeover of Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2) if the asset meets strict technical and commercial criteria.

Politics

2 w. ago Government support for Springfield deal depends on Independent valuation

The Minister for Energy and Green Transition, John Jinapor, says the government will only support a potential state-led takeover of Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2) after an independent and transparent valuation proves the field holds strong commercial prospects.

Politics

2 w. ago Government Faces Criticism Over Springfield Oil Block Takeover Plan

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/government-faces-criticism-over-springfield-oil-block-takeover-plan/The government’s announcement of a potential state led takeover of Springfield Exploration and Production’s interest in the West Cape Three Points Block 2 (WCTP 2) has triggered sharp criticism from energy sector observers who argue the approach contradicts petroleum laws and creates a problematic precedent. The Ministry of Energy confirmed on November 19 that the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/government-faces-criticism-over-springfield-oil-block-takeover-plan/

Politics

2 w. ago Energy Analyst Warns Against Paying for Springfield Oil Block

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/energy-analyst-warns-against-paying-for-springfield-oil-block/The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has challenged any government attempt to pay for Springfield’s oil block at West Cape Three Points, arguing the asset already belongs to the state following the company’s failure to meet contractual obligations. Boakye says Ghana must not pay a pesewa for the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/energy-analyst-warns-against-paying-for-springfield-oil-block/

Events

2 w. ago Unlocking National Oil Value: Strategic Intervention or Missed Opportunity?

The Government of Ghana’s intention to takeover Springfield Exploration & Production’s interest in the West Cape Three Points Block 2 (WCTP2) has reopened important conversations about the country’s upstream future. With national crude production declining and deep-water resources carrying significant untapped potential, the move signals a deliberate attempt to prevent valuable assets from remaining idle due to prolonged commercial or operational delays. WCTP2, one of the country’s promising blocks, is too critical to be left undeveloped.

Politics

3 w. ago Government targets Springfield’s oil block in push to boost production

The Government of Ghana is considering a State-led takeover of Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2) as part of efforts to safeguard declining petroleum assets and boost national oil production.

Politics

3 w. ago Energy Minister visits GNPC and GNPC Explorco, urges renewed efforts to curb declining oil production

The Minister for Energy and Green Transition, John Abdulai Jinapor, has paid a working visit to the Ghana National Petroleum Corporation (GNPC) and its subsidiary, GNPC Explorco, as part of his ongoing tour of agencies under the Ministry.

Politics