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Browsing Category
Oil & Gas
Kosmos Energy acquires Sabre Oil’s interest offshore Ghana for $365m
Jubilee partner, Kosmos Energy said February 27, 2012 that it has acquired the participating interest of Sabre Oil & Gas Holdings Limited in the Deepwater Tano Block, offshore Ghana for a purchase price estimated at approximately $365…
US firms in talks with Ghana to supply vessels to transport gas onshore from Jubilee oilfields
Two US-based companies are in advanced discussions with the Ghanaian government for the supply of liquid natural gas and liquid natural gas regasification facilities, a US top diplomat has said.
The diplomat did not name the two companies…
Ghana Parliament approves $850m loan to finance gas infrastructure
Ghana's Parliament on Thursday approved the Subsidiary Agreement between Ghana and China Development Bank Corporation (CDB) for $850 million to finance the Western Corridor Gas Infrastructure Development Project.
This is the main thrust of…
Tullow hits oil at Jupiter-1 offshore Sierra Leone
British Tullow Oil plc (Tullow) today February 21, 2012 announces that the Jupiter-1 exploration well in Block SL-07B-11 offshore Sierra Leone has successfully encountered hydrocarbons.
The well, Tullow says "intersected "30 metres of…
Bonyere citizens threaten secession over relocation of Ghana’s first gas plant
The decision of the Ghana Gas company engineers to relocate Ghana’s first gas processing plant from Bonyere to Atuabo is brewing tension among the youth in the Bonyere area who are threatening to secede to Ivory Coast.
“If they don’t want…
Ghana earned over $444m from oil export in 2011 – President Mills
President John Evans Atta Mills on Thursday disclosed that Ghana earned a total of $444,124,724 from the sale of Ghana Group’s oil lifting of 3,930,189 barrels of crude oil.
He said some challenges in production at the Jubilee Oil Field…
Commercial drivers say 20% fuel price reduction insignificant
Some commercial drivers in the Wa Municipality have described the recent 20 per cent reduction in fuel prices as woefully insignificant and would have no positive impact on the cost of living.
They said it would rather create problems, as…
British Afren says Italian Eni starts drilling oil at Keta block offshore Ghana
British oil firm, Afren Plc on February 6, 2012 announced that Italian oil giant Eni has started drilling on the Keta block, located in the Volta River Basin offshore Ghana.
“Eni Ghana exploration and production Ltd., operator of the Keta…
Kosmos Energy sued for ‘misleading’ shareholders on Ghana’s Jubilee oil output
Texas-based oil explorer Kosmos Energy has been sued in the US for giving false projections to shareholders that Ghana’s Jubilee oil fields will be able to produce 120,000 barrels of oil per day beginning 2012.
Lead Jubilee operator,…
French company Technip gets €100m contracts for Phase 1A Jubilee oil project offshore Ghana
Paris-based oil services company, Technip says February 6, 2012 that it has been awarded two contracts worth approximately €100 million by Tullow Oil for the Phase 1A of the Jubilee project in Ghana.
The contracts, Technip said “Cover full…