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Oil & Gas
Tullow appoints Barclays Capital, Morgan Stanley as joint corporate brokers
Tullow Oil Plc has appointed Barclays Capital and Morgan Stanley to jointly serve as its corporate brokers.
In a brief statement February 2, 2012, Tullow said “it has appointed Barclays Capital and Morgan Stanley & Co. International…
Ghana government contracts $1b loans to improve oil and gas sectors
A $150 million loan agreement to finance an ICT-enhanced surveillance and monitoring facility for the oil and gas enclave project in Ghana is to come before Parliaament for scrutiny.
Another subsidiary loan agreement involving $850 million…
Boosting Jubilee output: Norwegian Aker wins well service contract offshore Ghana
Norwegian firm, Aker Solutions says February 3, 2012 it has signed a frame agreement with Tullow Ghana Limited to provide well intervention services for Ghana’s Jubilee and Tano deepwater oil fields offshore Ghana.
Under the agreement,…
Tullow, Uganda sign production sharing agreements
Tullow Oil Plc said February 3, 2012 it has signed two new Production Sharing Agreements (PSAs) with the Government of Uganda.
According to British-based oil explorer, the new PSAs cover the EA-1 and Kanywataba licences in the Lake Albert…
Ghana Oil Company appoints Chris Ackummey as new Acting Managing Director
The Board of Governors of Ghana Oil Company Limited (GOIL), has appointed Mr Chris A. Ackummey as the new Acting Managing Director until the formal appointment of a substantive head.
Mr Ackummey, who is a Board member of GOIL, takes over…
Drastic shortfall of gas supply from West African Gas Pipeline leads to power ration in Ghana
The Volta River Authority (VRA), has announced that there would be an indefinite reduction of power supply by 100 megawatts, during the peak periods every day from 6.00 pm (1800) hours to 10.00 pm (2000).
This is due to the drastic…
Ghana’s Trades Union to emabrk on nationwide protest over government’s refusal to restore fuel…
The Ghana Trade Union Congress (TUC) on Thursday announced a plan to embark on a nationwide demonstration over government’s refusal to restore the subsidies on petroleum products.
Mr Kofi Asamoah, Secretary General of the TUC, said at a…
London-based Intertek Plc opens new testing laboratory for Ghana’s petroleum industry
London-based firm, Intertek Group Plc says January 31, 2012 it has opened a new purpose-built petroleum laboratory at Ghana’s Takoradi Port.
The company says it opens the lab to meet the increased market demand for an independent petroleum…
Ghana Parliament approves China loan offtaker agreement for crude oil lifting
The Parliament of Ghana on Wednesday approved an offtaker agreement between the Ghana National Petroleum Corporation (GNPC) and the UNIPEC Asia Company Limited for the lifting of crude oil from the Jubilee Field.
The agreement is under the…
Jomoro Youth demonstrate against re-location of gas Project
A large number of the youth in the Jomoro District of the Western Region on Friday went on a two-hour peaceful demonstration at Beyin, to register their protect against the relocation of the Domunli Gas Project.
The demonstrators dressed…