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Oil & Gas

Ghana government officials mute over $23m payment from Kosmos Energy

Ghana government officials are not saying anything about payments totaling $23 million being made to government by Texas-based oil producer, Kosmos Energy. Kosmos Energy has said it is due to pay the government of Ghana an amount of $23 million as the company prepares to sell its shares on the …

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Tullow Oil to invest 50% of $1.5b global expenditure in Ghana

British oil producer, Tullow Oil, will invest about half of it’s capital expenditure for the year 2011 in Ghana, an official has disclosed. Tullow Oil has indicated that it will spend about $1.5 billion in all its operations globally, according to its Interim Management Statement (IMS) which was copied to …

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Oil is exhaustible – Minister

Alhaji Issahaque Salia, Upper West Regional Minister has observed that Ghana’s oil and gas find is exhaustible and should therefore be utilised judiciously for the growth of the economy. He advised Ghanaians to concentrate on deriving the maximum benefits from other resources such as gold, agriculture, tourism and telecommunication. Alhaji …

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Oil revenue must benefit Ghanaians – Dr Nduom

The Government has been tasked to utilise oil revenue for the benefit of Ghanaians, more specifically, the communities in the oil production area in a visible, positive and very significant way. Dr Papa Kwesi Nduom, Convention People’s Party (CPP) presidential candidate for Election 2008, who made the call, called for …

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Ghana crude oil exports yield $484.2 million

Ghana became an oil producer and exporter following the commercial production of oil in the country on December 15, 2010. By the first quarter of 2011, crude oil exports from Ghana was estimated at $484.2 million, the governor of the Bank of Ghana, Mr. Kwesi Amissah-Arthur has said. According to …

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Forum raises concern about abuse of Liquefied Petroleum Gas

Participants at a day’s public forum on the Road Fund in Sunyani, on Thursday suggested the need for the Government to institute measures to check the abusive consumption of liquefied petroleum gas (LPG) by drivers. The participants were unanimous in their view that the trend was defeating the main purpose …

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Tullow Oil to spend $1.5b in Ghana’s oil fields, others this year

Tullow Oil Plc, the majority shareholder in Ghana’s Jubilee oil fields, says its capital expenditure for the year 2011 will be around $1.5 billion. The UK oil explorer indicates that oil wells in Ghana as well as other significant wells in West Africa are expected to receive a substantial share …

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Kosmos Energy to invest $400m in Ghana’s oil fields

Kosmos Energy, one of the oil producers working on Ghana’s Jubilee oil field has indicated that it will make available an amount of $400 million to fund its activities in the oil fields in Ghana. Using its estimated net proceeds of approximately $550.2 million from its public offering sale of 30,000,000 …

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Kosmos Energy to list on Ghana Stock Exchange

Kosmos Energy says it will list its common shares on the Ghana Stock Exchange (GSE). Tullow Oil, another major oil producer in Ghana has also expressed its intentions to list on the GSE. “We intend to apply to list our common shares on the Ghana Stock Exchange”, Kosmos said in …

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