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Oil & Gas

Aureos Africa Fund eyes Ghana’s oil and gas sector

A private equity fund, Aureos Capital sets eyes on Ghana’s emerging oil and gas sector. The company which already has investments in other sectors in Ghana believes the oil and gas sector is ‘interesting’ the Vanguard, a Nigerian publication has said. An investment executive Kodjo Asiagbe was quoted as saying …

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Ghana’s Jubilee oil field said to contain 1.2 trillion cubic feet of gas

Ghana has 1.2 trillion cubic feet of gas in the Jubilee field, which could meet the requirement of 15,000 barrels of crude oil needed to operate the Aboadze Thermal Plant. There are 1.8 billion barrels of crude oil (recoverable reserves) in the Jubilee field, making it the single biggest in …

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Workers in petroleum sector attend seminar on oil and gas

Mr. Emmanuel Armah- Kofi Buah, Deputy Minister of Energy, on Wednesday said Ghana’s discovery of oil and gas in commercial quantities had raised the expectations and hopes of many Ghanaians that needed to be managed. It also implied an acceptance of a challenge to participate in a new kind of …

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Kosmos Energy cancels sale deal of Ghana Jubilee oil field to ExxonMobil

Kosmos Energy says it has cancelled its sale deal of Ghana’s Jubilee oil field to ExxonMobil. The protracted sale deal was cancelled today, according to a report by the Wall Street Journal. According to the report Texas-based Kosmos said it was now focused on developing the huge Jubilee oil field …

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Christian Coalition urges proper management of Ghana’s oil

Representatives of Christian Coalition have underscored the importance of employing best practices in ensuring prudent management and equitable distribution of the country’s expected oil and gas wealth. The Coalition, made up of the Christian Council of Ghana (CCG) and the Ghana Pentecostal Council (GPC), expressed the hope that the best …

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Will Ghana choose China over ExxonMobil for Kosmos’ Jubilee stake?

The government of Ghana about a week ago indicated in a press release that it will soon decide on the Kosmos Energy-ExxonMobil Jubilee stake issue that has become thorny over the period. The government pledged to do ‘whatever it takes within the law to protect the national interest at all …

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NGO says oil not for people of the catchments area alone

A former District chief Executive for Jomoro and Executive Director of the Centre for Social and Community Advancement, a non-governmental organisation, Mr Ketiboa Blay, has said that by law the people of Jomoro District are not the exclusive owners of oil and gas find in the Jubilee Field but for …

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Vice President calls for partnership between Ghana and Iran in oil exploration

Vice President John Dramani Mahama on Tuesday called for a partnership between the governments of Ghana and Iran to tap the rich experience of Iran in oil exploration and production. “Considering your immense experience in both on and off-shore oil exploitation, I will suggest that we have an effective partnership …

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Fishermen advised to obey regulations on fishing around Jubilee oil field

Commodore Tim Appiah, Flag Officer, Commanding the Western Naval Command, on Monday, advised fishermen to abide by the regulation, which requires them not to fish within a radius of 500 metres around the Jubilee oil field rigs. He gave the advice, when speaking to the press, after a meeting with …

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