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Oil & Gas

EO Group fails to repay $61.7m debt to Kosmos

Kosmos Energy has revealed that one of the Jubilee Partners at Ghana’s oil fields, the EO Group owes it an amount of $61.7 million and it might have to go to court to claim the amount as the Ghanaian owned oil company has failed to repay…

Global oil and gas sector valued at $270b

The number of announced transactions which took place in the oil and gas sector worldwide in 2010 were valued at $270 billion, according to financial group Ernst & Young (EY). The transactions include mergers and acquisitions in the…