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Oil & Gas

Eni hits oil, gas offshore Ghana

Eni, the Italian oil and gas company says it has found some oil and gas at its Sankofa-2 well Offshore Cape Three Points in Ghana. According to Eni, the Sankofa-2 well was drilled in 864 meters water depth at a distance of about 55 km…

Access Bank targets oil and gas industry

Access Bank (Ghana) will this year focus on financing the oil and gas industry as the sector represented a major growth pole in the economy. “The focus of the bank for 2011 is more on oil and gas because about 15 per cent of GDP is driven…

Tullow Oil signs $2.9b Uganda SPAs with CNOOC, Total

British oil producer, Tullow Oil says it has signed a $2.9 billion Sale and Purchase Agreements (SPAs) with China’s state-owned oil company, China National Offshore Oil Corporation (CNOOC) and French oil company Total in respect of the sale…

Ghana government pays TOR’s debt to GCB

The Ghana government has paid the Ghana Commercial Bank (GCB) an amount of GH¢572 million owed by the Tema Oil Refinery to the bank, Board Chairman, Kojo Thompson have said according to the Reuters news service. Mr Kojo Thompson was…

Tullow discovers more oil at Ghana Teak-2 well

British oil producer operating in Ghana, Tullow Oil says it has found more oil at its Teak-2 exploration well offshore Ghana. The company says the Teak-2 exploration well in the West Cape Three Points licence offshore Ghana has discovered…