Ghana’s Cenpower Generation has committed to switching its primary fuel consumption from light crude oil to natural gas.
Tullow Oil has completed its twice yearly redetermination of its reserve-based lending facility, with $1.8 billion of debt capacity approved by lenders.
Ghana has reached an amended deal with Cenit Energy, which should save the country more than $200 million.
Tullow Oil produced 77,000 barrels per day of oil in the first half, in line with expectations.
Frontier Energy has gone online with its highly regarded Africa E&P Summit, due to take place on September 16 and 17.
Ghana is pushing onwards with its efforts to bring down prices paid for power.
Ghana’s Petroleum Commission has launched a committee to draft a policy on local content in the upstream sector.
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
Tullow Oil produced 77,700 barrels per day in the first half of the year, while the realised oil price was $52 per barrel.
Countries that need power, need power now – and Karadeniz’s Powerships may just be the fastest moving answer to this particular demand.
Ghana has made considerable progress in distributing power to its citizens, but talks are under way in order to make this process more sustainable.
Aker Energy has reiterated its commitment to Ghana’s Pecan field, although not going so far as to commit to timing on a final investment decision (FID).
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.
Total has scrapped plans to buy assets that had belonged to Anadarko Petroleum in Ghana.
Ghana’s Ministry of Energy has called for Eni and Springfield Exploration and Production to begin a process of unitisation covering the companies’ Sankofa and Afina finds.
Occidental Petroleum will continue to hold its Algerian assets following its inability to conclude the sale of them to Total.
Tullow Oil has appointed Rahul Dhir to serve as its new CEO and an executive director, with Dorothy Thompson returning to her role as non-executive chair.
The US Securities and Exchange Commission (SEC) has charged a former Goldman Sachs official with paying bribes in Ghana in order to win work on the construction of a power plant, for a Turkish company.
Tullow Oil has secured its reserve-based lending (RBL) facility at $1.9 billion, giving it around $700 million of liquidity, while slashing its spending this year further from plans announced just two weeks ago.
Aker Energy has opted to halt development work offshore Ghana in response to the coronavirus pandemic, terminating a contract for a floating production, storage and offloading (FPSO) vessel with Malaysia’s Yinson Holdings.
The Africa E&P Summit, which had been due to be held on May 20-21, has been pushed back to October 21-22.
Total and Chevron have cancelled rigs contracted from Valaris, working in Angola, the drilling company has announced.
An offshore worker trapped in Ghana has accused bosses of placing him in a “dangerous situation” and not acting quickly enough to get him home to his disabled son.
Tullow Oil has slashed spending in 2020 and set out major disposal plans in an attempt to weather the storm.
Kosmos Energy has reported a net loss of $36 million for the fourth quarter of 2019, although free cash flow reached $139mn for the period.