Capricorn investor slates Tullow merger plan
An investor in Capricorn Energy has expressed its opposition to the company’s merger plan, describing it as one sided in favour of Tullow Oil.
An investor in Capricorn Energy has expressed its opposition to the company’s merger plan, describing it as one sided in favour of Tullow Oil.
A Ghanaian court has ordered the government to halt payments to Eni and Vitol, amidst the ongoing legal dispute with local company Springfield Exploration & Production.
Norway’s Norfund and KLP has made a $40 million equity investment in CrossBoundary Energy, to support renewable energy projects in Africa.
As Tullow Oil works to execute its merger with Capricorn Energy, the company is focusing on growth projects.
Ghana has granted Aker Energy more time to submit the plan of development for its Pecan field.
Tullow Ghana (LON:TLW) has awarded a five-year operations and maintenance (O&M) contract to Petrofac Ghana (LON:PFC) on the FPSO Kwame Nkrumah.
Capricorn Energy head Simon Thomson has defended the company’s merger with Tullow Oil in an interview with the Sunday Times.
Ghana’s government is taking steps to tackle the fuel crisis, but protests are on the rise at the high price of living.
Eni’s Scope 1 and 2 emissions increased in 2021, largely as a result of its African operations, but it offset this through the acquisition of 2 million tonnes of CO2 equivalent in forestry credits.
Ghana National Petroleum Corp. (GNPC) has appointed a new acting CEO, Opoku-Ahweneeh Danquah, replacing KK Sarpong.
Tullow Oil increased emissions in 2021 amid delays in installing gas capturing equipment offshore Ghana.
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
Kosmos Energy is scaling up spending to $700 million this year, from $460mn in 2021, on both its base producing business and its LNG project with BP.
Tullow Oil’s shift to a more conservative stance is paying off, it seems, with debt down and cash flow on the rise.
Ghana has waived sulphur specifications on locally produced vehicle fuels in order to keep its refineries functioning.
Uganda’s Parliament may not approve the Lake Albert development until the end of the year, pushing the final investment decision (FID) into early 2022.
Tullow Oil has pre-empted the sale of Occidental Petroleum’s stake in the Jubilee and TEN fields to Kosmos Energy, in Ghana.
Ghana’s oil industry has had a fair amount of success in making its case to the local population, but a move onshore risks inflaming tensions.
As majors shift out of mature West African assets, new opportunities may attract large independents to enter the area.
Kosmos Energy and Ghana National Petroleum Corp. (GNPC) have bought out Occidental Petroleum’s stake in the Jubilee and TEN fields.
A Royal Navy ship is on its way to the Gulf of Guinea, amid a continued focus on security.
Tackling emissions has come to dominate discussions around ESG, driving concerns that progress is slipping on tackling the energy gap that continues in many African states.
Africa has the resources it needs to provide power for its people, but aboveground challenges must be resolved to speed the way, speakers on a PESGB / HGS Africa E&P Conference 2021 panel have said.
Tullow has hit financial goals and is looking to farm down its Kenyan operations, as it focuses further on its Ghanaian operations.
Endeavor Energy achiever commercial operations at its Twin City power plant in Ghana at the end of July, it reported.