World Bank Group to provide $517m for Ghana oil and gas project
The World Bank Group has said it would provide $517million to Ghana in debt and guarantees to support the $7.7billion Sankofa oil and gas project.
Ghana
Vitol and Eni awarded new Ghana exploration licence
A consortium comprising GNPC, Explorco, Vitol, Eni and Woodfields, has been awarded a new exploration licence offshore Ghana.
Tullow Oil shares drop 11% over Ghana FPSO issues
Tullow Oil shares slumped by over 11% yesterday after it revealed potential issues with its FPSO in Ghana.
Tullow Oil makes operating change after FPSO inspection
Tullow Oil said it has made a change to operating procedures at the Jubilee Field FPSO (floating, storage and offtake) vessel in Ghana.
GNPC, Quantum Power team up for Ghana LNG facilties
GNPC (Ghana National Petroleum Corporation) and Quantum Power has signed heads of terms for the construction and operation of LNG facilities.
Penspen wins Ghana pipeline contract
Penspen, the engineering and management services company, has been awarded a FEED contract for further development of a natural gas pipeline in Ghana.
UK Minister says it’s time to kick start solar revolution in Ghana
UK Minister of State for International Development, Grant Shapps, has told Ghanaians it is time to kick-start a solar power revolution in the African country.
McDermott wins approval for joint venture in Ghana
McDermott said its joint venture project in Ghana has received regulatory approval. The company is working on the McDermott Marine Construction Ghana Limited venture to pursue key offshore opportunities in Ghana. The announcement was made by officials from the joint venture during Africa Oil Week in Cape Town.
Erin eyes 500 million barrels of oil in Ghana fields.
US exploration company Erin Energy has revealed the latest volume estimate from its offshore Ghana is approximately 500 million barrels of oil.
Harkand toasts first contract in Ghana
Subsea services firm Harkand is celebrating its first contract win in Ghana and its Aberdeen-based survey division team will be responsible for managing the work.
Tullow resumes production from Jubilee field
Tullow Oil has resumed gas exports from its flagship Jubilee field in Ghana earlier than expected.
Ghana’s energy sector receives largest ever guarantees from World Bank
Ghana has received $700million in guarantees from the World Bank for its transformational Sankofa gas project, which is claimed will address the country's chronic energy shortage.
Clontarf Energy to submit Tano Basin application after court settlement
Clontarf Energy has agreed with the Ghanaian authorities to reapply for an exploration licence in the Tano Basin. The company will make the application through its subsidiary,Pan Andean Resources, for the asset offshore Ghana.
Ghana Gas Company shuts plant over Tullow gas supply disruption
State-run Ghana Gas Company has shut down its Atuabo gas processing plant due to an unexpected disruption of gas supplies from the offshore Jubilee field operated by Tullow Oil, the plant's director said on Tuesday. George Yankey told Reuters that Tullow had informed the plant of the disruption on its floating production vessel. Gas supplies were cut on July 3 and there was no indication when they would resume, he said.
Ghana blocked from drilling new oil wells in disputed area
Ghana can’t drill new oil wells in a disputed sea area with Ivory Coast, according to a special tribunal. The order may impact producers, including Tullow Oil Plc. Ghana and Ivory Coast “shall pursue cooperation and refrain from unilateral action that may lead to aggravating the dispute,” the Hamburg-based International Tribunal for the Law of the Sea said in a statement on its website Saturday. The order is provisional pending a final decision. Ivory Coast challenged sea boundaries with neighboring Ghana and asked the arbitration panel to order Ghana to halt drilling in an area where Tullow operates its Tweneboa-Enyenra-Ntomme project. TEN is set to produce its first oil in mid-2016.
Fugro sets up base in Ghana
Fugro has continued its expansion into Africa with the establishment of a new base in Ghana. The company has set up a base in Accra, which will provide it with support as it extends its business into the oil and gas market in West Africa. Fugro has also established a partnership with Lima Oil Services in the region.
Tullow Oil drops on concern Ghana dispute may halt activity
Tullow Oil Plc, an energy explorer in Africa, fell to a one-month low in London trading after saying Ghana could be ordered to suspend drilling in an offshore area where it operates. Tullow dropped as much as 8.6% to 354.1 pence, the lowest intraday price since January 30, and was at 363.1 pence at 1:14 p.m. local time. Ivory Coast, which disputes sea boundaries with neighboring Ghana, has asked an arbitration panel to order Ghana to halt drilling in an area where Tullow operates its Tweneboa-Enyenra-Ntomme project, the company said Monday in a statement. The TEN project is set to produce its first oil in mid-2016.