In June 2009, Congress passed the Waxman-Markey Act, also known as the American Clean Energy and Security (ACES) Act. This act sets limits on greenhouse gases (GHG), and could have a very serious impact on African countries dependent on revenues from the production of hydrocarbons in the future. Consequently, crude oil exporting countries would see that demand from the U.S.... Read more

Ghana’s oil find has brought in its wake, growing expectations where the youth in farming, fishing and diverse fields are strongly awaiting their share of the impending wealth-generating potential of the “black gold”. The oil fever was even stoked during the 31st December watch-night services in various places to usher in 2010 when church leaders offered divine prayers for a... Read more

The EO Group of Companies has denied any wrongdoing in its business dealings with Kosmos Energy, which culminated in the oil discovery at Cape Three Points. The Attorney General’s Department is considering prosecuting EO and its managers on suspicion of breaking Ghanaian laws in its business dealings with Kosmos. According to a leaked document from the AG’s Department, money laundering and fraud... Read more

Ghana’s oil find has brought in its wake, growing expectations where the youth in farming, fishing and diverse fields are strongly awaiting their share of the impending wealth-generating potential of the “black gold”. The oil fever was even stoked during the 31st December watch-night services in various places to usher in 2010 when church leaders offered divine prayers for a... Read more

Ghana is considering setting up a sovereign wealth fund to channel surplus revenues from oil production, which are due to start rolling later this year, Finance Minister Kwabena Duffuor has said. “We have held a couple of meetings already it’s something we’ re seriously working towards and we hope to put the proposals before Cabinet in about a month,” Dr. Duffuor... Read more

…Over 25K Salary Gig …AFAG Bigots Goof on Kosmos-EO Contrary to a Special Investigation Team report of The New Crusading Guide newspaper that one of the lead investigators in the Kosmos Energy -EO Group probe, Duke Amaniampong was on a $25,000 monthly salary, that assertion has turned out to be a concocted investigative piece by the paper. According to deep throat sources,... Read more

The Alliance For Accountable Governance (AFAG) has reacted angrily to the political persecution of Ghanaian businessmen and especially that of the Ghanaian shareholders in KOSMOS Energy, the EO group, the company that discovered Ghana’s oil fortune. According to the group it has been following with keen interest the unfolding drama with shock and dismay. According to AFAG, the National Democratic Congress (NDC)... Read more

It is time to separate fact from fiction, and end the destructive rumors circulating about EO Group’s role in the discovery of oil and gas reserves in Ghana. Here are the plain facts concerning the central issues: Who is EO Group Limited? EO Group Limited is the successor to a Ghanaian corporation established in 2002 by George Yaw Owusu and Dr. Kwame... Read more

PORT OF SPAIN (Reuters) – Ghana plans to begin natural gas production from its offshore Jubilee field by the fourth quarter of this year for domestic consumption, Energy Minister Joe Oteng-Adjei said on Monday. Jubilee was discovered in 2007 by a partnership of the government and international companies, including London-based explorer Tullow Oil Plc, and is estimated to contain 1.8 billion... Read more

What happens when you take one of the world’s most promising offshore oil and gas finds and mix it with a combination of Texas money and African ambition? If this combustible mixture is placed in the Gulf of Guinea within the legal waters of Ghana, the answer is trouble — lots of it. To put this roiling situation in perspective, note... Read more