Dr. Kwesi Mensah Wilson It is usually not my style to jump into the fray when others are squabbling. Given my interest into this matter, I have invested the time to look deeply into the circumstances surrounding the process using an extensive network including experts in the industry, and I can comfortably state that this deal involve NO CONFLICT OF INTEREST... Read more

An investigation into allegations of corruption against the Texas-based oil and gas exploration company, Kosmos Energy, by the government of Ghana, has yielded enough evidence to prosecute the group. According to the Attorney-General and Minister of Justice, Mrs. Betty Mould- Iddrisu, who spoke to The Chronicle on the issue, the government had gathered enough criminal evidence against the group, and would... Read more

Benchmark crude for February delivery was up 80 cents to $83.55 per barrel at midday in Singapore and on the New York Mercantile Exchange. On Friday, the contract rose 9 cents to settle at $82.75. China said on Sunday that its oil imports rose 14 percent last year to a record high in December, representing a 56 percent surge in overall imports... Read more

Tullow Oil is on course to pump the first oil from Ghana’s giant Jubilee field in the last quarter of 2010, a company official said on Wednesday. “We are 298 days away from pumping the first oil and so far everything is on target,” Anthony Djokoto, Senior Legal Adviser at Tullow in Ghana told Reuters. The field is estimated to hold as... Read more

BP Plc, Europe’s second-biggest oil company, scrapped plans to bid for Kosmos Energy LLC’s stake in Ghana’s Jubilee field, two people familiar with the matter said. Talks between BP and Ghana National Petroleum Corp. over a joint offer for Kosmos’s Ghanaian assets broke down in recent weeks, according to the people who declined to be identified because the negotiations were confidential.... Read more

A Research Fellow at IMANI Ghana, Mr Bright Simons has expressed disappointment at the insidious way and manner in which the country’s oil resource is being managed. He said the opaque clouds that have enveloped the processes relating to the management of the resource and the role government is playing should be of a major concern to all Ghanaians. “The lack of... Read more