* Downgrades 2011 production forecasts to 79-81,000 bopd * Montserrado well does not find oil in commercial quantities * CFO says Jubilee field will reach plateau production in 2012 * Sees Uganda govt finally approving deal before year-end * Shares down 6.9 percent   http://www.reuters.com/article/2011/11/09/tullowoil-update-idUSL6E7M913P20111109 ... Read more

Oil giant Shell has accepted responsibility for two devastating oil spills in Nigeria’s Ogoniland region. The Bodo fishing community sued Shell in the UK, alleging that spills in 2008 and 2009 had destroyed the environment and ruined their livelihoods. Their lawyer said they would seek hundreds of millions of dollars in compensation for one of the world’s “most devastating... Read more

The next MTS Houston Section luncheon will be held on June 23, 2011 and will feature a presentation by Dennis McLaughlin, Kosmos Energy on the challenges of the Jubilee project offshore Ghana. Mr. McLaughlin is Senior Vice President Development with Kosmos Energy in Dallas. From the start, the Jubilee Project was ambitious and challenging, representing the first significant development ever offshore... Read more

British oil and gas producer Tullow Oil plc (TLW.L: News , TUWOY.PK, TUWLF.PK) Tuesday said is planning for a secondary listing of its shares on the Ghana Stock Exchange and an offering of 4 million Tullow shares in Ghana. The offer on the Ghana Stock Exchange is expected to give everyone in Ghana the opportunity to apply for shares in Tullow... Read more

TULLOW OIL is poised to boost its presence in Ghana through a cash-and-shares deal valued at over $300 million (€212 million). The Irish oil and gas exploration group expects production this year to hit 100,000 barrels a day, mainly driven by its stake in the Jubilee oil field off Ghana’s coast, which Tullow operates. In its second such announcement this week, the... Read more

26 May 2011 – Tullow Oil plc (“Tullow” or “the Company”) announces that today it entered into a conditional agreement to acquire the interests of EO Group Limited (EO), consisting of its entire interests offshore Ghana, for a combined share and cash consideration of $305 million. This acquisition will increase Tullow’s interest in the West Cape Three Points licence offshore Ghana... Read more

Bermuda-based Kosmos Energy Ltd, the oil and natural-gas company owned by Warburg Pincus LLC and Blackstone Group LP, gained 1.3 percent in its first day of trading after raising $594 million in its initial public offering. The exploration and production company sold 33 million shares at $18 each, 10 percent more than it sought, according to a statement. Shares of the... Read more

The objective of the Gas and Oil Capacity Building Project is to improve the public management and regulatory capacity while enhancing transparency; and strengthen local technical skills in Ghana’s emerging oil and gas sector. There are three components to the project. The first component of the project is institutional development and sector management. This component has five sub-components: 1) diverse... Read more