Ghana has this month reverted to electricity rationing, thanks to unreliable Nigerian gas supplies. But petty bickering over the location of Ghana’s unduly delayed gas infrastructure to harness local gas will cost the country in many more ways than meets the eye. The delay is already estimated to cost the country and the Jubilee partners several hundred million dollars in unrealised... Read more

The decision of the Ghana Gas company engineers to relocate Ghana’s first gas processing plant from Bonyere to Atuabo is brewing tension  among the youth in the Bonyere area who are threatening to secede to Ivory Coast. “If they don’t want the project to come to Bonyere, then we would join Ivory Coast,” the Secretary of Bonyere Citizens Association, Striver Thomas... Read more

KOSMOS  Energy Ghana on Thursday denied it owed the Electricity Company of Ghana (ECG) utility bills saying its bills had been paid as far back as November last year. Reacting to media reports that KOSMOS was listed among a group of companies that owed the ECG, Mr George Sarpong, said KOSMOS was one of the only two companies which had fully... Read more

President John Evans Atta Mills on Thursday disclosed that Ghana earned a total of $444,124,724 from the sale of Ghana Group’s oil lifting of 3,930,189 barrels of crude oil.     He said some challenges in production at the Jubilee Oil Field had been scaled down pending the completion of a remedial programme.     Speaking on the energy sector in the State of... Read more

Government’s strategic plan to utilize the gas from the oil-producing Jubilee Field to boost industrialization and also minimize the detrimental environmental effects associated with gas would hit the spotlight at an international gas forum scheduled for February 15 and February 16  in Accra. The Ghana Gas Forum seeks to bring to the fore, key public and private sector players in the... Read more

Jubilee partners, operators of the jubilee oilfields, on Thursday launched an exhibition in Kumasi to educate Senior High School (SHS) students on activities involved in the exploration, production and lifting of oil.      The aim of the exhibition is to keep them adequately informed about what goes into the production of oil and the opportunities that exist for interested students after... Read more

British oil firm, Afren Plc on February 6, 2012 announced that Italian oil giant Eni has started drilling on the Keta block, located in the Volta River Basin offshore Ghana. “Eni Ghana exploration and production Ltd., operator of the Keta block which is located in the Volta River Basin offshore Eastern Ghana, has commenced drilling of the Nunya-1X (formerly named Cuda-2)... Read more

Technip was awarded by Tullow Ghana Limited two contracts, worth approximately €100 million, for the Phase 1A of the Jubilee project. The Jubilee field is located offshore Ghana at a water depth of 1,300 meters. These contracts cover full project management, engineering, fabrication and installation of a new flexible riser(1), two rigid flowlines(2) and 11 spools/jumpers, as well as the installation... Read more

Texas-based oil explorer Kosmos Energy has been sued in the US for giving false projections to shareholders that Ghana’s Jubilee oil fields will be able to produce 120,000 barrels of oil per day beginning 2012. Lead Jubilee operator, Tullow Oil in its trading statement January 18, 2012 said daily output from Jubilee will range from 70,000 barrels to 90,000 barrels in... Read more

Tullow Oil Plc has appointed Barclays Capital and Morgan Stanley to jointly serve as its corporate brokers. In a brief statement February 2, 2012, Tullow said “it has appointed Barclays Capital and Morgan Stanley & Co. International plc as joint corporate brokers with immediate effect.” The company is listed on both the Ghana Stock Exchange (GSE) and the London Stock Exchange (LSE). Tullow... Read more