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Tullow Oil Announce Trading Update summary

Tullow Oil Announce Trading Update summary

November 13, 2019 No Comments

  Full year 2019 West Africa net oil production from Ghana and non-operated portfolio forecast to average c.87,000 bopd ·      Full year capex forecast of c.$540 million, free cash flow forecast of c.$350 million, full year net debt of c.$2.8 billion ·      Uganda farm-down lapsed; Tullow and Joint Venture Partners remain committed to the Lake Albert Development ·      Kenya exports East Africa’s first cargo of 240,000 barrels […]

Eni Ghana launches Business and Market Fair in Sanzule

Eni Ghana launches Business and Market Fair in Sanzule

November 12, 2019 No Comments

Eni Ghana has launched the maiden edition of the Business and Market Fair in Sanzule, Western Region. The fair showcased agricultural products and other services issued from businesses developed under the Livelihood Restoration Plan (LRP), OCTP’s $3.9m project to diversify the local economy. Participants displayed crops, livestock and manufactured goods – including pigs, live spent […]

IMF Staff Concludes 2019 Article IV Consultation Mission to Ghana

IMF Staff Concludes 2019 Article IV Consultation Mission to Ghana

October 24, 2019 No Comments

An International Monetary Fund (IMF) team, led by Carlo Sdralevich, visited Accra September 30-October 11, 2019 to conduct discussions on the 2019 Article IV Consultation, which was concluded in Washington, D.C. on the occasion of the 2019 IMF and World Bank Annual Meetings. The team held constructive and candid discussions with Vice President Bawumia, Finance […]

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Kosmos Innovation Center program

Kosmos Innovation Center program

October 15, 2019 No Comments

The numbers are staggering when it comes to agriculture in Ghana: the sector represents more than 50 percent of the country’s GDP, accounts for over 40 percent of export earnings, and meets over 90 percent of Ghanaian food needs(1). It’s these statistics that led to the idea for the Kosmos Innovation Center—an idea that came […]

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Occidental Provides Update on Divestiture

Occidental Provides Update on Divestiture

September 30, 2019 No Comments

Occidental Petroleum Corporation (“Occidental” or “the Company”) (NYSE: OXY) provided an update on its divestiture and deleveraging initiatives following the recent close of its acquisition of Anadarko Petroleum (“Anadarko”) on August 8, 2019. Occidental’s progress includes: Sale of Anadarko’s Mozambique LNG Stake to Total: Occidental has completed the sale of Anadarko’s Mozambique LNG stake to […]

Eni awarded a new Exploration and Production license in Ghana

Eni awarded a new Exploration and Production license in Ghana

July 3, 2019 No Comments

Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana. This result allows Eni to further consolidate its presence in the Country. Eni will be the Operator of the license and besides Vitol the Joint Venture will include […]

New discovery in CTP-Block 4, offshore Ghana

New discovery in CTP-Block 4, offshore Ghana

May 10, 2019 No Comments

Eni announces a gas and condensate discovery in CTP-Block 4, offshore Ghana. The well, drilled on the Akoma exploration prospect, proved an estimated volume between 550 and 650 bcf of gas and 18-20 mmbbl of condensate. The discovery has further additional upside for gas and oil that will require further drilling to be confirmed. The […]

Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa

Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa

May 6, 2019 No Comments

Total announces that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of 8.8 billion $ in the event of a successful completion of Occidental’s ongoing bid for Anadarko. The transaction is contingent upon Occidental entering into and completing its proposed acquisition […]

Contingent Sale of Anadarko African Assets to Total for $8.8 Billion

Contingent Sale of Anadarko African Assets to Total for $8.8 Billion

May 6, 2019 No Comments

Occidental Petroleum Corporation (NYSE: OXY) announced that, in connection with Occidental’s proposal to acquire Anadarko Petroleum Corporation (“Anadarko”) (NYSE: APC), it has entered into a binding agreement to sell Anadarko’s Algeria, Ghana, Mozambique and South Africa assets to Total S.A. (“Total”) (NYSE: TOT) for $8.8 billion. The sale is contingent upon Occidental entering into and […]

Tullow Announce AGM Trading update

Tullow Announce AGM Trading update

April 25, 2019 No Comments

Tullow Oil plc (Tullow) issues the following Trading Update for the period 1 January to 25 April 2019. This statement is issued in advance of the Group’s Annual General Meeting (AGM) which is being held at Tullow Oil plc, Building 9, Chiswick Park, London, W4 5XT at 12pm today. The Group will announce its Trading […]

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