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Sonangol, Chevron & Shell Join Tullow Oil and Total to Discuss Well Intervention in West Africa

Sonangol, Chevron & Shell Join Tullow Oil and Total to Discuss Well Intervention in West Africa

December 13, 2017 No Comments

Eni Nigeria, Marathon Oil, Shell & Sonangol amongst offshore operators joined by leading well work experts at the Offshore Well Intervention Workshop West Coast of Africa on March 7-8: 150+ senior well intervention experts will get together in March at the Mövenpick Ambassador Hotel in Accra to discuss their well intervention and P&A strategies in […]

Golar LNG Interim results for the period ended 30 September 2017

Golar LNG Interim results for the period ended 30 September 2017

November 30, 2017 No Comments

Golar reports today a 3Q 2017 operating loss of $22.9 million as compared to a 2Q 2017 loss of $24.0 million.  A pick-up in utilization toward the end of the quarter resulted in a small rise in time charter revenues which increased $1.0 million to $25.0 million in 3Q 2017. Voyage expenses increased from $11.8 […]

Gas & Renewables for a sustainable development of Ghana

Gas & Renewables for a sustainable development of Ghana

November 29, 2017 No Comments

The Prime Minister of Italy Paolo Gentiloni and the CEO of Eni Claudio Descalzi visited the FPSO Kufuor, the Floating Production, Storage and Offloading unit in Ghana’s offshore. The visit took place during Mr. Gentiloni’s trip to Ghana, a part of the ongoing state visit to a set of African countries. The FPSO Kufuor puts […]

Tullow Provides November Trading Update

Tullow Provides November Trading Update

November 8, 2017 No Comments

Tullow Oil plc (Tullow) issues the following Trading Update for the period 27 July to 8 November 2017. The Group will publish a Trading Statement and Operational Update on 10 January 2018. Full Year Results for 2017 will be announced on 7 February 2018. Highlights • Full year 2017 West Africa net oil production guidance, […]

African national oil companies (NOCs) need to evolve for the future

African national oil companies (NOCs) need to evolve for the future

October 5, 2017 No Comments

African national oil companies (NOCs) across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon world. A new era of lower oil prices is challenging […]

TEN fields not Affected by ITLOS judgment

TEN fields not Affected by ITLOS judgment

September 25, 2017 No Comments

Tullow Oil plc (Tullow) notes that the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg today delivered its judgment with regard to the maritime boundary dispute between Ghana and Côte d’Ivoire. The new maritime boundary as determined by the tribunal does not affect the TEN fields as per […]

IMF Approves US$94.2 Million Disbursement and Program Extension with Ghana

IMF Approves US$94.2 Million Disbursement and Program Extension with Ghana

August 31, 2017 No Comments

The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of the arrangement under the Extended Credit Facility (ECF). Completion of the fourth ECF review enables the disbursement of SDR 66.42 million (about US$94.2 million), bringing total disbursements under the arrangement to SDR 398.52 million (about US$565.2 million), with the remainder […]

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Kosmos Announces Second Quarter 2017 Results

Kosmos Announces Second Quarter 2017 Results

August 8, 2017 No Comments

Kosmos Energy Ltd. (“Kosmos”) (NYSE:KOS) announced financial and operating results for the second quarter of 2017. For the second quarter of 2017, the Company generated a net loss of $8.5 million, or $0.02 per diluted share as compared to net loss of $108.3 million or $0.28 per diluted share in the same period last year. […]

Kosmos Energy Announces Intention to List on the London Stock Exchange

Kosmos Energy Announces Intention to List on the London Stock Exchange

August 2, 2017 No Comments

Kosmos Energy Ltd. (“Kosmos” or the “Company”), a leading independent oil and gas exploration and production (“E&P”) company, announced its intention to pursue a secondary listing on the standard segment of the Main Market of the London Stock Exchange (“LSE”). Kosmos – Key Highlights Founded in 2003, Kosmos is a leading independent oil and gas […]

Ghana Concentrating Efforts On Onshore Oil Discovery

Ghana Concentrating Efforts On Onshore Oil Discovery

July 18, 2017 No Comments

President Nana Addo Dankwa Akufo-Addo, recently pledged his government’s commitment to the exploration and discovery of oil in commercial quantities onshore, specifically in the Voltaian Basin. In that direction, he commended the bold step taken by the Ghana National Petroleum Corporation (GNPC) to find oil and gas in the Voltaian Basin, saying that Government would […]

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