Tag Archive

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 […]

Tullow Oil Announce Trading Statement & Operational Update

Tullow Oil Announce Trading Statement & Operational Update

June 28, 2017 No Comments

Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial half year to 30 June 2017. This is in advance of the Group’s Half Year Results, which are scheduled for release on Wednesday 26 July 2017. The information contained herein has not been […]

Clontarf in Constructive Discussions with Ghanaian Ministry

June 8, 2017 No Comments

The directors of Clontarf Energy (AIM: CLON) reports that discussions have taken place in recent days relating to the Tano 2A onshore offshore block in Ghana. These discussions were positive and constructive, and will be continued. David Horgan, Director, commented “The Tano 2A saga has been ongoing for nine years. There are numerous legacy issues […]

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Eni starts production from the OCTP Integrated Oil&Gas Development Project, in Ghana

Eni starts production from the OCTP Integrated Oil&Gas Development Project, in Ghana

May 22, 2017 No Comments

Eni has launched production from the Integrated Oil&Gas Development Project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, in just two and a half years, and three months ahead of schedule, reaching another record time-to-market. The OCTP integrated oil & gas development is made up of the Sankofa Main, Sankofa East […]

Kosmos Energy Announces First Quarter 2017 Results

Kosmos Energy Announces First Quarter 2017 Results

May 12, 2017 No Comments

Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced its financial and operating results for the first quarter of 2017. For the first quarter of 2017, the Company generated a net loss of $28.8 million, or $0.07 per diluted share as compared to net loss of $59.0 million or $0.15 per diluted share in the same period […]

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