US Government presents four boats to Ghana Navy

Monday, March 15th, 2010

The United States (US) Government on Saturday, presented four speed patrol boats to the Ghana Navy, to help ensure maritime safety and security. Ms Julie Furuta-Toy, Deputy Chief of Mission ...


AOS-Orwell invest $5million equipment in Ghana’s oil industry

Monday, March 15th, 2010

Two multi-national oil field service providers- Africa Oilfields Service Limited (AOS) and Orwell International (Oil&Gas) Limited, have committed $5million worth of equipment to Ghana's oil and gas industry. The two ...


Multi-purpose production vessel expected in Ghana in June

Friday, March 12th, 2010

A world class oil processing and storage vessel required for the giant Jubilee oil field will arrive in Ghana in June ahead of commencement of production in the last quarter ...


Ghana VP clenches housing project deal with South Korea

Thursday, March 11th, 2010

Vice President John Dramani Mahama has returned from South Korea, where he led a bi-partisan delegation to sign a 10 billion- dollar Memorandum of Understanding on behalf of Ghana for ...


LUKOIL, GNPC announce new oil strike

Wednesday, March 3rd, 2010

Ghana on Tuesday announced the discovery of a significant accumulation of oil and gas on the Cape Three Points Deep Water Block located offshore the West African nation. The Ghana National ...


Ghana Blocks Exxon $4bn Deal

Tuesday, February 9th, 2010

The government of Ghana has blocked the estimated $4bn sale of a stake in its Jubilee oil field, foiling months of talks between potential buyer Exxon Mobil Corp and the ...


Don’t over rely on the oil sector - Dr Nkrumah cautions

Monday, January 25th, 2010

Dr Sekou Nkrumah, National Coordinator of the National Youth Council (NYC), has cautioned government not to overly rely on the oil sector to the detriment of other sectors. He said ...


Tweneboa-2 exploratory appraisal well, Ghana

Friday, January 22nd, 2010

The Tweneboa-2 exploratory appraisal well, being drilled some 6 km southeast of the Tweneboa-1 discovery, has intersected a significant combined hydrocarbon column. Results of drilling, wireline logs and samples of ...


Ghana; There should be agreement on how to utilize oil money-Nduom

Sunday, January 10th, 2010

The 2008 Flag Bearer of the Convention People's Party (CPP), Dr Paa Kwesi Nduom on Thursday reiterated calls for the country to strategize and agree on how the money from ...


Sustainable Management to benefit from the oil find in Ghana

Friday, November 6th, 2009

Professor Samuel Kofi Sefa Dedeh, Dean of Faculty of Engineering Science, University of Ghana, Legon, on Thursday called for efforts to ensure Ghana developed the appropriate human resource to ...


Nigeria fails to supply oil to Ghana

Tuesday, October 13th, 2009

 •Mills-led govt now in credibility problem The Nigerian National Petroleum Corporation (NNPC), which is holding the Federal Government’s equity in the oil and gas industry, has failed to supply crude oil ...


Ghana selects Oando for $1bn Natural Gas Project

Monday, October 5th, 2009

Oando, Nigeria's leading integrated energy solutions provider announces that it has been selected as a Strategic Partner to the Ghana National Petroleum Corporation (GNPC) to develop assets and infrastructure to ...


Eni enters Ghana through the acquisition of two offshore exploration blocks

Tuesday, September 29th, 2009

The new license participating interests, which will be the same for both blocks, will be Eni Ghana Exploration and Production Limited 47.22% (and operator); VUGL 37.78%; and state company Ghana ...


Trinidad and Tobago delegation in Ghana for oil exploration

Tuesday, September 29th, 2009

A delegation from Trinidad and Tobago, arrived in the country at the weekend, to explore the oil and gas industry. Ms Charles Mendes, (Ed. correct) Ambassador of Trinidad and Tobago to ...


Nigeria and China dominate investments in Ghana

Thursday, September 24th, 2009

Ghana continues to position itself as the investment destination of choice in the sub-region attracting new investments valued at US$111.67 million in the second quarter of 2009 alone), a significant ...


US crude for November delivery is $71.63 a barrel on the New York Mercantile Exchange ,London Brent crude $70.22 a barrel.

Wednesday, September 23rd, 2009

Nigeria's crude oil production averaged 2.09 million barrels per day in the second quarter, up from 2.01 million bpd during the same period last year, the National Bureau of Statistics ...


Oil Discovery news this week in Sankofa-A1 well,Ghana and Abare Oeste, Brazil

Thursday, September 17th, 2009

The Sankofa-A1 well drilled at Cape Three Points Block on Ghana's offshore by Ghana National Petroleum Corporation (GNPC) in conjunction with Vitol Upstream Ghana Limited (Vitol) discovered a net hydrocarbon ...


Oil finds highlighting energy potential in Ghana and Uganda

Monday, July 20th, 2009

Nigeria Ambassador to Algeria, Amb. Jeremiah Hassan, yesterday said the Nigeria/Niger/ Algeria Trans-Sahara Gas Pipeline agreement would boost the country’s economy. Hassan told the News Agency of Nigeria (NAN) in an ...


Crude oil for August 2009 delivery up 1.2%, to $60.26 a barrel ;London Brent up 1.2%, to $61.60 ; oil and natural gas from Ghana’s

Wednesday, July 15th, 2009

Afren Plc, First City Monument Bank Plc (FCMB) and Guaranty Trust Bank Plc (GTBank) have established First Hydrocarbon Nigeria Company Limited (FHN), which is an... oil and gas company, as ...


Oil News from around the web, Crude oil for August 2009 delivery fell 75 cents to $62.18 a barrel ; In London, Brent prices fell 68 cents to $62.55 a barrel on the ICE Futures exchange

Wednesday, July 8th, 2009

Emerging oil giant Ghana aims to maximise local ownership of its resources to avoid mistakes made by neighbouring nations where oil has become a "curse," its deputy energy minister said ...


Oil News from around the web, Crude oil for August 2009 delivery was traded at $64.19 a barrel, up $0.14; Nigeria’s crude oil production capacity is expected to decline to 2.46 million

Wednesday, July 8th, 2009

Movement for the Emancipation of Niger Delta (MEND) on Sunday blew up a crude oil facility belonging to the United States oil major, Chevron. The militant group also seized a chemical ...


Oil News from around the web, US crude climbed 43 cents, or 0.7%, at $63.88 a barrel ; Ghana signs two agreements with China; Oberon oil discovery in ultra-deepwater block 31

Thursday, May 28th, 2009

)))))))))Light, sweet crude for July delivery was recently up 43 cents, or 0.7%, at $63.88 a barrel on the New York Mercantile Exchange. Brent crude on the ICE Futures exchange ...


Oil News from around the web, US crude rose $0.75 cents to $59.60 a barrel ; Drilling of the Tweneboa-1 exploration well

Wednesday, May 13th, 2009

)))))))))US crude for June delivery was up $0.75 at $59.60 a barrel, having hit a high of $59.90. It settled $0.35 higher at $58.85 a barrel on Tuesday, off an ...


Vanco and LUKOIL Sign New Petroleum Agreement in Ghana

Wednesday, April 1st, 2009

Drilling Unit Leaves Port for Deepwater Drilling ACCRA, Ghana--(BUSINESS WIRE)--The Government of the Republic of Ghana, the Ghana National Petroleum Corporation (GNPC), Vanco Ghana Ltd. and LUKOIL Overseas Ghana Ltd., ...


OML Partners FRSC on Safety Awareness for Motorbike Operators

Tuesday, March 31st, 2009

Oando Marketing Limited (OML), Nigeria's leading oil retailer and a subsidiary of Oando PLC, Nigeria's leading integrated energy provider, in its bid to encourage safety consciousness by motorbike operators in ...


Tullow Oil steps up local capacity building programme

Saturday, March 21st, 2009

Fourteen young Ghanaian graduate engineers have begun studies in various disciplines in oil and gas exploration and production under Tullow Oil Ghana’s sponsorship as part of the company’s bid to ...


Oil Newsbite, 03/17, 42.96 dollars a barrel, Royal Dutch Shell is to scrap its share buyback programme

Tuesday, March 17th, 2009

Saudi Arabia, said it wanted 60 -75 dollars for a barrel of crude. Brent North Sea crude for delivery in April shed 1.97 dollars to 42.96 dollars a barrel in London ...


Kosmos Energy’s Tweneboa-1 Well Makes Significant Discovery Offshore Republic of Ghana

Monday, March 9th, 2009

Company Marks Fourth Consecutive Find on Ghanaian Acreage DALLAS--(BUSINESS WIRE)--Kosmos Energy announces today that the Tweneboa-1 well has discovered a light hydrocarbon accumulation in the Tano Basin offshore the Republic of ...


Significant discovery at Tweneboa-1 exploration well offshore Ghana

Monday, March 9th, 2009

Tullow Oil plc (Tullow) announces that the Tweneboa-1 exploration well, drilled in the Deepwater Tano licence offshore Ghana, has discovered a significant highly-pressured light hydrocarbon accumulation. The well encountered 21 metres ...


Oil News, w/e 02/05,IFC clarifies approval of loan to Tullow and Kosmos, Chevron to delay key projects in Nigeria

Thursday, March 5th, 2009

TOR Oil Don’t forget TOR when oil production starts - Nigeria High Commissioner advices Tema, March 3, GNA - Senator Musilu Obanikoro, Nigeria High Commissioner to Ghana has advised the government of ...


Oil News, w/e 26/02,Ghana Prepares for Oil Boom, Oil steady just under $43 a barrel

Thursday, February 26th, 2009

Oil was steady under $43 a barrel on Thursday, after surging more than 6 percent overnight on U.S. government data that showed a larger-than-expected drop in gasoline stocks as demand ...


Ghana’s Oil ‘Hot Spot’ must proceed with caution- ISODEC/ Oxfam

Friday, February 20th, 2009

Two organisations has called for the right institutions and transparent policies to be put in place before the production Ghana’s oil begins.  The Integrated Social Development Centre (ISODEC) and Oxfam America ...


Oil News, w/e 13/02, Kosmos Energy Seeks Buyers For Ghana Oil Assets

Friday, February 13th, 2009

Oman began pumping natural gas from the West Bukha offshore field off the Musandam Peninsula, with forecasts of 40 million cubic feet per day by 2010. The Ras al-Khaimah Gas Commission ...


Daily Oil Newsbite, Nigeria reforms oil sector, Africa s economy to grow by 3.5 per cent

Wednesday, February 4th, 2009

Nigeria steps up reforms in oil sector With two former OPEC heads on board, the Nigerian administration seems decided to clean up the national oil company despite falling crude prices and ...


Afren plc updates on operational activities

Wednesday, December 17th, 2008

Nigeria- Okoro Setu Project Production operations on the Okoro Setu Project are continuing to run efficiently. The wells are producing in line with expectations and fine tuning of the production process ...