Accra, Ghana//- The Government of Ghana, Tullow Oil plc (Tullow), Kosmos Energy (Kosmos), PetroSA, Ghana National Petroleum Company (GNPC) and Explorco today announced that they have entered into a Memorandum of Understanding (MoU) to extend the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licences to 2040, which cover the Jubilee and TEN […]
Category: Oil & Gas
NCDMB and Petroleum Commission Ghana Agree Tripartite Agreement with AOW:Energy
In a groundbreaking move that signals a new dawn for Africa’s energy landscape, AOW: Energy, the Nigerian Content Development and Monitoring Board (NCDMB), and the Petroleum Commission of Ghana have united in a powerful tripartite alliance to launch the Africa Local Content Forum, a purpose-driven platform aimed at delivering real change for regional prosperity and […]
OSP to File Criminal Charges in GH₵280m Corruption Scandal at NPA
The Office of the Special Prosecutor (OSP) has uncovered a sprawling GH₵280 million corruption scandal at the National Petroleum Authority (NPA), with several top officials accused of abusing their positions for personal gain.
The Future of Crude Oil Prices (USOIL – WTI): OPEC+, Global Demand, and the Unknown Ahead!
Crude oil markets are currently going through a delicate and highly sensitive phase, where geopolitical factors, political decisions, and structural shifts in supply and demand intersect.
Eni, Partners Begin New Drilling Phase in Ghana’s OCTP Block
Eni Ghana, in collaboration with Vitol Upstream Ghana Ltd and the Ghana National Petroleum Corporation (GNPC), has commenced drilling activities on the Sankofa East 1X Side Track 2 well in the Offshore Cape Three Points (OCTP) block, marking a new chapter in the growth of Ghana’s upstream oil and gas sector.
The Future of Crude Oil Prices (USOIL – WTI): OPEC+, Global Demand, and the Unknown Ahead
Crude oil markets are currently going through a delicate and highly sensitive phase, where geopolitical factors, political decisions, and structural shifts in supply and demand intersect.
Guyana, Afreximbank Highlight Opportunities Under the $1-billion Oil Financing Facility
Georgetown, Guyana// — The Cooperative Republic of Guyana and African Export-Import Bank (Afreximbank have concluded a two-day roadshow to promote access to a US$1-billion oil services financing facility announced by the Bank in February this year during the Guyana Energy Conference.
Vivo Energy Ghana Pledges Commitment to Safety Across its Operations
Accra, Ghana// – Christian Li, Managing Director of Vivo Energy Ghana, has pledged the company’s commitment to upholding the highest standard of safety in its operations, having achieved 5,249 (about 14 years) Goal Zero days without any significant safety or environmental incident, a reflection of the organisation’s strong safety culture.
Brent Nears $65 on Renewed Trade Optimism
Donald Trump’s comments on a potential Iran nuclear deal have been the defining bearish moment of this week, however inertia from the market’s robust recovery last week, still riding high on the euphoria of not having debilitating tariffs on US imports to China, managed to lift ICE Brent around $65 per barrel towards the end […]
Tullow Signs Sale and Purchase Agreement with Gabon Oil Company
Tullow Oil plc today announced that Tullow Gabon Limited (the seller), a wholly owned subsidiary of Tullow, has signed a sale and purchase agreement (SPA) with Gabon Oil Company (the “Purchaser”) for the sale of 100% of the shares in Tullow’s subsidiary, Tullow Oil Gabon S.A. (TOGSA), which holds all of Tullow’s non-operated working interests […]