Tuesday, December 10, 2019

Ghana National Petroleum Corporation News

Aker Energy Issues Bonds to AFC

FPSO Dhirubhai-1 (File photo: Aker Floating Production)

Aker Energy Ghana, a subsidiary of Norwegian-based oil exploration and production firm Aker Energy AS, has entered into an agreement to issue $100 million of convertible subordinated bonds to Africa Finance Corporation…

Aker Energy Hits Oil Offshore Ghana

(Photo: Aker Energy)

Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announced Monday that it encountered oil in the Pecan South-1A well south of the main Pecan field offshore Ghana.Aker Energy said…

Aker Energy Eyes IPO

Photo: Hufton+Crow/Dark Arkitekter

Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means.The subsidiary…

Ghana Exploration Licensing Round Attracts Global Majors

Photo courtesy of Tullow Oil

Sixteen oil and gas firms have submitted applications for one or more of five Ghanaian offshore blocks in the West African country's first exploration licensing round, its energy ministry said.The interest is a major vote of confidence in Ghana…

GOIL to Partner in Exxon Deepwater Field

© natanaelginting / Adobe Stock

Ghana has approved state-owned company GOIL as minority local partner for Exxon Mobil's deepwater offshore oilfield, Energy Minister Peter Amewu said on Wednesday.The West African nation is receiving "huge interest"…

Ghana FSU/FSRU Finally Under Construction

(Image: Gasfin)

Ghana's liquefied natural gas (LNG) import project is finally under construction, years after its original inception, with two vessels contracted to store and regasify the fuel by the second quarter of 2020, a project…

Ghana Resurrects LNG Import Terminal with Chinese Deals

Ghana has chosen two Chinese companies to build the infrastructure it needs to import liquefied natural gas, resurrecting the $350 million Tema terminal project that would make the country the first in sub-Saharan Africa to buy LNG.Tema LNG, backed by Africa-focuse

Offshore Cape Three Points Begins Gas Delivery to Ghana

Image: Vitol

Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum Corporation (GNPC).Both Vitol and…

Tullow to Pay Seadrill $254 mln Over Ghana Dispute

Photo courtesy of Seadrill

A London judge ordered Tullow Oil to pay rig owner Seadrill around $254 million saying Tullow was wrong to end a rig contract in Ghana on grounds of force majeure over a maritime dispute, Tullow said on Tuesday.Tullow…

Clash of the Russian Energy Titans

(File photo: Rosneft)

Russian energy major Rosneft is increasingly challenging domestic rival Gazprom in international gas markets, from West Africa to Turkey and even Europe, according to five industry sources with knowledge of the matter.Last week…

FPSO at Jubilee Oil Field to Close for Fix

Photo: Tullow

The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said on Monday. The planned shutdown…

Ghana to Award New Oil Blocks off West Coast

FPSO Prof. John Evans Atta Mills (File photo: Tullow)

Ghana is set to award nine new upstream oil blocks for commercial exploration off its western coast beginning this year, the energy ministry said on Thursday.The West African country plans to award six of the nine blocks this year while the remaining three will be

Gazprom Signs LNG Supply Deal with Ghana

Russian gas giant Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas, a subsidiary of Gazprom Marketing & Trading Group said on Monday. Gazprom Global…

Ghana, Equatorial Guinea to Sign LNG Deal

Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said.

ENI pumps first oil from Ghana's Sankofa field

Italian oil company ENI started oil production from the 45,000 barrel-per-day Sankofa field offshore Ghana on Thursday, company and government officials said. The Sankofa field forms the first phase of the $7.9 billion Offshore Cape Three Points project (OCTP)…

Ghana Appoints New Head to National Oil Company

Ghana's new government on Tuesday replaced the head of the national oil company after an election in which it promised greater transparency in the sector and a fairer use of oil revenues. It appointed Kofi Konadu Sarpong…

Low Crude Prices dim Revenue Hopes from new Ghana oilfield

New oil production ship cost $1.6 billion. Some analysts say output from Jubilee field disappointing, but Tullow confident new ship avoids problems on Jubilee vessel. In the depths of Ghana's fiscal crisis in 2014…

Ghana National Oil Company to Take Over State Gas Firm

Photo: GNPC

Ghana's state oil company can take over the much-smaller national gas firm under a deal approved by the government, Finance Minister Seth Terkper said on Wednesday during the annual budget. The deal will bring Ghana…

Ghana National Oil Company, Trafigura Discuss $700m Loan

Ghana National Petroleum Corporation (GNPC) is in talks with commodities trader Trafigura and banks for a $700 million five-year loan at 4.43 percent to fund oil and gas projects, GNPC and a source close to the deal said on Friday.

Ivory Coast to File Legal Complaint over Ghana Border Row

Ivory Coast to file legal complaint over Ghana border row

Ivory Coast said on Friday it would file a complaint with an international jurisdiction after Ghana took legal action to resolve a dispute over the two nations' maritime border in an area rich in hydrocarbons. British…