South Africa’s Alpha Refinery is financing the construction of a $ 7 billion refinery at Atuabo in the Western Region to process crude from the Jubilee Fields, Executive Chairman, Melvyn Julie, said in Accra. The refinery will have a capacity to process 200,000 barrels of crude a day. “We have signed the Memorandum of...
Africa Region
Africa Oil and Gas news and related events in the sub region
Tullow to list in Uganda Stock Exchange
KAMPALA, UGANDA – After successfully listing on the Ghana Stock Exchange, Oil explorer Tullow is set to list on the Uganda Securities Exchange (USE). According to Mr. Jimmy Kiberu, the Corporate Affairs Manager at Tullow Uganda, the process of registering on the Uganda bourse commenced in the first part of 2010 – 2011. “It (Floating...
Ghana to collaborate development agenda with other African countries -Veep
Vice President John Dramani Mahama has given the assurance that Ghana would always do everything within her purview to support African and other Third World countries in their development agenda. He said it is only through such collaboration that the country could effectively identify areas that she is comparatively stronger and develop strategies for partnership...
Tullow seen beating peers with $30 billion Africa find: Energy
By Eduard Gismatullin (Bloomberg) — Tullow Oil Plc, the U.K. explorer that unlocked billions of barrels in frontiers from Uganda to French Guiana, wants to repeat those landmark finds drilling onshore East Africa as peers target natural gas offshore. With Canadian partner Africa Oil Corp., Tullow is aiming for at least 300 million barrels of...
Asian refiners to cut West African crude imports by 13% in March
By Sherry Su (Bloomberg) — Asian refiners will cut their daily imports of West African crude for loading in March by 13 percent from an at least seven-month high in February, according to a survey of six traders and an analysis of loading programs obtained by Bloomberg News. A total of 62 cargoes amounting to...
Key political risks in the Gulf of Guinea
A stretch of West Africa’s coast spanning more than a dozen countries, the Gulf of Guinea is a growing source of oil, cocoa and metals for world markets. But rising rates of piracy, drug smuggling and political uncertainty in an area ravaged by civil wars and coups have made it a challenging area for...
Financial impropriety could affect NDC in Dec elections – EIU
The financial impropriety that has rocked the government could have far-reaching consequences for the National Democratic Congress (NDC) in the December elections, the Economic Intelligence Unit (EIU) has indicated. In its February 2012 political outlook on Ghana, the EIU noted that while President John Evans Atta Mills had struggled to maintain party unity, the...
Revenue Watch invites applications for oil and gas media training programme
Revenue Watch Institute (RWI) has announced its third class for African journalists seeking new expertise in reporting on oil, gas and minerals, to be held in Kampala, Uganda, this May. The training program seeks to engender an informed, responsive media community to provide oversight of the money from these industries. The application process is open...
Supporting maritime security in Ghana: US Africa Command Blog
I just returned from a very successful planning meeting with the Petroleum Security Coordination Center (PSCC) in Ghana — the agency responsible for developing a strategic security plan for their oil and gas industry. We have been asked to support their effort by conducting a table top exercise to test Ghana’s Maritime Strategic Plan,...
Gas shortfall plunges Ghana into load shedding
BY CHIKA AMANZE-NWACHUKU, This Day –Drastic reduction in gas supply from Nigeria through the West African Gas Pipeline Project (WAGPP) has forced the Electricity Company of Ghana (ECG) to resort to load management in various parts of the country, pending when normalcy would return. The WAGPP was initiated by the Federal Government with governments...
