Africa Oil and Gas news and related events in the sub region
The management of Tullow Oil says the company has been able to produce three million barrels of crude oil from the Jubilee field, this year meanwhile, it is expecting to achieve 120 thousand barrels of its produce by early next year. This comes after the Jubilee operator, produced a little over 33 million...
“Anadarko delivered record operating results, generated more than $130 million of free cash flow and successfully appraised discoveries in Mozambique, the Gulf of Mexico and Ghana during the first quarter of 2012,” said Anadarko Chairman and CEO Jim Hackett. “The operating results were highlighted by record sales volumes, a year-over-year increase of 27,000 barrels...
By Mahlatse Gallens — Deputy President Kgalema Motlanthe has concluded his working visit to Ghana where he discussed various deals for state-owned enterprises including in oil, aviation and rail. PetroSA is expected to sign an oil deal in the next month. SAA wants to establish a hub in the west African country – the...
By Mandy Rossouw — With the United States pressuring South Africa to cut oil imports from Iran, Deputy President Kgalema Motlanthe set off to Ghana this week to find the oil and electricity to keep South Africa afloat. Motlanthe, with Energy Minister Dipuo Peters and Public Enterprises Minister Malusi Gigaba, left for Accra on...
By Adwoa Dansowaa Awuku — A Deputy Energy Minister, Alhaji Inusah Fuseini says sanctions imposed on Iran by the United States and other Western countries can have repercussions for Ghana. The Minister explained the sanctions and accompanying insecurity in the Gulf region has an effect on the movement of oil prices on the world...
Takoradi — Inadequate facilities and undue delays at the Takoradi Port have compelled oil service providers supporting operations on the Jubilee Field to redirect their vessels to neighbouring countries. Currently, supply vessels at the port are still competing with cargo vessels for space. This is notwithstanding additional space provided by the Home Port of...
Various stakeholders and key players at the just ended Ghana Summit on oil and gas, deliberated on a number of issues, including Local Content development in relation to the industry, enumerating the developments, policies as well as the challenges faced by this industry in Ghana. Local Content and participation according to the Ministry of...
B&FT — Ghana is likely to see larger domestic and external deficits in 2012 on account of election-spending risks and swelling outflows from the income and service accounts, Renaissance Capital has forecast. The investment bank said it expects the budget deficit to widen to 5.1% of GDP this year — against the authorities’ expectations...
The Nigeria Security and Civil Defence Corps (NSCDC) says it has arrested over 150 operators of illegal oil bunkers in some parts of the country. The Commandant-General of the corps, Dr Ade Abolurin, said this in Abuja on Saturday, while addressing 50 personnel of the corps who had been chosen for anti-vandalism training in...
A senior Ghanaian official has disclosed that the Ghanaian government is not comfortable with the disparities between the conditions of service of expatriate workers and locals in the upstream oil sector. “I think the areas that we have difficulties in is the fact that there is a very huge disparity in terms of conditions...
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