Africa Oil and Gas news and related events in the sub region
The Nigerian Maritime Administration and Safety Agency (NIMASA) has declared that the controversial vessel, MT Madina, is not a Nigerian ship a week after its arrest in Ghana for alleged involvement in crude oil lifting. The ship, which has been in detention in Ghana since her arrest on March 8, 2012 while discharging allegedly stolen...
Citifmonline –The Bank of Ghanahas announced that the country’s total savings from oil revenues have reached $69 million dollars. This is contained in a report published on the central bank’s website. According to the report, about $14.4 million dollars has accumulated in the heritage fund which is meant for future generations. Meanwhile the stabilization...
By Moses Mozart Dzawu, Bloomberg –DGhana’s cedi weakened for a ninth straight day against the dollar, reaching the lowest in almost 18 years, as importers bought the U.S. currency. The currency of the world’s second-biggest cocoa producer depreciated 0.9 percent to 1.7603 per dollar by 2:05 p.m. in Accra, the capital. That’s the lowest...
Julia Kollewe, the Guardian — Tullow Oil, the London-based explorer, has had a good week: two days after reporting soaring profits it confirmed that an oil strike off the coast of Ghana was a major find. The Africa-focused company, which has been built from scratch by Irishman Aidan Heavey, has been ramping up a...
HOUSTON (Dow Jones)–Anadarko Petroleum Corp. (APC) said Monday its 2012 capital expenditures are expected to be between $6.6 billion and $6.9 billion, with most of the investment going to oil projects onshore the U.S. and the U.S. Gulf of Mexico. Houston-area-based Anadarko’s guidance is higher than the $6.55 billion the company spent in capital...
The Ghana Navy has arrested a foreign Vessel, Merchant Tanker, MADINA. The vessel loaded with fuel is reported to have been stolen from Nigeria. The Ghana Navy received hint from its Nigerian counterparts about the vessel and zoomed in to make the arrest. Director of Public Relations at the Ghana Armed Forces, Colonel M’Bawine...
The president of International Monetary Fund (IMF), Christine Lagarde has lauded Ghana for its cooperation with the Fund managers and the prudent measures adopted so far to substantially improve the Ghanaian economy. She commended President John Evans Atta Mills for his personal engagement, and the Government’s economic team for good fiscal policies that had...
A Ghanaian Professor of Botany at the Ambrose Alli University, Ekpoma, Edo State has been killed by suspected Niger Delta militants in Port Harcou rt, the Rivers State capital. Prof. Peter Akomeah was killed along with a younger colleague while on a field study for the oil giant, Shell last Thursday. The professor, a...
The United States is interested in the outcome of the boundary dispute between Ghana and neighbouring Ivory Coast over parts of the Jubilee Oilfields. Ghana and Ivory Coast have set up a commission to work out the details of how the maritime border will be demarcated, according to a top US diplomat,reports Ghana Business...
Associated Press, Kuala Lumpur, Malaysia – Pirates have attacked a ship off the coast of Nigeria for the second time in as many days, but the attackers were thwarted in the latest incident by a quick-acting crew, an international maritime watchdog said Thursday. The pirates opened fire Wednesday on a Nigerian-owned oil tanker about...
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