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Kosmos to invest $400 mln in Ghana oil development in 2013 – CEO
Reuters – Kosmos Energy will invest $400 million in its Ghana operations in 2013 as part of its commitments to the West African nation’s Jubilee oil field and other projects, the firm’s CEO said on Tuesday. “This covers our commitment to the rest of the Jubilee development and also the…
Ghana produces record 4.2 million ounces of gold in 2012
Ghana produced 4.2 million ounces of gold, last year 2012 highest in the history of the country, Assistant Manager in charge of Financial Analysis at the Minerals Commission, Daniel E.K Krampah has disclosed. The figure, he said, represented an increase of 17 per cent of the 2011 output, which was…
Tullow anticipates bigger finds in offshore West Africa
Tullow Oil Plc is optimistic it will make major discoveries off the shores of West Africa after announcing pockets of oil find in those waters last year. The company’s biggest find to date has been the Jubilee Field in Ghana, which was discovered in 2007 and is estimated to hold…
UK firm to drill oil well offshore Accra
Australian-based Tap Oil says April 8, 2013 it has awarded the Accra Joint Venture Drilling Rig Services contract to Stena Drilling, a UK firm based in Aberdeen. Stena is to drill the Starfish-1 well located at the offshore Accra Contract. “The Starfish-1 well will be drilled by the Stena DrillMAX,…
Striking Gold Fields Ghana miners to resume work
Reuters - Striking workers at South African miner Gold Fields’ operations in Ghana are likely to resume work on Monday following the conclusion of talks between their leaders and management to resolve their grievances, a union leader said. “We had a comprehensive discussion with management and we have agreed that work should…
Ugandan Government: Investment in oil hits $17 billion
By Nicholas Bariyo, Dow Jones Newswires – KAMPALA, Uganda–Investment in oil exploration activities in Uganda’s Lake Albertine Rift basin has reached at least $1.7 billion as oil companies continue efforts to determine the exact size of the East African nation’s crude reserves, Uganda’s energy and minerals ministry said Monday. In a report,…
