Tullow submit plans for 3rd offshore Ghana project
LONDON – Tullow Oil and its partners have submitted a plan of development for the Tweneboa, Enyenra, and Ntomme (TEN) fields offshore Ghana to the country’s Ministery of Energy. The development is designed to allow reserves from these fields and from nearby discoveries to tieback to an FPSO. Following the Wawa discovery…
Africa’s economic success story not “brand new” – UK Minister
The recent successes chalked by African countries in terms of the economy are not new, that’s the thoughts of UK Foreign Office Minister Mark Simmonds. According to Simmonds, over the first decade of this millennium, six of the world’s ten fastest growing economies were African. At the recently-held African Investment Summit in…
Jubilee gas to be exported to Sub-region
Ghana intends to share its gas resources with other ECOWAS countries to help address the energy challenge facing the sub-region, President John Dramani Mahama has said. In a speech read on his behalf at a three-day high level forum in Accra to deliberate on energy efficiency and sustainability in the ECOWAS…
Ghana: Five million boost for local suppliers in oil industry
Jubilee Partners, led by their operator, Tullow, have announced the successful signing of a Memorandum of Understanding (MoU) between the Ministries of Energy and Trade and Industry for the establishment of an Enterprise Development Centre in Takoradi in the Western Region of Ghana to promote and enhance local suppliers to…
Tullow refinances
LONDON (SHARECAST) -Tullow Oil, the company which has a heavy exploration programme ahead of it in Ghana, has completed a massive debt refinancing. The group has refinanced $3.5bn of Reserves Based Lend (RBL) credit facilities, replacing a previous facility which was due to expire in 2015. The $3.5bn of credit facilities are…
Kenya, Ghana tussle for more clout at Shelter Afrique
By Moses Michira, Business Daily, Kenya has set aside Sh1 billion ($12 million) to defend its stake as the largest shareholder of Shelter Afrique, the pan-African housing company, after a capital injection by oil-rich Ghana put its position at risk. The planned investment will allow Kenya to raise its stake to above…
