Genser Energy has announced successful  8-year financial  funding package of USD425m. The funds, which comprise of a syndicated senior loan facility of USD325m and a USD100m mezzanine loan facility, will be used to refinance existing debt and finance the next phase of expansion projects including: __a 100km natural gas pipeline to Ghana’s second largest city, […]

The Ghana National Petroleum Corporation (GNPC) has in a letter urged Aker Energy to maintain the current schedule to ensure submission of the Plan of Development (PoD) for the Pecan field by 30 June 2022. The latest move by GNPC follows a series of failures on the part of the international oil company to meet […]

Bboxx has acquired PEG Africa, a solar home systems provider based in Accra, Ghana. This acquisition, if confirmed, marks a major step in Bboxx’s expansion in West Africa. This move is continuation of the company expansion in West Africa. The British company, which specializes in the distribution of solar home systems and clean cooking kits, […]

Kosmos Energy has announced in November 2021 that it had received notice from Tullow Oil plc and PetroSA that they intend to exercise their pre-emption rights in relation to the sale of Occidental Petroleum’s interests in the Jubilee and TEN fields in Ghana to Kosmos, announced October 13, 2021. After execution of definitive transaction documentation and […]

The African Development Fund (ADF), the concessional lending arm of the African Development Bank (AfDB) Group, is providing a $27.39 million grant to Ghana. The funding will support rural electrification through green mini-grids and stand-alone solar systems. With an electricity access rate of 73% in rural areas according to Power Africa, the government of Ghana […]

JUBILEE OILFIELD Tullow has disclosed that its Oil production from Jubilee is averaged 74.9 kbopd (net 26.6 kbopd), ahead of guidance set at the start of the year2021.Jubilee oilfield average daily production has grown from c.70 kbopd at the beginning of 2021 to exceed 90 kbopd by the end of the year, achieved through a […]

Tullow Oil plc (Tullow) has announced that it has exercised its right of pre-emption related to the sale of Occidental Petroleum’s interests in the Jubilee and TEN fields in Ghana to Kosmos Energy. Rahul Dhir, CEO of Tullow Oil, commented: “This is a value accretive, self-funded opportunity for the Group which will increase Tullow’s daily […]

Kosmos Energy has announced that it has acquired an additional 18.0% interest in the Jubilee field and an additional 11.0% interest in the TEN fields in Ghana from Occidental Petroleum (“OXY”) for a purchase price of $550 million with an effective date of April 1, 2021. Consideration due to OXY at completion was approximately $460 million after taking into account closing adjustments. […]

The Ghana energy minister Matthew Prempeh recently in a 10-page power-point presentation and a rambling thesis on ‘global energy transition’ presented to the country’s parliament seeks for parliamentary approval to borrow  the sum of $1.6bn to buy back stakes in two offshore oil licences not yet in development. The minister expressed his initiative for Ghana […]

Italian oil giant,  Eni has announced a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban – 1X well is the second well drilled in CTP Block 4, following the Akoma discovery. Preliminary estimates place the potential of the Eban–Akoma complex between 500 and 700 Mboe in place. […]