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Ghana

Bboxx Acquires Solar Kit Provider PEG For $300m, Ghana

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, […]

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The Tullow Renewed Investment Interest In The Jubilee And TEN Oilfields Offshore Ghana

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 […]

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AfDB Group To Fund $27 Million Green Mini-Grids Electrification Project In Ghana

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 […]

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Tullow Sets For New Production Outlook On Jubilee, Ten Operations In 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 […]

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Tullow’s set to increase equity interests in the Jubilee and TEN fields, offshore Ghana

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 […]

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Kosmos Energy Acquires Additional Interests in Jubilee field for $550 Million, Ghana

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. […]

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Ghana seeks major participating stake in the nation upstream with $1bn Aker interest buy back

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 […]

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An economic ‘Manna’ as Eni discovered significant oil in Block 4, offshore 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. […]

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TechnipFMC secures integrated EPCI contract for Tullow’s Jubilee SE development off Ghana

TechnipFMC has been awarded a significant  integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract for the Jubilee South East development, located offshore Ghana. It will be the company’s first iEPCI™ project with Tullow Ghana. Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC’s established relationship with Tullow and covers […]

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Ghana Court compels Eni to remit 30% Sankofa revenue to escrow account

A Commercial High Court in Ghana has ruled that 30 per cent of revenues from Eni Exploration and Production Ghana Limited’s Sankofa field be placed in an interest-bearing account until the final determination of the unitisation case. Eni and Springfield must agree on the account in which the money should be placed, it said, adding […]

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