Tullow is delighted on production from its Jubilee field following the recent start-up of the Jubilee South East (JSE) Project, offshore Ghana. Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the JSE wells are performing in line with expectations and have increased production rates […]

The Ghana Grid Company (GRIDCo) has announced that it is set to earn revenue for the first time since 1983, thanks to the export of power to neighbouring countries such as Togo, Benin, Cote d’Ivoire and Burkina Faso. This has come as a relief to the company, which has been struggling with late payments from […]

Tullow Oil has disclosed  that Tullow Ghana Limited (TGL) has filed requests for arbitration with the International Chamber of Commerce in London in respect of two disputed tax assessments received from the Ghana Revenue Authority (GRA). The assessments relate to the disallowance of loan interest deductions for the fiscal years 2010 – 2020 and proceeds […]

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 […]