Ghana Opens The Valves On A $1 billion FPSO

  By Kwasi Kpodo (Reuters) Ghana began pumping crude from a second offshore field operated by British company Tullow Oil on Thursday, hoping the additional revenue will boost its flagging economy. The Tweneboa, Enyenra and Ntomme (TEN) field expects to average around 23,000 barrels per day (bpd) in 2016, eventually reaching 80,000 bpd along with associated … [Read more...]

Power Ship Arrives in Ghana to Help End Blackouts

By Kwasi Kpodo TEMA, Ghana, Nov 29 (Reuters) - A power-generating ship was officially welcomed at Ghana's main port on Sunday after arriving the previous day in what Power Minister Kwabena Donkor said was a bid to keep the country on track to end chronic blackouts. Power has become a political issue, and anger over the blackouts, which can last for 24 hours at a time, … [Read more...]

APM Terminals Joint Venture Seals $1.5 Billion Port Deal in Ghana

  APM Terminals, the container terminal operating unit of Maersk Group, and its partners have sealed a massive $1.5 billion investment in Ghana in what is viewed as a strong show of support for the West African nation and to Africa’s growth and development as a whole. The investment will be made by APM Terminals through Meridian Port Services, a joint … [Read more...]

Tribunal Blocks Ghana From Drilling New Wells in Disputed Seas, But “TEN” Field Development Can Move Ahead

HAMBURG, April 25 (Reuters) - An international maritime tribunal on Saturday ruled that Ghana can continue developing a $4.9 billion dollar offshore oil project in an area caught up in a border dispute with Ivory Coast but must not start new drilling. The decision is positive for the government of Ghana and for British firm Tullow, which leads a consortium developing the … [Read more...]

Tullow Oil Drops on Concerns Exploration Offshore Ghana May Be Suspended

By Paul Burkhardt (Bloomberg) -- Tullow Oil Plc, an energy producer in Africa, fell to a one-month low in London trading after saying Ghana could be ordered to suspend drilling in an area where it operates. Tullow dropped as much as 8.6 percent to 354.1 pence, the lowest intraday price since Jan. 30, and was at 361.4 pence as of 11:54 a.m. local time. Ivory Coast, … [Read more...]