Kosmos plans spending boost in 2021
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Ghana
Tullow tips Maersk Drilling for Ghana return
Tullow Oil has chosen Maersk Drilling to provide an ultra-deepwater drillship for work on the TEN and Jubilee fields, offshore Ghana.
Tullow production to fall in 2021
Tullow Oil expects production to continue declining in 2021 as its Ghanaian assets continue to slide.
FRU arrives in Ghana for Tema LNG
Tema LNG's floating regasification unit (FRU) has arrived in Ghana.
Continuity and challenges for Ghana’s returning president
The election in Ghana sets the path for continuity but there are challenges ahead for the incumbent, who will continue to face difficulties in the power sector.
Rethink Africa’s energy systems to empower women
Women-led SMEs across the continent depend on reliable and affordable energy but often lose out because of grid and centralised power problems. Instead of waiting for grid power, Salma Okonkwo argues, off-grid solar projects and mini grids offer a way forward.
EAIF steps in to support Tema LNG
The Emerging Africa Infrastructure Fund (EAIF) is lending $31 million to Access LNG to support floating regasification plans in Ghana’s Tema port.
Tullow focuses on West African delivery
Tullow Oil is moving away from its focus on asset sales and has set out a long-term vision, under which it will generate $7 billion over the next 10 years.
Committee seeks forensic reports from PetroSA
South Africa’s parliamentary committee for energy has backed plans for PetroSA to overhaul its gas-to-liquids (GTL) refinery, at Mossel Bay, while also seeking insight into how problems emerged.
Eni calls for Afina proof on unitisation push
Eni has called for more clarification on Ghana’s order for unitisation of the Sankofa field with Springfield Exploration and Production’s Afina field.
Ghana orders Eni, Springfield to unitise
Ghana has ordered Eni and Springfield Exploration and Production to unitise the Afina and Sankofa fields, after the two companies failed to make progress on their own.
Kosmos scraps Mauritania, Senegal sale plans
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.
Switching to gas, Cenpower to save Ghana cash
Ghana’s Cenpower Generation has committed to switching its primary fuel consumption from light crude oil to natural gas.
Tullow trims RBL at redetermination
Tullow Oil has completed its twice yearly redetermination of its reserve-based lending facility, with $1.8 billion of debt capacity approved by lenders.
Ghana extracts better terms from Cenit
Ghana has reached an amended deal with Cenit Energy, which should save the country more than $200 million.
Tullow trims sails
Tullow Oil produced 77,000 barrels per day of oil in the first half, in line with expectations.
Frontier sets the virtual stage for Africa E&P Summit
Frontier Energy has gone online with its highly regarded Africa E&P Summit, due to take place on September 16 and 17.
Ghana enters talks with IPPs
Ghana is pushing onwards with its efforts to bring down prices paid for power.
Ghana starts work on local content policy
Ghana’s Petroleum Commission has launched a committee to draft a policy on local content in the upstream sector.
Kosmos sales slide despite hedges
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
Tullow sharpens West Africa focus, eyes impairments
Tullow Oil produced 77,700 barrels per day in the first half of the year, while the realised oil price was $52 per barrel.
Taking power to the seas with Karpowership
Countries that need power, need power now – and Karadeniz’s Powerships may just be the fastest moving answer to this particular demand.
Ghana seeks new power balance
Ghana has made considerable progress in distributing power to its citizens, but talks are under way in order to make this process more sustainable.
Aker Energy rethinks Pecan for a lower cost
Aker Energy has reiterated its commitment to Ghana’s Pecan field, although not going so far as to commit to timing on a final investment decision (FID).
African rig count plummets, while Middle East holds up
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.