Kosmos Energy has acquired additional 18 percent interest in the Jubilee field and 11 percent interest in the TEN fields in Ghana from Occidental Petroleum (“OXY”) for a purchase price of US$550 million.
The transaction increases Kosmos’ interests in Jubilee to 42.1 percent and in TEN to 28.1 percent, and...
The Ghana National Petroleum Corporation (GNPC) has indicated it will explore all avenues to retrieve the US$50million it advanced to the Ministry of Finance (MoF) in 2014, the Public Interest and Accountability Committee (PIAC) report has revealed.
The US$50million was advanced to the Ministry of Finance for construction of Western...
8 drivers on the ran
Says fuel safety is assured
Another truck carrying adulterated petroleum product has been intercepted by the Bulk Oil Storage and Transportation Company Limited (BOST) at its Kumasi depot, after eight others were also detected earlier.
The adulterated product was detected during pre-discharge testing, BOST said...
COCOBOD has announced that it has received commitment from its trade partners to pay the US$400 Living Income Differential (LID) to farmers for the 2021/2022 cocoa crop season.
The LID was an initiative pushed by Ghana and La Cote d’Ivoire to set aside a fixed amount of US$400 solely for...
Fourteen management executives of the state-owned Tema Oil Refinery (TOR) have been interdicted for smuggling petroleum products worth over US$14million in the past nine years.
A three-member Interim Management Committee (IMC), chaired by Ing. Nobert Cormla-Djamposu Aku, uncovered the massive smuggling at the state oil refinery - spanning from 2012...
The Chief Executive Officer of Tullow Oil Plc, Rahul Dhir, has said that Tullow’s renewed Corporate Strategy and purpose is to build a better future through responsible oil and gas development that creates value for host nations, investors, staff and communities. Mr. Rahul Dhir disclosed this when he led...
Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met last Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X.
As previously reported, Eni in September announced the major oil discovery in block CI-101, in what was the company's...
COCOBOD, from October, 2022 will begin the issuance of electronic cash to farmers for all cocoa purchases, Deputy Chief Executive Officer of COCOBOD, Dr. Emmanuel Opoku has said.
Currently, COCOBOD buys all cocoa with physical cash from farmers across the country, but the trend of paying hard cash to farmers...
-as it commissions a rehab center for PWDs
The AngloGold Ashanti – Obuasi Mine working in partnership with the Obuasi Municipal Assembly, has built and commissioned a rehabilitation and training center for Persons with Disability (PWDs), at a cost of GH₵664,000, in Obuasi.
The fully furnished facility is expected to help...
…. signs US$1.5bn financial agreement with 28 banks
The Ghana Cocoa Board (COCOBOD) has signed a US$1.5billion financial agreement with a consortium of foreign and local banks to finance the purchase of cocoa beans for the 2021/2022 crop season.
This season’s financial agreement is an increase of US$200million compared to the...