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Tag Archives: Tullow

Jubilee field to shut down twice in 2018

Boakye-Agyarko

Energy Minister, Boakye Agyarko has announced that the FPSO Kwame Nkrumah will shut down twice in 2018 to allow for some repair works on the vessel. The temporary shutdown is scheduled for January and March 2018. The repair works will be carried out on the turret bearing of the oil and gas production vessel. The Minister made the disclosure when ...

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Tullow MD urges swift end to VRA thermal asset sale

vra 2

Energy sector players want government to expedite processes in the decoupling of thermal assets management from the Volta River Authority (VRA). They argue that a further delay of the process will hamper efforts to reform the energy sector for efficiency. Deliberations are underway with relevant stakeholders over plans to limit VRA’s mandate to the management of hydro plants by selling ...

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Tullow to drill new wells by year end

Managing Director of Tullow Ghana, Charles Darku

Tullow Ghana has told Citi Business News it will by the end of this year [2017] commence the drilling of additional wells in the West Cape Three Points as part of operations of the TEN oilfields. It follows the judgement by the Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) that Ghana has not violated ...

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ITLOS to settle maritime border dispute on September 23

Ghanas-maritime-borders

The International Tribunal for the Law of the Sea (ITLOS) is to deliver its ruling on the Ghana Ivory Coast border dispute on the 23rd of September 2017. The two countries are seeking a resolution over the dispute at the International Tribunal after Ivory Coast accused Ghana of using the development of its oil industry to annex a part of ...

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ACEP opposes hedging, wants stabilization fund fortified

Benjamin Boakye - Executive Director, ACEP

The African Center for Energy Policy (ACEP) has opposed calls for Ghana to hedge its oil against global price fluctuations. According to the Executive Director of ACEP, Benjamin Boakye, the move will rather be injurious to the country’s economy in the long run. He rather advocated that the Bank of Ghana and Ministry of Finance work to develop the Stabilisation ...

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Declining oil prices will least affect Ghana – Economist

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Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by Oil Producing and Export Countries (OPEC) including Russia to cut down production due to increased supplies has resulted in a drop in prices. Contrary to the expectations of many investors in the oil and gas industry, the OPEC countries extended ...

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TEN to produce first gas mid 2017

The FPSO JEA MIlls

The TEN oilfield is expected to deliver its first gas to the Ghana Gas Company by the middle of 2017. This is the indication from Managing Director of Tullow Ghana, Charles Darku. It follows the completion of a tie in facility on the FPSO John Evans Atta Mills by the operators. This however comes later than the first quarter projection ...

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