Tag: FPSO
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Aker Energy to start phased development on Pecan oilfield
Oil producing company, Aker Energy has begun negotiations with the government of Ghana to commence the first phase of the development of the Pecan oil field. The company in a statement said that the move should culminate in the production of oil from Ghana’s fourth oilfield as soon as practicable. The announcement by Aker comes…
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Aker Energy to procure FPSO from Yinson Ghana
Aker has entered into a Letter of Intent (LOI) with Yinson Holdings Berhad to award a bare-boat charter and an operations and maintenance contract for a floating, production, storage and offloading (FPSO) vessel at the Pecan field, offshore Ghana. “We are continuing with our preparations for the Pecan project and awarding an LOI for the…
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Aker Energy to procure FPSO from Yinson Ghana
Aker has entered into a Letter of Intent (LOI) with Yinson Holdings Berhad to award a bare-boat charter and an operations and maintenance contract for a floating, production, storage and offloading (FPSO) vessel at the Pecan field, offshore Ghana. “We are continuing with our preparations for the Pecan project and awarding an LOI for the…
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Tullow Oil shuts down TEN FPSO for maintenance
Tullow Oil has announced a twelve day shutdown of the Floating Production Storage and Offshore (FPSO) operating on the TEN oilfields in the Western region. The exercise commenced on Monday (April 22, 2019) and it is to end on Thursday (May 2, 2019). A statement from Tullow to Citi Business News said the move is…
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Procurement delays impeding new oil explorations – GNPC CEO
The Ghana National Petroleum Corporation, GNPC, has appealed to President Akufo Addo to intervene and grant the necessary approval in the proposed oil exploration activities in the Voltaian basin. The CEO of GNPC, Dr. Kofi Koduah Sarpong explains that Ghana may miss out on potential increase in oil revenue due to increased exploration activities should…
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GNPC begins processes to relocate to Takoradi
The Ghana National Petroleum Corporation, GNPC, has disclosed it has commenced processes to relocate the company’s operations to Takoradi in the Western region. According to the CEO of the GNPC, Dr. Kofi Koduah Sarpong, the outfit is embarking on this action to bring the development associated with the oil find and its operations, closer to…
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Power cuts still on despite Energy Minister’s assurances
Consumers of electricity are still bearing the brunt of power cuts despite claims that the situation has since normalized. Power supply was cut to some parts of the Greater Accra region yesterday [Sunday]. The development is in sharp contrast with assertions by the Energy Minister, Boakye Agyarko of a stable power supply effective last Saturday…
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Tullow reduces 2017 oil output by over 5000 barrels
Tullow Oil has cut down its 2017 oil projection from Ghana’s Jubilee oilfields by 5200 barrels. The figure has dropped from 73,700 barrels in 2016 to 68,500 barrels. This was contained in the company’s 2016 financial statement released on Wednesday, February 8, 2017. Tullow’s profits however dropped by eight percent between 2015 and 2016. The…
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Ghana names 3rd FPSO after J.A. Kufuor
Ghana’s third Floating Production Storage and Offshore (FPSO) vessel has been named after Former President, John Agyekum Kufuor. A statement from the Former President’s office on Wednesday said the Former President has left to Singapore for the naming of the third FPSO in his honour. The vessel will be operating in the Offshore Cape Three Points…
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Ghana’s 3rd FPSO to arrive in March 2017 – ENI
Barring any last minute hitch, the Floating, Production, Storage, Offloading (FPSO) vessel for the Sankofa Gye Nyame Oil and Gas project, will arrive in Ghana in March 2017. This is the indication from the Managing Director of ENI Ghana, Fabio Cavanna. According to him, construction works have advanced steadily and the vessel is set to…