Tag: Sankofa Gye Nyame
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Tullow Ghana MD decries govt’s decision to ditch free Jubilee gas for take or pay Sankofa gas
Oil production in Ghana’s Jubilee fields is in grave danger after the government stopped taking associated gas from the field forcing the operators to reinject the gas into the wells of the country’s premier oil field. The lead partner of the field, Tullow, had been reinjecting the accompanying gas which comes with the oil before…
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Ghana Gas owes GNPC US$260 million for gas supplied – PIAC report
The first half year report on petroleum revenue management by the Public Interest and Accountability Committee, PIAC, has shown that Ghana Gas Company owes GNPC in excess of 260 million dollars for gas supplied. The issue, PIAC says continues to impact GNPC’s operations as well as other allocations that are to be made per law.…
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Tullow Oil posts $500m in profits for 2019 first half
Tullow Oil has announced five hundred million dollars in profits for the first half of this year [2019]. The company’s revenue also recorded 900 million dollars. Tullow is however hopeful that the figure will inch up when production levels increase to expected levels. Tullow, in its trading statement, said the increase in production in West…
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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…