Low-Cost Oil And Gas May Make U.S. ”Energy Dominant”

The United States is set to become “energy dominant”, boosted to prominence by its low-cost oil and gas supplies as global prices rise in the future, Bank of America said in a presentation on Wednesday. The shift to renewables will inevitably hike prices for fossil fuels and will keep them volatile—particularly in Asia and Europe. […]

Here’s why oil blocks 5 and 6 were reserved for direct negotiations ?

Director of Petroleum at the Ministry of Energy, Benjamin Kwame Asante, has disclosed why blocks 5 and 6 of Ghana’s oil were reserved for direct negotiations and not open for licensing round.According to him, these blocks are in deep water hence, requires people who have experience in deepwater exploration to negotiate for its bidding.He furthered […]

Kosmos Energy makes progress in oil production amidst coronavirus

Kosmos Energy is a major player in Ghana oil production ecosystem. Mr Joe Mensah, Senior Vice President and Head of Ghana Business Unit, Kosmos Energy, says the deep-water oil and gas exploration and productioncompany made a steady leap in production despite the effects of the COVID-19 pandemic. The Senior Vice President, speaking in an interview […]

Kosmos Energy commissions 3 hunger relief projects

Kosmos Energy has commissioned three hunger relief projects to enhance food security and to improve income generation for two institutions.   The beneficiary institutions are the James Camp Prison and Senior Correctional Centre in Accra and the Light Outreach Foundation. The immediate objective is to give the inmates and prison officers entrepreneurial skills that could […]

First locally owned vessel for the oil sector unveiled in Takoradi

The first Ghanaian-owned vessel known as the MV Flat Confidence for the oil sector has been unveiled in Takoradi.
Owned by FlatC Marine Offshore Limited, the 71-meter long and 19-meter-wide vessel will provide hold back support during oil export operations at
the CALM Buoy and deck cargo supply services to both of Tullow’s FPSOs – Kwame Nkrumah and John Evans Atta Mills.