Following the conclusion of negotiations for the acquisition of additional interest in the Jubilee and TEN fields from Occidental Petroleum, Kosmos Energy has lauded Ghana’s Energy Minister, Dr Matthew Opoku Prempeh, for ensuring that Ghana has a greater stake in the development of her resources
Fuel prices on the global markets have fallen sharply from over 80 dollars a barrel to about 72 dollars per barrel.
The Minister of Hydrocarbons and Energies, Franklin Molina, reported that the Upstream Reactivation Plan enables an investment of US $ 400 million in 2022, which will be used to carry out hydrocarbon exploration and exploitation projects that allow replenishing the reserves and increasing the production of gas and oil
President Joe Biden’s administration stands ready to release even more barrels of oil from its strategic reserves should the need arise again, according to the U.S. State Department’s senior advisor for global energy security.
Russia’s Deputy Prime Minister, Alexander Novak claimed that the countries oil companies are ready to raise production to pre-pandemic levels.
Oil market participants appear to agree that the price collapse on Friday was an overreaction, with the prices climbing by more than 5% on Monday morning
Executive Director for African Center for Energy Policy (ACEP), Benjamin Boakye, has predicted that Ghana’s energy-sector debt could surge to ₵7 billion by the close of the year if urgent measures are not put in place to check debt accumulation in the sector.
We wish to reiterate that, the Bulk Oil Storage and Transportation Company is set to take its central position in ensuring petroleum product availability at the right prices to drive the economy in the right direction
Director of Petroleum at the Ministry of Energy, Benjamin Kwame Asante, has said it will be wrong for government to ask GNPC Explorco to bid forthe keta basin.He explained that the direct negotiations for the Eastern basin need people who have experience in deep water and are financially capable to embark on this project. He […]
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 […]