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Eni Starts Ghana's OCTP Project Early
Eni has launched production from the integrated oi and gas development project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, the Italian…
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Tullow Expects 2H Jubilee Shutdown, incl Gas
Tullow Oil founder and CEO Aidan Heavey handed over the top job to Paul McDade on April 26 and updated markets in a trading update on the UK independent’s operations, ahead…
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Eni Awarded Cote d'Ivoire Blocks
Eni said March 22 it has obtained 90% operating stakes in two new exploration blocks 50 km offshore Cote d’Ivoire. Its partner with 10% in both will be state Petroci. …
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Ghana Contract Goes to TechnipFMC
TechnipFMC has been awarded a contract by the Eni-operated joint venture of Eni, Vitol and Ghana National Petroleum Company for the onshore part of the Offshore Cape Three Points (…
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Golar LNG Rues Ghana Project
Golar LNG February 28 reported 4Q 2016 net loss of $13.7mn, up from $23.9mn loss in 3Q. Pre-tax operating losses (Ebitda) however increased from $11.3mn in 3Q to $15.9mn in…
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Hoegh Upbeat on Need for FSRUs
Norway-based shipowner Hoegh LNG said February 28 it made a net 4Q 2016 profit of $828,000, reversing a net $33mn loss in the same 2015 quarter. It made a profit in each of the…
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Kosmos 2016 Loss Widens, Benefits Ahead
US independent Kosmos Energy reported February 27 a net loss in 4Q 2016 of $56.7mn, compared with net income in the same 2015 quarter of $24mn. Exploration expenses in 4Q 2016…
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Tullow Loses $597m, Ghana Work is Delayed
UK independent Tullow Oil reported a net 2016 loss after tax of $597mn, 42% down from its $1.04bn loss in the previous year, as it reported further delays to repairs at its…
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Ghana's New FPSO Ready to Sail
The floating production, storage and offloading (FPSO) for Ghana's Offshore Cape Three Points (OCTP) project was named in Singapore, February 3. FPSO John Agyekum Kufuor is…
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Africa Would 'Lose from US Repeal'
African governments have been urged by a Ghana-based energy think-tank to condemn any moves in the US to weaken transparency and governance in the international oil, gas and…
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Hoegh's Korean FSRU Shopping Spree
Norway-based shipowner Hoegh LNG has placed two separate orders for ships with South Korean yards in two days. It has placed a firm order January 18 with Hyundai Heavy…
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UK Lends to GE for Ghana Contract
UK Export Finance, a government agency, said January 16 it will provide $400mn of support for a GE Oil & Gas contract with Ghana's Offshore Cape Three Points project (OCTP). …
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Ghana President Nominates Energy Minister
Ghana’s new president Nana Akufo-Addo, elected last month, has named 13 ministers-designate. He also announced plans to combine the ministries of petroleum and power and…
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Tullow CEO Heavey to Step Down
Aidan Heavey is retiring as Tullow's CEO after 31 years in the job, to be replaced April 26 by Paul McDade, the firm’s chief operating officer since 2004. Heavey, who…
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Hoegh Appoints New Ops Chief
Norway-based shipowner Hoegh LNG announced a new organisational structure with effect from January 15. Its January 6 announcement includes the creation of a new…
