Accra News

ExxonMobil has agreed to acquire large stake in Ghana’s Jubilee oil field from its private equity owners, paying about $4bn for one of Africa’s most potentially lucrative oil discoveries in recent years. The deal was first mooted at the end...

Tullow said it had identified a number of leads in the Guiana licence, and said the participation of Shell was an endorsement of the prospect. Shell has the option to acquire another 12% and Tullow also hopes to farm out...

Greg Dunlevy, the chief financial officer of Kosmos, confirmed the agreement. He declined to disclose the price, but a person familiar with the matter said last week that the price was $4 billion. The sale requires the approval of Ghana’s...

As promised by new coach Phillippe de Ridder, there weren’t any miracles in East Bengal’s I-League match against Lajong FC at the Barasat Stadium on Thursday. There were some surprises though, like in-form Abel Hammond sitting on the bench or...

The Black Satellites and their Nigerian counterparts have both been runners-up twice, but no African team has ever gone on to win the event. Ghana coach Sellas Tetteh firmly believes it is time for that to change. "Africa will win...

Exxon Mobil Corp. has agreed to buy a $4 billion stake in an oil field off the coast of Ghana, according to people involved in the deal, as the global energy giant seeks a foothold in a major new oil-producing...

The report, seen by the BBC, said Ghana Telecom (GT) was sold to the UK-based company for less than it was worth. It said the sale of GT had been "unconstitutional" and "illegal". But the communications minister said the committee...

00 AM MDT Kosmos Energy, the U.S. oil explorer backed by Blackstone Group, and Warburg Pincus, said it has a binding agreement to sell its Ghana assets to Exxon Mobil. The deal is exclusive, said Kosmos chief financial officer Greg...

World Cup qualifiers Ghana fought back twice to draw 2-2 with Mali Sunday in the last Africa group game for the 2010 tournament in South Africa. Lassana Fane and Tenema Ndiaye were on target for the understrength visitors, who were...

Western region Superintendent Victor Agbetornyo said Thursday that police are trying to identify the dead. He says the victims were prospecting in an illegal gold mine in the town of Dompoase when it collapsed on Tuesday. Police did now know...