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...
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...
China Petroleum & Chemical Corp (Sinopec) is the latest company to express an interest in bidding for a share of Tullow Oil's Jubilee field being sold by one of its partners, Kosmos Energy. Reports suggest that Sinopec will make a...
Shares in Perseus closed up 25 cents, or 15.62 per cent, at $1.85 following an announcement of strong drilling results at its Tengrela gold project in Côte d'Ivoire, West Africa. The gold explorer's previous record share price high was $1.73...
Sources earlier in the week told Reuters that Exxon Mobil had reached a multi-billion-dollar agreement with Kosmos to buy the stake in the Jubilee field, one of the largest oil finds in West Africa in the past decade. Next Article:...
Jubilee deepwater field in Ghana, which reportedly contains up to 1.8 billion barrels of oil. BP has not yet made a final decision but has hired Goldman Sachs, the US investment bank, to advise it on a possible bid for...
The Ghana government can only be assured of continuous long term capital inflows from the Ghana Stock Exchange (GSE) for the development of the country only if the management of the economy is directed towards consistent growth as the years...
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