Management View Andrew Inglis, Chairman & CEO, reiterated that Kosmos’ key priorities remain unchanged, focusing on growing production, reducing costs, and strengthening the balance sheet. “We’ve made important progress across all 3 of these areas this quarter.” (Chairman & CEO Andrew Inglis) At Jubilee, a new producer well came online in July, delivering around 10,000 […]
Ghana’s vast Voltaian Basin will mark a new dawn for the country’s oil and gas industry, serving as a game changer for energy security, job creation, and economic transformation, the Chief Executive Officer of the Petroleum Commission has declared. Emefa Hardcastle told the Volta Economic Forum in Ho that government is accelerating efforts to attract […]
Ghana is accelerating onshore petroleum exploration in the Voltaian Basin, encompassing eight regions of the country, in hopes of adding onshore reserves to the country’s petroleum resources.
l ExxonMobil Corp. announced third-quarter 2025 earnings of $7.5 billion, up from $7.1 billion for second-quarter 2025 but down from $8.6 billion for third-quarter 2024. Year-to-date earnings totaled $22.3 billion, down from $26.1 billion for the same period last year. Exxon noted that this drop in earnings from a year ago was primarily due to […]
On Friday reported third-quarter earnings that beat Wall Street estimates, as production in Guyana and the Permian Basin hit records despite falling oil prices. Exxon’s net income fell 12% to $7.55 billion, or $1.76 per share, compared with $8.61 billion, or $1.92 per share, in the year-ago period. Excluding one-time items, the oil major earned […]
Lukoil has accepted an offer from Switzerland’s Gunvor Group to buy its international assets through the acquisition of Lukoil International, the Russian oil company said on Thursday. The parties have agreed on key terms and Lukoil has committed not to negotiate with other potential buyers. Gunvor must obtain OFAC permission and other required licences in relevant […]
Oil prices rose modestly in early Asian trading on Monday after OPEC+ opted for a limited production increase in December and delayed further hikes in the first quarter of 2026, signalling caution amid demand uncertainty.
Italy’s Eni has signed a reconnaissance permit agreement with the Petroleum Directorate of Sierra Leone to advance offshore technical studies, the PDSL said on Friday.
The Petroleum Commission has engaged Enterprise Singapore, the government agency responsible for driving Singapore’s external economy, to explore new investment opportunities in Ghana’s upstream petroleum sector. The meeting chaired by the Acting Deputy Chief Executive Officer of the Commission, Mr. Nasir Alfa Mohammed, brought together senior officials from both organisations.
The Parliamentary Select Committee on Energy, led by its Chairman and Member of Parliament for Ho West, \xa0Emmanuel Bedzrah, has completed a working visit to Tullow Ghana’s Jubilee and TEN oil fields in the Western Region.