News

Yinson Production inspires young girls to break barriers in STEM

The initiative, dubbed STEM Clinic, is designed to spark curiosity and build confidence among young learners — particularly girls. This year’s edition engaged over 500 female students from the Ahanta West Municipality in the Western Region over a two-week period, equipping them with practical scientific skills and inspiring them to envision careers in science and technology.

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Trading Giant Vitol Buys Stake In Ivory Coast Oilfield from Eni

Eni has finalized the sale of a 30% interest in Côte d’Ivoire’s Baleine offshore project to Vitol, reshaping the partnership structure of the country’s flagship oil and gas development. Following the deal, Eni retains a 47.25% stake as operator, Vitol holds 30%, and state-owned Petroci controls 22.75%.

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Kosmos Energy Enters Into Senior Secured Term Loan Facility With Shell for up to $250 Million

The Term Facility provides up to $250 million to be used for the repayment of the Company’s outstanding unsecured notes. The Term Facility is structured in two tranches, with the first tranche of $150 million to be drawn at close and used to partially redeem the Company’s outstanding 2026 unsecured notes ($250 million outstanding). A second tranche of $100 million is available for drawing until April 1, 2026. The Term Facility has an interest rate of SOFR + 3.75%, is secured against the Borrower’s assets in the Gulf of America and has a final maturity date of four years after closing.

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Tullow publishes reserves report as of 30 June 2025

Total reserves of 113.8 mmboe as of 30 June 2025 compare with total reserves of 128.5 mmboe as of 31 December 2024, both excluding Gabon. The reduction reflects 7.4 mmboe of production and revisions associated with production performance during 1H 2025 of 7.3 mmboe (Jubilee 6.3 mmboe and TEN 1.0 mmboe).

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Ghana Think Tank Proposes New Economic Model for Tema Oil Refinery

The Centre for Environmental Management and Sustainable Energy (CEMSE) on Oct. 24 proposed that TOR adopt a “tolling” system, where the refinery no longer buys crude oil directly. Instead, a private partner would supply and retain ownership of the crude, market the refined products, and pay TOR a fixed fee for its processing services.

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