Financials and Investment News in Ghana

Kosmos Energy Announces Pricing of $400M of Senior Notes
10/22/2021 - Kosmos Energy Ltd. announced the pricing of $400 million aggregate principal amount of its 7.750% senior notes due 2027. The offering is expected to close on October 26, 2021, subject to customary clo...
Clontarf Announces Interim Statement for the period ended 30 June 2021
9/15/2021 - Clontarf Energy, the energy company focused on Africa and Bolivia, announces its unaudited financial results for the six months ended 30 June 2021:

The principal activities during this pe...
Court Rules 30% of Eni Ghana Oilfield Revenue to Go into Escrow
6/29/2021 - A commercial court in Ghana on Friday ordered that 30% of revenues from an Eni-operated oilfield be placed in an escrow account, granting a request by the local operator of an adjacent field over Eni’...
Kosmos Successfully Completes Reserve Based Lending Facility Amendment
5/10/2021 - Kosmos Energy has successfully completed the amendment and extension of its reserve based lending (“RBL”) facility.

As part of the amendme...
Kosmos Completes Reserve Based Lending Facility
10/13/2020 - Kosmos Energy has successfully completed the re-determination of its reserve based lending credit facility (“RBL”).

During the September re-determination, the Company’s lending syndicate ap...
Yinson Completes $800m Refinancing Deal for FPSO John Agyekum Kufuor
Yinson Completes $800m Refinancing Deal for FPSO John Agyekum Kufuor 4/15/2020 - YINSON HOLDINGS BERHAD completed a USD800 million refinancing exercise for FPSO John Agyekum Kufuor (JAK), with the loan successfully drawn down on 14 April. The project kicked off five months ago in ...
YINSON Raises $800M Through Refinancing Deal for FPSO John Agyekum Kufuor
11/19/2019 - YINSON HOLDINGS BERHAD recently sealed a USD800 million refinancing agreement with 13 local and global banks to refinance FPSO John Agyekum Kufuor, Yinson’s vessel which is currently operating in OCTP...
Aker Energy Announces $4.5m Capacity Building Support in Ghana
4/9/2019 - Aker Energy, operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, has pledged $4.5 million in support for the Accelerated Oil and Gas Capacity-Building (AOGC) programme in Ghana. The prog...
Kosmos Refinances Its $1.5 Billion Reserve Based Lending Facility
2/6/2018 - Kosmos Energy has refinanced its reserve based lending (RBL) facility. The RBL facility, which previously incorporated only the company’s Ghana assets, now includes the recently acquired producing ass...
UKEF Supports GE Oil & Gas Contract with $400 Million
1/16/2017 - UK Export Finance (UKEF) has announced that it will provide US$400 million in support for a GE Oil & Gas contract with Ghana's Offshore Cape Three Points Project. ...
IFC Commits $517m to Support Ghana’s Sankofa Gas Project
12/15/2016 - IFC and MIGA, members of the World Bank Group, today announced the commitment of $517 million in debt and guarantees to support Ghana’s Sankofa Gas Project, an integrated offshore oil and natural gas ...
Tullow Oil Announces RBL Redetermination & Financing Update
10/28/2016 - Tullow Oil plc (Tullow) is pleased to announce the successful completion of the six-monthly redetermination of its Reserve Based Lend (RBL) facility. The debt capacity generated by the asset base rema...
GNPC Secures $500 Million Funds for Sankofa Gas
10/5/2016 - The banks said that the facility will guarantee GNPC’s payment obligations to energy companies Vitol and ENI related to the sale of gas to be extracted from the Sankofa field, off the coast of Ghana, ...
Tullow Cuts Deeper as Banks Agree to Amend Loan Terms
4/28/2016 - Oil and gas producer Tullow Oil has reduced its annual capital expenditure budget by another $100 million to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices....
Ghana Resolves Dispute with Nigeria over Unpaid Gas Bill
10/20/2015 - Ghana's government said it will pay a Nigerian gas consortium $170 million it owes by February, apparently resolving a dispute that led the consortium to threaten to cut its supply. Ghana's state powe...
IFC & Quantum Oil Terminal to Increase Petroleum Storage Capacity in Ghana
6/9/2015 - IFC, a member of the World Bank Group, signed an $8 million loan agreement with Quantum Oil Terminal Limited, a leading player in the oil and gas sector in Ghana. ...
Kosmos Energy Announces Redetermination of Borrowing Base
3/31/2015 - Kosmos Energy Ltd. (Kosmos) announced that the borrowing base under its reserves-based lending facility has remained unchanged at $1.5 billion following its lenders’ semi-annual redetermination proces...
PetroSA Ghana Secures $150 Million Credit Facility
3/5/2015 - PetroSA Ghana, a subsidiary of PetroSA, South Africa’s National Oil Company, has secured a seven year US$150 million reserve based lending credit facility, which will be used to refinance existing loa...
Kosmos Energy Provides Operational & Financial Update
7/7/2014 - Kosmos Energy Ltd. (Kosmos) provided an operational and financial update in advance of releasing its second quarter 2014 results. ...
WB Helps Build Strong Public Oversight of Production in Jubilee Field
6/27/2014 - The World Bank Board of Executive Directors has approved additional financing of US$19.80 million to support the development of Ghana’s rich oil and gas reserves. This brings the total support to US$ ...

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