Posts Tagged ‘ghana’

WTI Falls on EIA Data; Ivory Coast Looking to Increase Crude Output

by Christopher Lemieuxon January 8, 2014 5:59 pm GMT
West Texas Intermediate crude was coming into today’s inventories report weakened. Traders have seen the price of crude fall from $100.50 per barrel to just below $94 per barrel just prior to the data. Crude futures continues its run lower after the Energy Information Administration (EIA) reported that inventories dropped more-than-the-expected general consensus 1.6 million […]

HRT signs Namibian farm-out

by on November 13, 2012 9:52 pm GMT
"We have received a few offers, and we have reached a commercial agreement for one of them," said Wagner Peres, chief executive of HRT America, said on a conference call according to Dow Jones. "We are making significant progress on this front."HRT has been working for months to

Guinea aims to open offshore blocks

by on October 31, 2012 5:05 pm GMT
West Africa is a mature oil province, but the discovery of oil off Ghana, which began pumping crude in 2010, has helped spur interest elsewhere in the region, Reuters reported."We are developing the new petroleum code now and plan to have it in place by June 2013," Guillaume Curtis told

UPDATE 2-S&P downgrades Argentine sovereign debt

by on October 30, 2012 10:00 pm GMT
Tue Oct 30, 2012 6:00pm EDT * S&P pushes rating deeper into junk bond territory * Appeals court ruling requires payments to holdouts* Government vows to fight judicial decision* Fitch puts foreign currency debt rating on negative watchBy Hilary BurkeBUENOS AIRES, Oct 30 (Reuters) - Argentina was hit by a sovereign credit ratings