Energy

Aker Energy halts Ghana oilfield devt over involvement of Russian firm

Norway's Aker Energy has put on hold its Pecan oilfield development in Ghana amid concern the project could face sanctions over the war in Ukraine due to the involvement of Russian oil firm Lukoil. Aker Energy owns 50% in the deepwater block off Ghana where the Pecan field is located, while Lukoil holds 38%, Ghana National Petroleum Corporation has 10% and Fueltrade 2%. Aker ASA Chief Executive Oeyvind Eriksen in a call with analysts Wednesday said the partners will not submit a development plan to Ghanaian authorities until the challenges have been resolved. Russia invaded Ukraine in February in what it called...
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