Russians join the oil race in Ghana

Russian oil giant LUKoil and U.S. explorer Vanco Energy may spend as much as $60 million drilling off Ghana next year, even as LUKoil delays international projects elsewhere.

Russian oil giant LUKoil and U.S. explorer Vanco Energy may spend as much as $60 million drilling off Ghana next year, even as LUKoil delays international projects elsewhere. The Aban Abraham vessel is "conducting sea trials" after being fitted for deepwater drilling at Singapore's Sembawang port, Vanco's Vice President Jeffrey Mitchell said Monday.