KAMPALA, UGANDA – After successfully listing on the Ghana Stock Exchange, Oil explorer Tullow is set to list on the Uganda Securities Exchange (USE). According to Mr. Jimmy Kiberu, the Corporate Affairs Manager at Tullow Uganda, the process of registering on the Uganda bourse commenced in the first part of 2010 – 2011. “It (Floating...
Cultural Impact
The impact of oil production on the culture of Ghana
Tullow Oil reiterates focus on local content development
Jubilee Partner, Tullow Oil Ghana says local content build-up is at the heart of its oil and gas operations because of the commercial advantages. Communications Manager, Gayheart Mensah says local capacity building and capability development helps to ease access to local raw materials for the company whilst creating shared prosperity in the country. This he...
Ghana OMCs hope for full participation in oil sector
Some Oil Marketing Companies (OMCs) have said after one year of oil production in Ghana there is still no clear opportunity to fully participate in the budding industry. The companies had high hopes prior to the oil production in Ghana and the opportunity to do business in the industry. Industry players even predicted an...
Ghana seeks $741.2m investment to develop five airports
About $741.2 million is needed to develop all five of Ghana’s airports as passenger and aircraft movements grow steadily, according to Ghana Airports Company Limited (GACL) document cited by ghanabusinessnews.com. The company is looking to source the funds from both public and private sectors. The document, which gave a capital investment programme for all...
Key political risks in the Gulf of Guinea
A stretch of West Africa’s coast spanning more than a dozen countries, the Gulf of Guinea is a growing source of oil, cocoa and metals for world markets. But rising rates of piracy, drug smuggling and political uncertainty in an area ravaged by civil wars and coups have made it a challenging area for...
Bad weather forces closure of Takoradi Airport
Authorities at the Airforce Station in Takoradi have on the advice of the Ghana Metrological Agency closed down the Takoradi Airport to flights due to poor visibility as a result of severe harmattan. The closure according to operators of domestic airlines is denying them huge revenue. The Takoradi Airport, which is now one of the...
Jubilee partners launch exhibition for students
Jubilee partners, operators of the jubilee oilfields, on Thursday launched an exhibition in Kumasi to educate Senior High School (SHS) students on activities involved in the exploration, production and lifting of oil. The aim of the exhibition is to keep them adequately informed about what goes into the production of oil and the opportunities...
Financial impropriety could affect NDC in Dec elections – EIU
The financial impropriety that has rocked the government could have far-reaching consequences for the National Democratic Congress (NDC) in the December elections, the Economic Intelligence Unit (EIU) has indicated. In its February 2012 political outlook on Ghana, the EIU noted that while President John Evans Atta Mills had struggled to maintain party unity, the...
Revenue Watch invites applications for oil and gas media training programme
Revenue Watch Institute (RWI) has announced its third class for African journalists seeking new expertise in reporting on oil, gas and minerals, to be held in Kampala, Uganda, this May. The training program seeks to engender an informed, responsive media community to provide oversight of the money from these industries. The application process is open...
Ghana proposes easing of fuel price hikes
February Feb 8 (Reuters) – Ghana’s government has proposed a 20 percent reduction in fuel price hikes after labour unions threatened to go on strike, but the National Petroleum Authority has not yet signed off on the move, officials said. In December Ghana announced a cut in fuel subsidies following an increase in crude...
