By Eduard Gismatullin (Bloomberg) — Tullow Oil Plc, the U.K. explorer that unlocked billions of barrels in frontiers from Uganda to French Guiana, wants to repeat those landmark finds drilling onshore East Africa as peers target natural gas offshore. With Canadian partner Africa Oil Corp., Tullow is aiming for at least 300 million barrels of...
Posts Tagged ‘ ghana oil ’
Asian refiners to cut West African crude imports by 13% in March
By Sherry Su (Bloomberg) — Asian refiners will cut their daily imports of West African crude for loading in March by 13 percent from an at least seven-month high in February, according to a survey of six traders and an analysis of loading programs obtained by Bloomberg News. A total of 62 cargoes amounting to...
Sub-Sahara Africa Stocks: Tullow Oil Ghana, UBA Nigeria move
Tullow Oil Plc (TLW GN), the Accra listing of the London- based oil company, advanced 3.2 percent to 32 cedi, the highest since Sept. 16. Oil rose after China said it would help resolve Europe’s debt crisis, easing concern that economic growth will slow and curb fuel demand.
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...
Pay outstanding electricity bills or face ejection – GAF
The Nine oil companies operating at the Takoradi Air-Force Base are to pay all outstanding electricity bills with immediate effect or face ejection from the base, the Chief of Air Staff of the Ghana Armed Forces, Air Vice-Marshal Michael Samson-Oje, has said. Air Vice-Marshal Samson Oje gave this directive in Takoradi on Tuesday at...
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...
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...
