Thursday, November 21, 2024
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Tullow

Tullow CEO resigns because of poor oil production from Ghana fields

CEO for Tullow Oil Plc  Paul McDade has resigned after the oil giant cut its production outlook and suspended the dividend, sending shares tumbling...

Tullow records $1.8 billion revenue in 2018

Oil Giant Tullow has revealed that it managed to rake in about $1.8 billion in terms of revenue last year slightly above the $1.72...

58 firms selected for Ghana’s maiden oil bidding round

Fifty eight firms have successfully qualified for the next round of the government of Ghana maiden bidding round for oil blocs. The bidding round committee...

Ghana-Togo Maritime boundary dispute remains unresolved

Ghana and Togo have failed to resolve an ongoing maritime boundary dispute after three consecutive round of talks. The two West African neighbours have for...

Tullow to resume payment of dividend in 2019

Oil Giant Tullow is to resume payment of dividend from next year after halting the payment in 2014. That’s the revelation from its Chief...

Tullow to drill eight new oil wells in Ghana

Oil Giant Tullow is preparing to drill eight new wells in the Ghana from next year. The company suspended its operations in Ghana's waters...

Tullow secures US$2.5 billion debt refinancing

Tullow Oil plc has announced that it has completed the refinancing of US$2.5 billion of Reserves Based Lending (“RBL”) credit facilities. The US$2.5 billion of credit facilities are split between a commercial bank facility of US$2.4 billion and an IFC facility of US$100 million. The fully committed facilities are revolving with a three-year grace period and final maturity of November 2024.

Maritime dispute between Ghana and Ivory Coast settled

Ghana on Saturday won a maritime dispute with its neighbor Ivory Coast as both countries lay claim to oil fields in the Gulf of Guinea within which they both share borders.

Tullow makes oil discovery in Kenyan well

Africa-focused oil company Tullow Oil Plc said it encountered 75 metres of net oil pay in two zones at an exploration well in Northern...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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