Rahul is currently the founder and CEO of the Africa-focused oil and gas company, Delonex Energy. The Brit comes into his new role at Tullow with a wealth of experience in the oil and gas industry. Rahul will officially kickstart his duties as CEO of Tullow from July 1, 2020, while Dorothy Thompson, currently Executive […]

Uganda’s decision not to grant Tullow Oil an approval to sell a substantial stake of its shareholding in the country’s oil fields heavily dampened the UK firm’s 2019 balance sheet, with the company quoting a historical $1.7 billion annual loss at a time when oil prices have collapsed due to the outbreak of the coronavirus […]

Nigeria to suffer $15.4bn loss, Africa’s biggest Africa’s oil producers should unfold incentives, plan for future to survive Ben Eguzozie, with agency report The African Energy Chamber (AEC) based in Johannesburg, South Africa, has come out with results of its analyses of the most vulnerable African countries in the face of oil price plunge following […]

British oil explorer Tullow Oil is locked in a vicious fight with Kenya over the London Stock Exchange-listed firm’s demand for Sh204 billion as compensation for its six-year works. FILE PHOTO | NMG British oil explorer Tullow Oil has valued its assets in the Kenyan oil project at Sh69.3 billion ahead of plans to sell […]

According to African Energy Chamber analyses, Angola, Senegal, Cameroon, Ghana, and Nigeria are among the most hard-hit amid COVID-19 pandemic and oil price plunge. Angola revises national budget and suspends CAPEX; Senegal’s first oil development faces debt arrangement challenges; Nigeria poised for a major revenue loss; Analysts predict Ghana will get half its projected revenue; […]

File photo The African Energy Chamber analyses the most vulnerable African countries amid the Covid-19 pandemic and low oil price. Angola revises national budget and suspends CAPEX; Senegal’s first oil development faces debt arrangement challenges; Nigeria poised for a major revenue loss; Analysts predict Ghana will get half its projected revenue; Cameroon can expect to […]

African oil-producing and reliant countries have been among the most hard hit by the Covid-19 pandemic and declining oil price, according to analysis by the African Energy Chamber. In particular, Senegal, Nigeria and Angola continue to face new challenges each day amid the threat of economic fallout. Angola In 2020, the Angolan government led by […]

Angola revises national budget and suspends CAPEX; Senegal’s first oil development faces debt arrangement challenges; Nigeria poised for a major revenue loss; Analysts predict Ghana will get half its projected revenue; Cameroon can expect to see a three percent drop in economic growth. African oil-producing and reliant countries have been among the most hard hit […]

African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price. Oil price crashed below $20 dollars on Monday, the lowest in 18 years. In particular, Senegal, Nigeria and Angola continue to face new challenges each day amid the threat of economic fallout. Angola In 2020, […]

Fishing canoe incursions into the country’s offshore oil fields have increased, with some fishermen mistaking the partial lockdown in Accra and Kumasi as a result of the coronavirus disease, to mean oil and gas activities on the country’s three independent oil fields are also on hold. The fishermen are also accused of transporting family and […]