GEORGETOWN, Guyana (CMC) — Guyana has begun commercial exploration from the Liza field offshore Guyana with President David Granger declaring December 20 as National Petroleum Day”. In a radio and television broadcast on Friday night, Granger said he had been “advised that petroleum production is about to begin — three months ahead of the original […]

Ghana signed a memorandum with China as part of its US$2 billion Sinohydro deal The year 2019 has come with its own ups and downs especially owing to the financial slope the country has experienced over the past few months. Nonetheless, economic prosperity has been the main agenda and it is aimed at lessening the […]

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad: Tullow Oil dives as CEO quits Shares in Tullow Oil ( TLW.L ) dived almost 60% on Monday after its chief executive quit, the company cut forecasts, and scrapped its dividend. Chief executive Paul McDade […]

Property prices are rising at a rate of 0.9 per cent a year, the slowest rate of increase since December 2007. Photograph: Chris Ratcliffe/Bloomberg With the theatre of Brexit on the backburner while the the UK general election played out, attention this week turned to housing. It appears as though we’ve got a collective fondness […]

1 Tony O’Reilly Jnr left Providence Resources On December 6, Providence Resources announced the resignation of long-standing chief executive Tony O’Reilly Jnr. Then, last Monday, Tullow Oil announced that its CEO Paul McDade was also leaving "with immediate effect". While the announcement from Providence was not entirely unexpected, the news from Tullow came like a […]

Managing Director of Tullow Ghana, Kweku Awotwi The Executive Vice-President of Tullow Oil plc and Managing Director of Tullow Ghana, Mr Kweku Awotwi, has expressed reservation with the government’s decision to stop taking associated gas from the Jubilee field – a situation he says has forced the operators to be reinjecting the gas into the […]

Tullow Oil has rejected suggestions that it is in financial distress a development that could open it up forceful takeover by another oil firm. Tullow has maintained its operations are profitable and will deliver at least $150 million in free cash flow in 2020. The company is also working to invest about $350 million in […]

Stocks to watch Tesco confirmed on Monday that it was considering a sale of its businesses in Thailand and Malaysia after “inbound interest”. “The evaluation of strategic options is at an early stage, no decisions concerning the future of Tesco Thailand or Malaysia have been taken, and there can be no assurance that any transaction […]

Kenya has earned its first billion shillings from oil exports from the Turkana facility. But analysts say the milestone has been overshadowed by a cloud of economic gloom. Kenya made 9 million euros from the sale of 240,000 barrels of oil produced at the Turkana oilfields, according to the National Bureau of Statistics. But the […]

(Alliance News) – Tullow Oil PLC once again on Wednesday warned production will miss targets following continued operational problems in Ghana. The firm also, alongside partner Eco Atlantic Oil & Gas PLC, has reported the presence of heavy crude oil in wells in Guyana, containing high levels of sulphur. For 2019, Chiswick, London-based oil producer […]