How is the Covid-19 pandemic impacting investment in large-scale oil and gas developments in sub-Saharan Africa? Ian Lewis sees tough times ahead Getting upstream oil and gas projects off the ground in sub-Saharan Africa was challenging before the Covid-19 pandemic. Now the operating environment is even tougher, as the industry contends with labour restrictions, disrupted […]
Tag: tullow oil
Investing in oil: I wonder if a BP-Shell merger could be a possibility?
Oil pipes in an oil field With the crude oil price stagnating around $40 for the past few months and no solution to Covid-19 yet in sight, investing in oil is a risky business and oil companies are out of favour with investors. Premier Oil is merging with Chrysaor , and rumours abound that Tullow […]
Ghana’s Jubilee oil field reaches 300-million-barrel mark – Tullow
Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, has announced a significant milestone of 300 million barrels of oil production from the Jubilee field. A statement issued by Tullow Ghana Limited said its partners; GNPC, Kosmos, Anadarko and Petro SA, were proud to be part of Ghana’s remarkable Jubilee […]
Tough times for Africa’s upstream oil and gas
How is the Covid-19 pandemic impacting investment in large-scale oil and gas developments in sub-Saharan Africa? Ian Lewis sees tough times ahead Getting upstream oil and gas projects off the ground in sub-Saharan Africa was challenging before the Covid-19 pandemic. Now the operating environment is even tougher, as the industry contends with labour restrictions, disrupted […]
Tullow Oil’s revenue drops US$1.3 billion
In its half-year results, Tullow Oil plc has announced that it made a revenue loss of $1.3 billion for the six months ended 30 June 2020. Summary of 2020 first half result Group working interest production for the first half of 2020 averaged 77,700 bopd, in line with expectations. Revenue of $731 million; gross profit […]
Ghana’s Jubilee Field hits 300-million-barrels of oil production mark
Tullow Ghana Tullow Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, is proud to announce a significant milestone of 300 million barrels of oil production from the Jubilee field. Tullow and its partners; GNPC, Kosmos, Anadarko and Petro SA, in a statement, said they “are proud to be part […]
Ghana’s Jubilee field reaches 300 million barrel mark
Economics Jubilee field Tullow Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, has announced a significant milestone of 300 million barrels of oil production from the Jubilee field. A statement issued by Tullow Ghana Limited said its partners; GNPC, Kosmos, Anadarko and Petro SA, were proud to be part […]
Professor Ddumba Appointed on ERA Board
Former Makerere University VC Prof John Ddumba Ssentamu has been appointed board member of ERA. Cabinet sitting at State House Entebbe on Monday approved the appointment of Board members of the Electricity Regulatory Authority (ERA). The four member Board will be headed by Dr Sarah Wasagali Kanaabi as Chairperson. The other three members include former […]
Uganda-Tanzania oil pipeline threatens ‘disastrous’ environmental consequences
Oil prices have collapsed in 2020 due to the Covid-19 crisis and long-term concerns about climate change. But in some parts of the world, oil companies’ ambitions have continued unabated – with French supermajor Total, China’s CNOOC and flagging British firm Tullow Oil teaming up to plan a 1,445 km pipeline transporting oil from Uganda […]
Tullow to cut jobs in Kenya, announces Mbogo’s exit
Tullow Oil country managing director Martin Mbogo during the Tullow Oil media briefing in Nairobi on October7,2016. Tullow Oil Kenya has announced plans to cut its workforce in what it said was an effort to lower its wage bill to a more sustainable level In a statement, the firm said changes in Nairobi and the […]