Tag Archive

Result of Tullow Arbitration with Kosmos

Result of Tullow Arbitration with Kosmos

July 18, 2018 No Comments

Tullow Oil plc (Group) announces that a panel of arbitrators, working under the jurisdiction of the International Chamber of Commerce, has delivered an award in favour of Kosmos Energy Ghana HC (Kosmos) in relation to its dispute with Tullow Ghana Limited (Tullow) regarding its share of the liability of costs related to the West Leo […]

High Court Judgment for Seadrill vs Tullow Ghana Ltd

High Court Judgment for Seadrill vs Tullow Ghana Ltd

July 3, 2018 No Comments

Tullow Oil plc (Group) announces that a judgment in the English Commercial Court case brought against its wholly owned subsidiary Tullow Ghana Limited (Tullow) by Seadrill Ghana Operations Limited (Seadrill) has been received today. The Hon. Mr Justice Teare has ruled that Tullow was not entitled to terminate its West Leo rig contract with Seadrill […]

Tullow Announce Trading Statement & Operational Update

Tullow Announce Trading Statement & Operational Update

June 28, 2018 No Comments

Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial half year to 30 June 2018. This is in advance of the Group’s Half Year Results, which are scheduled for release on Wednesday 25 July 2018. The information contained herein has not been […]

GE supports Ghana’s digitization drive

GE supports Ghana’s digitization drive

April 20, 2018 No Comments

GE (NYSE: GE) , the world’s premier Digital Industrial Company, recently joined a delegation to Silicon Valley led by Ghana’s Vice President, Dr. Mahamudu Bawumia, who is currently spearheading the country’s digital transformation project. The VP’s focus with this project is to accelerate the digitization of the Ghanaian economy and move Ghana beyond aid dependence. […]

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Ghana owes Nigeria $160 mln for gas

Ghana owes Nigeria $160 mln for gas

April 12, 2018 No Comments

Ghana’s government owes $160 million to N-Gas, a joint venture composed of Nigerian National Petroleum Corp., Chevron and Shell, which has been supplying gas to Ghanaian utility the Volta River Authority via the West African Gas Pipeline, Pulse Nigeria reported. Oil and Gas News Undiluted !!! “Oil is well” Disclaimer Most News articles reported on […]

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One Million Sub-Saharan Africans Moved to Europe Since 2010

One Million Sub-Saharan Africans Moved to Europe Since 2010

April 6, 2018 No Comments

International migration from countries in sub-Saharan Africa has grown dramatically over the past decade,1 including to Europe2 and the United States. Indeed, most years since 2010 have witnessed a rising inflow of sub-Saharan asylum applicants in Europe, and lawful permanent residents and refugees in the U.S. The factors pushing people to leave sub-Saharan Africa – […]

2017 Resource Governance Index

2017 Resource Governance Index

April 3, 2018 No Comments

The majority of governments inadequately govern their oil, gas and mining sectors, according to the 2017 Resource Governance Index. Sixty-six countries were found to be weak, poor or failing in their governance of extractive industries. Less than 20 percent of the 81 countries assessed achieved good or satisfactory overall ratings. Colombia’s Savings and Stabilization Fund […]

Vitol announce 2017 operational update

Vitol announce 2017 operational update

March 27, 2018 No Comments

Vitol continues to perform solidly. Overall volumes held steady at just over 7 million barrels per day and turnover rose to $181 billion on the back of an increase in the average oil price over the course of the year. Challenging market conditions required a constant focus on careful risk and margin management, though strong […]

Erin Announces Full Year and Fourth Quarter 2017 Results

Erin Announces Full Year and Fourth Quarter 2017 Results

March 19, 2018 No Comments

Erin Energy Corporation (Erin Energy or the Company) (NYSE American:ERN) (JSE:ERN) announced its unaudited financial and operational results for the year ended December 31, 2017. The Company intends to file its audited financials and Annual Report on Form 10-K for the year ended December 31, 2017 with the Securities and Exchange Commission after close of […]

Tullow Announce 2017 Full Year Results

Tullow Announce 2017 Full Year Results

March 8, 2018 No Comments

Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its full year results for the year ended 31 December 2017. 2017 Full Year Results Highlights Revenue of $1.7 billion plus lost production insurance proceeds of $162 million; gross profit of $815 million; post tax loss of $189 million after write-offs […]

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