Tullow Oil has sharply upgraded its 2026 free cash flow guidance to between US$170 million and US$250 million, supported by stronger-than-expected production from its Ghana operations, higher realised oil prices and progress in recovering receivables owed by the Government of Ghana. The London- and Ghana-listed producer said operational performance during the first half was driven...
Day: August 6, 2026
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‘Energy debt clearance claim is not true’ – Kwadwo Poku
Energy analyst Kwadwo Poku has disputed the government’s claim that it has cleared all outstanding debts in Ghana’s energy sector, insisting that available figures do not support the assertion. Speaking at an NPP policy committee press conference on August 5, Mr. Poku said the data published by the Public Utilities Regulatory Commission (PURC) contradicts the...
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S/Africa targets Dangote Refinery secondary listing after planned Nigeria IPO
The Johannesburg Stock Exchange (JSE) is courting Dangote Petroleum Refinery for a secondary listing following the company’s scheduled initial public offering (IPO) on the Nigerian Exchange (NGX) later this year. The pursuit forms a broader part of the South African bourse’s strategy to attract high-profile African corporates and expand cross-border liquidity, positioning itself as the...
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Dangote Refinery turns to Libyan crude as supply from Nigeria slows!
Dangote Refinery has continued to intensify the diversification of its crude feedstock, reducing its dependence on Nigerian grades as it ramps up imports from Libya and other African producers to sustain high operating rates. According to crude tracking data by Argus Media, domestic crude accounted for 71 percent of the refinery’s feedstock in July, down...
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GOIL Posts GH¢75.72 million Profit as Operating Cash Flow Falls 58.99%
GOIL PLC delivered a modest increase in profit during the period ended June 30, 2026, but beneath the improvement in headline earnings sits a more complicated financial picture: revenue declined, operating profit weakened, cash generated from operations fell sharply, receivables climbed above GH¢2.65 billion and the petroleum marketer continued to operate with current liabilities exceeding...