Tullow Oil has recorded a loss after tax of US$101 million for the first half of 2026, slightly higher than the US$61 million loss recorded over the same period in 2025. The results were contained in the oil producer’s half-year financial report released to investors. Tullow said the loss was primarily driven by refinancing costs...
Category: Oil and Gas
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NOCAL, LADOL SIGN DEAL TO DEVELOP BUCHANAN OIL AND GAS SHOREBASE
NOCAL, LADOL SIGN DEAL TO DEVELOP BUCHANAN OIL AND GAS SHOREBASE Monrovia -Liberia, October 4, 2026. The National Oil Company of Liberia, NOCAL, has signed an agreement with Nigeria’s Lagos Deep Offshore Logistics Base, LADOL, to develop a major oil and gas logistics facility in Buchanan, Grand Bassa County. The agreement is aimed at keeping...
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Ghana’s Refining Bet Faces A Test Beyond TOR
Ghana’s renewed push to expand domestic petroleum refining is increasingly becoming a question of how the country manages risk across its entire downstream system, rather than simply how much refining capacity it can build. The reopening of the Tema Oil Refinery (TOR), plans to expand its capacity, rising output from private refining facilities and efforts...
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Tullow Arbitration Outcome Highlights Ghana’s Investment and Commercial
Tullow Arbitration Outcome Highlights Ghana’s Investment and Commercial EnvironmentThe conclusion of the arbitration between Tullow Ghana Limited and the Government of Ghana has renewed attention on Ghana’s investment environment, the protection of state revenues and the importance of credible mechanisms for resolving commercial disputes. Commenting on the outcome, Executive Director of the Africa Centre for...
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COMAC, GNFS Strengthen Collaboration on Fire Safety in Downstream Petroleum Sector
Accra, September 30, 2026 — The Chamber of Oil Marketing Companies (COMAC) has engaged the Ghana National Fire Service (GNFS) to strengthen collaboration on fire safety, emergency preparedness and risk management within Ghana’s downstream petroleum sector. The engagement focused on deepening institutional cooperation between the two organisations, including discussions on establishing a structured quarterly or...
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NPA Moves To Address Tanker Drivers’ Welfare Concerns
The National Petroleum Authority (NPA) has moved to address longstanding concerns among Ghana’s petroleum tanker drivers, following strike actions linked to poor road conditions, inadequate parking facilities and other operational challenges across the downstream petroleum supply chain. NPA Chief Executive Officer, Godwin Kudzo Tameklo, assured the Ghana National Petroleum Tankers Drivers Union (GNPTDU) that the...
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Tinubu Pledges Gas-Powered Industrial Expansion, Defends Energy Reforms in Independence Address
ABUJA, Nigeria — October 1, 2026 —- Energy Crossroad President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to using Nigeria’s natural gas resources to support industrial growth, while defending the government’s economic reforms and rejection of a return to the previous fuel-subsidy system. In his Independence Day address to Nigerians on Thursday, Tinubu said...
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Government Commissions 6,000-Metric-Tonne LPG Storage Terminal
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has joined stakeholders in the downstream petroleum sector to commission a new 6,000-metric-tonne Liquefied Petroleum Gas (LPG) Storage Terminal and witness the maiden delivery of LPG by MT Asharami Ghana. The facility is expected to increase Ghana’s national LPG storage capacity and strengthen the...
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GOIL to drill first oil well on October 22, 2026
Ghana Oil Company Limited (GOIL) is set to commence drilling its first oil well on October 22, 2026, as the company advances plans to enter Ghana’s upstream petroleum sector. Managing Director of GOIL, Edward Abambire Bawa, says preparations are at an advanced stage, with an operational simulation involving key partners and service providers scheduled ahead...
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Tullow Oil reports stronger first-half production, raises free cash flow outlook
Tullow Oil has reported stronger production and improved cash flow for the first half of 2026, supported by higher oil prices, improved operational performance and new wells in Ghana. The independent oil and gas producer said working-interest production rose to 43.7 thousand barrels of oil equivalent per day (kboepd) in the six months to June...