Accra, September 26, 2017//-Ghana’s victory in the maritime boundary dispute with Cote d’Ivoire has seen Tullow plc’s share price on the London Stock Exchange reach a four-month high indicating investors excitement about the prospects of the lead operator of the Jubilee and TEN fields.
Category: Oil & Gas
ITLOS Decision Saves Ghana Billions of Dollars
Accra, September 26, 2017//-A former Attorney-General and Minister of Justice, Mrs Marietta Brew Appiah-Opong, has said Ghana’s decision to take its maritime boundary dispute with Cote d’Ivoire to the International Tribunal for the Law of the Sea (ITLOS) and the favourable outcome have saved the country billions of dollars in investment.
Ghana: Taxes Choke Fuel Prices
Accra, September 26, 2017//-The 11 different taxes on petroleum products in the country have sparked calls on the government and other stakeholders to eliminate some of them, described by a section of the motoring public as falling in the category of nuisance taxes.
Call on Ghana to Begin Negotiations with Togo on Maritime Boundary
Accra, September 25, 2017//-The former chairman of the international maritime organization’s legal committee, Dr Kofi Mbiah has called on Ghana government to urgently begin negotiations with its neighboring Togo regarding its maritime boundary.
Ghana: New Oilfield Operations Double Energy Revenues
Accra, September 25, 2017//-Increased oil production in Ghana is boosting energy sector revenues and helping shore up finances after three years of sluggish economic growth and persistent budget shortfalls.
Majority Leader: GNPC Wasting Too Much Oil Money
Ghana’s Majority leader, Osei Kyei Mensah-Bonsu has registered his displeasure with expenditures made by the Ghana National Petroleum Corporation (GNPC).
OPEC’s ‘Problem Children’ Are Holding Down Oil Prices
Rising output in strife-torn Libya and Nigeria is threatening the cartel’s bid to cut off oil supplies and balance the market September 24, 2017//-VIENNA—The Organization of the Petroleum Exporting Countries is scrambling to contain output from its strife-torn members Libya and Nigeria, where surging production could threaten to derail the oil cartel’s efforts to withhold crude […]
Maritime Boundary Ruling: Tullow to Resume TEN Oil Production
Tullow Oil plc has stated that it will work with the Ghanaian government to put in place the necessary permits to allow the restart of development drilling in the Tweneboa, Enyira and Ntome (TEN) fields in Ghana.
Ghana Wins Maritime Dispute Against Ivory Coast
September 23, 2017//-The Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) today delivered its judgement in Ghana’s favour in the maritime dispute with neighbouring Ivory Coast.
Ghana: Drivers Warned not to Increase Fares
Accra, September 22, 2017//-Ghana’s Road Transport Operators have asked transport drivers in the country not to increase their fares despite recent hikes in petroleum prices.