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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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Oil prices to begin picking up – Tullow

bycitibusinessnews
October 12, 2015
in Business, Oil And Gas, Top Stories
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The Chief Executive Officer of Tullow Oil  Aidan Heavey is projecting that oil prices will recover from the fall in the next six months.

[contextly_sidebar id=”bmp7FAe104ESXXqs8Hbc10wWanKWfndY”]According to Aidan Heavey it is in the interest of players within the oil industry to ensure that the price of the commodity on the world market is stabilized.

Global oil prices have fallen sharply over the past ten months, leading to significant revenue shortfalls in many energy exporting nations including Ghana.

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Tullow Oil plc continued operating at a loss in the first half of 2015  as weak oil prices ate into their revenue. Speaking to Citi Business News Chief Executive Officer of Tullow Oil plc Aidan Heavey was optimistic there will be a rise in the price of oil by the second quarter of 2016.

“I think I have been around a long time I have seen the oil prices go up and the same down and one thing for sure you get cyclist and so I don’t expect the oil prices to stay down much longer. I think the oil industry can cope with that, I think is in everybody’s interest to get it stabilized. Hopefully the profitability will come and that is very important for the companies and governments.”

I will expect that we may have a lower prices for the next six months but long term, I think the industry in other to be successful will see the prices rise again as we need growth to begin to go up, Chief Executive Officer of Tullow Oil plc Aidan Heavey told Citi Business News.

–

By:  Norvan Acquah – Hayford/citifmonline.com/Ghana

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