Tag: Tullow Oil plc
-
Tullow completes pre-emption of Deep Water Tano component of Kosmos Energy
Tullow Oil plc says it has completed the pre-emption related to the sale of Occidental Petroleum’s interests in the Jubilee and TEN fields in Ghana to Kosmos Energy. The cash consideration paid on completion was US$118 million, reflecting closing adjustments, and was funded from cash on the balance sheet. This transaction takes Tullow’s equity interests…
-
Lack of investment at oil fields limiting oil production – CEO of Tullow
The Chief Executive Officer of Tullow Oil PLC, Rahul Dhir, has lamented the lack of investments in the oil industry. According to him, this is limiting the production of oil at the Jubilee and TEN oil fields. In an interaction with the media, he stated that: “Because of a lot of focus on climate change…
-
Tullow Oil Plc commends resilience of Ghana’s operations despite difficult times
CEO of Tullow Oil Plc Rahul Dhir has cited governments’ effective handling of the COVID-19 pandemic as a contributory factor to the impressive performance of its Ghana operations. Despite recording a $1.3 billion dollar loss after tax for the first six months of 2020, Ghana saw the strongest performance in the entire group producing an…
-
Making up for oil revenue shortfall a huge task for Ghana – Kweku Awotwi
Outgoing Managing Director of Tullow Ghana and Executive Vice President of Tullow Oil plc., Kweku Awotwi, says government would have to work really hard to make up for the revenue shortfalls created by fallen crude oil prices. The outbreak of the novel coronavirus has led to a limited demand for crude globally. As a result,…
-
My time with Tullow was short, but I made some key inputs – Kweku Awotwi
Outgoing Managing Director of Tullow Ghana and Executive Vice President of Tullow Oil plc, Kweku Awotwi, says although his time with the oil giant was relatively short compared to his previous roles in the mining and energy sectors, he has made some vital contribution to the organization. Mr. Awotwi, who’s due to retire in September…
-
Tullow Oil plc appoints Rahul Dhir as new CEO
Tullow Oil plc (Tullow), has announced the appointment of Rahul Dhir as Chief Executive Officer and an Executive Director of the Group. Rahul will take up his appointment from 1 July 2020 and Dorothy Thompson, currently Executive Chair of Tullow, will return to her position as Non-Executive Chair after a limited period of handover. Rahul…