Tullow Oil has announced five hundred million dollars in profits for the first half of this year [2019]. The company’s revenue also recorded 900 million dollars. Tullow is however hopeful that the figure will inch up when production levels increase to expected levels. Tullow, in…

The works of premix cartels accounts for artificial shortages in some communities, leading to hundreds of fishermen struggling to get the product to buy. A Joy News’ Hotline Documentary, ‘Premix-Cartel’, has uncovered the underhand dealings of a cartel hoarding and trading premix at exorbitant prices….

Indigenous Ghanaian companies operating in the oil and gas sector received more than US$450 million worth of contracts for the supply of goods and services in 2018. According to a report prepared by the Finance Committee of Parliament, the Ghanaian participation in the upstream petroleum…

Lukoil has concluded an agreement with New Age M12 Holdings Limited to acquire a 25 percent interest in the Marine XII license, in the Republic of Congo, for $800 million in cash. The transaction is subject to customary conditions, including the approval by the government…

Two people died after a gasoline pipeline owned by Nigeria’s state oil company exploded in an area of Lagos, the commercial capital, the National Emergency Management Agency said. The fire, which began in the early hours of Thursday, was later contained and extinguished while the…

BOST intends to build more than 900 km of transmission network. Aligned with Ghana’s national agenda, the first phase of this build out (the Western roll-out) will be 750 km of buried pipeline from Esiama via Kumasi to Buipe and from Aboadze to Tema, supporting…