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Oil & Gas

Tullow discovers more oil at Ghana Teak-2 well

British oil producer operating in Ghana, Tullow Oil says it has found more oil at its Teak-2 exploration well offshore Ghana. The company says the Teak-2 exploration well in the West Cape Three Points licence offshore Ghana has discovered…

Ghana’s oil find boosts Togo’s offshore prospects

Ghana’s oil discovery in 2007 and its subsequent commercial production on December 15, 2010 has given hopes to the people of Togo. The people believe that Ghana's success makes Togo’s prospects of finding oil offshore bright. Togo…

Ghana to lose 3% of GDP to rising oil prices – ODI

The increasing rise in oil prices globally has the potential to negatively affect economic growth of countries in the next two years and developing nations could be hit the hardest. Ghana for instance could lose 3% of its growth, according…

BNI investigates Tema Oil Refinery case

The Bureau of National Investigations (BNI) is investigating allegations that a company paid by Tema Oil Refinery (TOR) for the supply of crude oil was not the actual supplier of the commodity. The investigation, which is at the instance…