Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Tullow Group plans lay off action

TULLOWThe Tullow Group says it is expecting to lay-off some workers due to the current challenges in the global oil and gas industry.

“Some redundancies are expected throughout the Tullow Group, including Ghana. The extent of redundancies and organisational changes will be determined on case by case basis and may therefore differ from one Tullow operation to the next,” a statement from the company said.

The statement added that the company is taking this decision due to low crude oil prices and high industry costs; it is incumbent on Tullow as a prudent and responsible operator to undertake a global review of its operation to ensure business efficiency and cost reduction.

The statement added that all Tullow locations across the world are undertaking an organisational review to identify opportunities to optimise synergies, achieve cost reduction and ensure improved efficiencies.

In addition, the review is being undertaken across the full spectrum of Tullow’s; including exploration, projects development, operations and staffing.

The company has therefore confirmed that it has begun a period of consultation with its employees as part of the group-wide programme to increase efficiency and reduce costs.

Notwithstanding these circumstances, Tullow says it remains committed to its stated goals of local content and localisation in Tullow Ghana.

It will continue to invest in building the capacity of Ghanaians to perform highly skilled roles in every aspect of Ghana’s fast-growing oil and gas industry.

Source: B&FT

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Prof. Thomas Mba Akabzaa Chief Director of Ministry of Petroleum          …
Follow Us Online
Join the Discussions

Summary: Revenue mobilization from the oil sector for Agricultural production in Ghana, a myth or reality?

Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution to GDP from 45% in 1992…

Responses Add your response


About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar