News
Tullow appoints Independent NED
• Mr. Roald Goethe, Tullow Oil Independent Non-Executive Director
Tullow Oil Plc has appointed oil magnate Roald Goethe as an Independent Non-Executive Director (NED) of Tullow with effect from February 24, 2023.
“Roald is a highly experienced oil and gas executive with extensive commercial knowledge of the energy industry in Africa including business development, M&A, and in oil markets, specifically hedging, financing and trading,” a Tullow statement said this week.
According to the oil company, Mr. Goethe is a long-term supporter and shareholder of Tullow, holding c.22 million shares.
“He is familiar with Tullow’s strategy and aligned with the company’s commitments as a trusted partner to its host nations in Africa,” the stement said.
Tullow said Mr. Goethe will stand for re-election to the Board at the Annual General Meeting planned in May 2023.
Mr. Phuthuma Nhleko, Chairman of Tullow Oil, said: “I am delighted to welcome Roald to the Board of Tullow.
“He has proven skills as a business builder in Africa, with valuable practical experience in country on matters such as financing, trading, and resolving complex commercial issues.
“He has an excellent understanding of Tullow’s business and vision, and he will provide a unique commercial and entrepreneurial perspective to Tullow’s Board, which will help us to pursue our long-term strategy.”
Tullow is an independent oil and gas, exploration and production group which is quoted on the London and Ghanaian stock exchanges.
News
Steps underway to repeal L.I 2462 – Prez assures
President John Dramani Mahama has assured Ghanaians that steps are underway to repeal Legislative Instrument 2462 as part of efforts to protect the country’s forests and water bodies.
During his media encounter at the Jubilee House, the president explained that the repeal will formalise the ban on mining in forest reserves and strengthen enforcement against illegal mining.
He stressed that his administration is committed to safeguarding the environment, reclaiming degraded reserves, and deploying more personnel to protect river bodies across the country.
By: Jacob Aggrey
News
9 forest reserves recovered from illegal mining – President Mahama
President John Dramani Mahama has announced the recovery of nine forest reserves from illegal mining under his government’s intensified environmental protection drive.
Addressing journalists at the Jubilee House, the president explained that hundreds of excavators, water pumps and other equipment have been seized as part of the operation, while degraded areas are being reclaimed and restored.
He reaffirmed his administration’s commitment to end mining in protected areas, deploy more personnel to safeguard river bodies and strengthen laws to secure Ghana’s natural resources for future generations.
This notwithstanding, President Mahama revealed that two of the retrieved forest reserves had gone back into the hands of illegal miners, however, adequate measures have been put in place to reclaim them.
By: Jacob Aggrey
