Glencore provides Tullow financing, at a price
Dhir said the Glencore debt and Tullow’s cash, in addition to $800mn of free cash flow from 2023 to 2025, would “allow us to fully address all outstanding 2025 notes”.
Jubilee
Tullow turns to harvest mode as Jubilee stacks up
“Our business continues to be undervalued because of the perceived debt overhang,” CEO Dhir said.
Ghana president commissions Tullow’s Jubilee extension
“This triumph augments our confidence in other prospects across the nation,” he said. He singled out the potential of further investments in Tullow’s TEN project.
Tullow targets transformation through debt payments
In Cote d’Ivoire, the independent is planning to drill an exploration well in 2024 on CI-524. The company has also secured a new licence in the country, CI-803, where it sees insights from its Tano Basin knowledge.
Kosmos looks for inflection, but TEN a drag
“With higher production and lower capital, free cash flow is expected to rise into 2024 providing multiple pathways for the company to deliver value for our shareholders.”
Former Ghana president clashes with ministry over slow oil progress
Ghanaians should treat Mahama’s suggestion “with the utmost contempt it deserves”, the statement concluded.
Ghana Gas tees up second train
Asante commented that the plant would help supply gas in a cost effective fashion, securing a “reliable supply of gas and derivatives” in Ghana and beyond.
Amid faltering TEN expansion, Tullow accelerates Jubilee SE
Tullow Oil expects to begin drilling wells on Jubilee South East this quarter, with the aim of boosting production beyond 100,000 barrels per day in 2025.
Ghana drilling to heat up, while GNPC revenue questions mount
Four companies are due to drill exploration wells in Ghana during the last quarter of this year, according to a government report. The Public Interest Accountability Committee (PIAC) also raised some concerns over tax payments by state-owned Ghana National Petroleum Corp. (GNPC).
Tullow sticks to its guns on Capricorn merger, amid Ghana drilling success
Tullow Oil remains committed to its merger with Egypt-focused Capricorn Energy, which has faced mounting headwinds.
Tullow sets focus on growth, Capricorn merger
As Tullow Oil works to execute its merger with Capricorn Energy, the company is focusing on growth projects.
Tullow takes over FPSO work, hands contract to Petrofac
Tullow Ghana (LON:TLW) has awarded a five-year operations and maintenance (O&M) contract to Petrofac Ghana (LON:PFC) on the FPSO Kwame Nkrumah.
Tullow emissions rise on Ghanaian flaring
Tullow Oil increased emissions in 2021 amid delays in installing gas capturing equipment offshore Ghana.
Tullow flexes positive plans on improved optimism
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
Kosmos juices spending on production growth plans
Kosmos Energy is scaling up spending to $700 million this year, from $460mn in 2021, on both its base producing business and its LNG project with BP.
Tullow aims for production growth in 2023
Tullow Oil’s shift to a more conservative stance is paying off, it seems, with debt down and cash flow on the rise.
Tullow pre-empts Kosmos deal off Ghana
Tullow Oil has pre-empted the sale of Occidental Petroleum’s stake in the Jubilee and TEN fields to Kosmos Energy, in Ghana.
Opportunities for new operators in West Africa
As majors shift out of mature West African assets, new opportunities may attract large independents to enter the area.
Kosmos makes Oxy move in Ghana
Kosmos Energy and Ghana National Petroleum Corp. (GNPC) have bought out Occidental Petroleum’s stake in the Jubilee and TEN fields.
Tullow output to continue decline
Tullow Oil has cut the amount it expects to produce this year, but is likely to approve the Simba development in Gabon later this year.
TechnipFMC wins ‘significant’ contract for Tullow Jubilee South East off Ghana
TechnipFMC has been awarded a “significant” contract for the Tullow Oil Jubilee South East development offshore Ghana.
Kosmos aims to drill in three countries this year
Kosmos Energy is getting back to work offshore Africa, in Ghana and with three wells planned this year for Equatorial Guinea.
Tullow begins Ghana drill programme
Tullow Oil has launched its drilling programme in Ghana, spudding a first well on the Jubilee field on April 5.
Drilling in April to turnaround Tullow’s tough times
Tullow Oil has reported a post-tax loss of $1.22 billion for 2020, with production to continue sliding in 2020.
Tullow production to fall in 2021
Tullow Oil expects production to continue declining in 2021 as its Ghanaian assets continue to slide.