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”.
Rahul Dhir
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.
Tullow extends Tano Basin holding in Cote d’Ivoire
Tullow Oil has signed a licence for a new block offshore Cote d’Ivoire, adjacent to a licence it already controls.
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.
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.
Capricorn, Tullow to link up in merger of equals
Tullow Oil (LON:TLW) and Capricorn Energy (LON:CNE) have set out a plan to merge into a single London-listed African powerhouse.
Exploration is back on the menu in Africa, with big finds and strong prices
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
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.
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 tips Lake Albert for 2022 launch, exits Suriname blocks
Uganda’s Parliament may not approve the Lake Albert development until the end of the year, pushing the final investment decision (FID) into early 2022.
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.
Tullow Oil hits goals, rethinks Kenya plan
Tullow has hit financial goals and is looking to farm down its Kenyan operations, as it focuses further on its Ghanaian operations.
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.
Tullow’s non-exec chair Thompson steps down
Tullow Oil’s non-executive chair Dorothy Thompson will step down from the board, triggering a search for a replacement.
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.
Tullow wins more time in Kenya
Tullow Oil and partners in Kenya have won more time to work out how to produce the South Lokichar oil.
Tullow focuses on West African delivery
Tullow Oil is moving away from its focus on asset sales and has set out a long-term vision, under which it will generate $7 billion over the next 10 years.
Tullow completes sale to Total, exits Uganda
Tullow Oil has completed the sale of its Ugandan assets to Total, receiving $500 million.
Africa Oil, the exception
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
Tullow trims sails
Tullow Oil produced 77,000 barrels per day of oil in the first half, in line with expectations.
Tullow sharpens West Africa focus, eyes impairments
Tullow Oil produced 77,700 barrels per day in the first half of the year, while the realised oil price was $52 per barrel.