Tullow Sells of its stake in Orinduik licence to Eco
Tullow Oil has announced the sale of its total interest in Tullow Guyana B.V. which includes its 60% operated stake in the Orinduik licence.
Tullow
India’s ONGC Videsh, Indian Oil weigh stake in Tullow’s $3bn Kenya project
ONGC Videsh and Indian Oil Corp are in talks to acquire a stake in Tullow Oil Plc’s $3.4 billion project in Kenya, according to people with knowledge of the matter.
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.
IMF tips oil rich Guyana to be world’s fourth-largest growing economy in 2021
A global financial institution has forecasted that Guyana’s economy will be among the frontrunners for growth this year.
Energy Voice’s essential Guyana Playbook is now available
Guyana is the world’s most exciting frontier oil and gas exploration area. There’s a lot of oil, it’s good quality and it’s relatively cheap to produce. It has attracted a host of major players, including Hess, CNOOC, Total, Repsol, Qatar Petroleum, Tullow and, above all, ExxonMobil.
EV Out Loud: Austin powers back, steroids for microbes, and heartbreak in Uganda
On this week’s episode, in association with Fasken, the team looks at the return of RockRose Energy founder Andrew Austin to the North Sea fold, after he sold up his former firm for nearly £250m earlier this year.
Oil shares massacred in London as crude price war erupts, dragging down Brent
Oil shares were decimated in London this morning after a crude price war erupted between Saudi Arabia and Russia.
Exploration in 2020: Transition, what transition?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Tullow chief exec and exploration boss exit, shares nosedive
Tullow Oil chief executive Paul McDade and exploration director Angus McCoss have resigned with immediate effect as production expectations for 2020 and beyond have been slashed.
Carlyle backs Boru in Africa plunge
The Carlyle Group is backing a new sub-Saharan Africa focused company through a partnership with Aidan Heavy and Tom Hickey.
Uganda keeps oil industry hopes alive
Uganda and Tanzania are pushing ahead with their plans for the East African Crude Oil Pipeline (EACOP) despite Total’s decision to put work on hold, following the breakdown of talks on the sale of Tullow Oil’s Ugandan stakes.
Tullow makes back-to-back discoveries in Guyana
Tullow Oil said today that its Joe-1 exploration well had opened a new "upper tertiary" oil play in the Guyana basin.
Uganda’s export dream on thin ice
Preparations for the East African Crude Oil Pipeline (EACOP) have ground to a halt in Uganda following the termination of Tullow Oil’s farm-out talks.
Uganda deal falls apart for Tullow, pushes FID back
A $900 million (£740m) deal, under which Tullow Oil was to sell a major stake in its Ugandan projects to Total and CNOOC, has been scrapped as a result of wranglings with the government.
Guyana discovery drives up Tullow shares
Shares in Tullow Oil soared almost 20% yesterday after the exploration and production firm announced an oil discovery offshore Guyana.
Guyana election heightens political risk for offshore operators
Guyana is due to hold a general election later this year that could have a significant bearing on the country’s emergence as a new oil frontier.
Stena Forth booked for Guyana exploration well
Aberdeen-headquartered Stena Drilling has been booked for an exploration well on the Orinduik block offshore Guyana.
Trio of explorers aim to hit East Africa gas jackpot again
A trio of oil executives who hit the jackpot with a gas find off Mozambique have long believed they can repeat that success not far from their original discovery. Now financial backing from seasoned Africa explorer Tullow Oil Plc has given them the firepower to take another shot.
Subsea 7 takes the spoils as Tullow awards contract for Ghana project
Subsea 7 has won a contract with Tullow Ghana on the Jubilee field.
Kosmos wins £50m legal battle with Tullow Oil
UK firm Tullow Oil has lost a legal dispute with Kosmos Energy over the termination of a contract in Ghana.
Tullow Oil ordered to pay Seadrill $254m in fees
A judge has ordered Tullow Oil to pay fees amounting to $254 million to Seadrill over the termination of a contract.
Stena Drilling ship booked for Ghana job
Aberdeen-headquartered Stena Drilling has won a contract to supply one of its vessels for a project in Ghana later this year.
Tullow says North Sea well plugging ‘going to plan’
UK firm Tullow Oil said today that well plugging and abandonment operations on its remaining North Sea wells were “progressing to plan”.
Wood to provide FEED work on 550mile pipeline in Kenya
Energy services giant Wood has won a front end engineering design contract (FEED) for a 550mile pipeline in Kenya.
Ex-Amec FW chief to join Equinor board
Norwegian energy giant Equinor plans to elect two new board members at its corporate assembly meeting next month.