Tullow’s Dussafu back-in dispute
Tullow Oil has exercised its back-in right for a 10% stake in Gabon’s Dussafu production-sharing contract (PSC), although the amount payable is under dispute.
Tullow Oil
Tullow fails corporate governance 101
The $1.7 billion hit to Tullow Oil Plc’s market value on Monday — a 65% drop — provides a stark reminder of why bosses shouldn’t stay too long at the top. The hydrocarbon producer has been stubbornly overoptimistic about its prospects. Reality has now dawned, and it turns out the London-based group is in an extremely tight position.
Guyana investigating offshore oil leases controlled by Exxon, Tullow
Guyana’s anti-corruption agency is investigating how exploration rights were awarded in the world’s biggest new deepwater oil region, including those now controlled by Exxon Mobil Corp. and Tullow Oil Plc.
Petrofac wins £12.2m decommissioning contract with Tullow Oil
Petrofac has won a decommissioning contract worth around £12.2m with Tullow Oil.
Brexit uncertainty for Tullow’s North Sea decom plans
Tullow Oil has said a no-deal Brexit would cause “significant uncertainty” for its North Sea decommissioning programme and its workforce.
Recruiter Operam bags contract with Tullow Oil
A Cheshire-based recruitment consultant has clinched a contract to provide workforce services to Tullow Oil for five years.
Tullow Oil may ‘shutdown’ Kenyan oil due to local protests
Oil firm Tullow oil has announced that it may have to stop production from its north Kenyan oilfields is agreement cannot be reached with those in the local community.
AlMansoori supports Kenyan project after winning $15m contract
Middle East oilfield service firm AlMansoori has supported a ground-breaking project in Kenya after securing a $15 million contract with Tullow Oil.
Tullow to halt UK production in third quarter
UK firm Tullow Oil said today that it expects to halt output from its remaining producing UK fields in the third quarter of this year.
Tullow Oil appoints new chairperson
Tullow Oil said today that it had appointed a new chairperson.
United farms into Tullow’s Jamaican licence
United Oil and Gas has completed the purchase of 20% of the Walton-Morant Licence, offshore Jamaica from Tullow Oil.
Block offshore Guyana could hold 1billion barrels
Eco Atlantic Oil & Gas said today that the Orinduik block offshore Guyana could contain more than 1billion barrels of oil.
Petrofac wins multi-million dollar well operator contract
Aberdeen-headquartered firm Petrofac has today announced a significant multi-million dollar contract for the next phase of Tullow Oil’s Thames Decommissioning project.
Total snaps up two exploration licences off the coast of Guyana
French energy giant Total has confirmed the acquisition of two offshore exploration licences in Guyana’s Canje Block and Kanuku Block.
Tullow snaps up six licences off Peru
Africa and South America-focused Tullow Oil said today that it had beefed up its portfolio with six new licences off Peru.
Tullow looking to September next year for Namibia prospect
Agreement has been reached between joint venture partners to drill an exploration well on the Cormorant prospect in Namibia.
Tullow books hefty pre-tax losses due to low crude prices, impairment charges
Lower crude price forecasts and a large impairment charge on its TEN fields offshore Ghana drove UK-based Tullow Oil to pre-tax losses of £398million in the first half of 2017.
Tullow plans shutdown of Jubilee
Tullow Oil is planning for a shutdown for its flagship Jubilee development.
Tullow appoints Les Wood as finance boss
Tullow Oil's chief financial officer stepped down from the board today due to ill-health.
Tullow’s £600m rights issue goes to plan
Tullow Oil has received acceptances for 95.3% of the new shares offered in its £600million rights issue.
HALO in Tullow Oil North Sea takeover
Hague and London Oil (HALO) this morning confirmed its bid to takeover Tullow Oil's North Sea assets in the Dutch North Sea.
Tullow shares slump on news of share placing
Tullow Oil's shares slumped by about 15% in London this morning following the firm's announcement about a share placing.
Tullow hoping to raise £600m through share placing
Tullow Oil said today that it would look to raise £607million through the sale of more than 450million new shares.
Chinese to take slice of Tullow’s Uganda farm down
Chinese firm Cnooc will take a slice of the Ugandan assets Tullow Oil is selling to Total.
Tullow losses narrow in 2016 as TEN comes onstream
Africa-focused Tullow Oil was hit by a 21% slump in revenues in 2016, the year it delivered first oil from its TEN fields offshore Ghana.