As majors shift out of mature West African assets, new opportunities may attract large independents to enter the area.
Africa has the resources it needs to provide power for its people, but aboveground challenges must be resolved to speed the way, speakers on a PESGB / HGS Africa E&P Conference 2021 panel have said.
Tullow has hit financial goals and is looking to farm down its Kenyan operations, as it focuses further on its Ghanaian operations.
TechnipFMC has been awarded a “significant” contract for the Tullow Oil Jubilee South East development offshore Ghana.
Tullow Oil’s non-executive chair Dorothy Thompson will step down from the board, triggering a search for a replacement.
Former Tullow Oil executives have launched their Afentra venture, focused on production up and down West Africa.
Cairn Energy signed an agreement in Mauritania to operate the C7 block, the company has announced.
Tullow Oil has launched its drilling programme in Ghana, spudding a first well on the Jubilee field on April 5.
Tullow Oil has re-entered the FTSE 250 index following the cancellation of Calisen’s listing on the London Stock Exchange.
Tullow Oil has reported a post-tax loss of $1.22 billion for 2020, with production to continue sliding in 2020.
Panoro Energy has struck a deal to buy assets owned by Tullow Oil in Equatorial Guinea and Gabon for up to $180 million.
Petrofac has won its first contract for decommissioning work in Australia after building a track record in the UK.
The Guyana-Suriname basin is helping drive a “surge” of oil rig demand in South America, bucking the global trend of depressed activity, according to new analysis.
Tullow Oil has chosen Maersk Drilling to provide an ultra-deepwater drillship for work on the TEN and Jubilee fields, offshore Ghana.
Tullow Oil expects production to continue declining in 2021 as its Ghanaian assets continue to slide.
Tullow Oil and partners in Kenya have won more time to work out how to produce the South Lokichar oil.
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 Oil has completed the sale of its Ugandan assets to Total, receiving $500 million.
As an up-and-coming area for decommissioning, Africa is following developments in more mature areas, such as the North Sea.
Tullow Oil has reached a binding tax agreement with Uganda, which should allow it to close a sale to Total shortly.
Tullow Oil has completed its twice yearly redetermination of its reserve-based lending facility, with $1.8 billion of debt capacity approved by lenders.
Uganda has signed a host government agreement (HGA) with Total on the East Africa Crude Oil Pipeline (EACOP), followed by new declarations with Tanzania on the link.
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
Tullow Oil produced 77,000 barrels per day of oil in the first half, in line with expectations.
Frontier Energy has gone online with its highly regarded Africa E&P Summit, due to take place on September 16 and 17.