Capricorn announces merger with NewMed Energy, ditching Tullow
Capricorn Energy (LON: CNE) has ditched a tie-up with Tullow Oil (LON: TLW), instead unveiling a merger with NewMed Energy (TLV: NWMD).
Tullow Oil
Africa Oil sees progress looming in Nigeria, Kenya
Africa Oil (TSX:AOI) expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
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 to face local content complaint in court
Tullow Oil has come under fire in Ghana over alleged failure to abide by local content regulations – charges the company denies.
Tullow moves to delist in Dublin
Tullow Oil has applied to cancel the listing of its ordinary shares on the Dublin market, saying the move would simplify compliance requirements.
Capricorn considers options in warning to Tullow merger plan
Amid mounting opposition from some investors to its proposed merger with Tullow Oil, Capricorn Energy is “assessing all options to maximise value for shareholders”.
Capricorn investor slates Tullow merger plan
An investor in Capricorn Energy has expressed its opposition to the company’s merger plan, describing it as one sided in favour of Tullow Oil.
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 boss defends Tullow merger plans
Capricorn Energy head Simon Thomson has defended the company’s merger with Tullow Oil in an interview with the Sunday Times.
Sobriety has the upper hand, for now, in exploration
A small group of deep-pocketed companies increasingly dominates exploration and, as yet, they are avoiding the boom-and-bust mentality of previous oil cycles.
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.
Maersk Decom to close following handover of Tullow work
Maersk Decom has confirmed it will close its doors, following the handover of its sole remaining decommissioning contract to Petrofac.
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.
Petrofac takes over from Maersk at Tullow decom work
Tullow Oil has chosen Petrofac to carry out well decommissioning offshore Mauritania, replacing Maersk Decom.
United appoints Boru’s Dunne as new CFO
United Oil & Gas is replacing its CFO, David Quirke, with Peter Dunne, as of today.
Tullow emissions rise on Ghanaian flaring
Tullow Oil increased emissions in 2021 amid delays in installing gas capturing equipment offshore Ghana.
Enquest’s Swinney jumps ship to Tullow
Tullow Oil has appointed Jonathan Swinney as its new CFO, joining from Enquest.
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.
FID at last for $10bn Lake Albert project
TotalEnergies and CNOOC Ltd have taken the final investment decision (FID) on Uganda’s Lake Albert development, finally triggering the start of work on the 240,000 barrel per day project.
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.
New Fortress Energy signs Mauritania LNG plan
New Fortress Energy (NFE) has signed a preliminary deal with Mauritania to produce LNG from the offshore.
Aberdeen firm ADC Energy bags new contracts worth more than £5m
Bosses at ADC Energy are celebrating a hat-trick of global contract extensions estimated to be worth upwards of £5 million.
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.