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.
Stena Drilling has been awarded a new contract for work in the Suriname-Guyana basin with Tullow Oil.
Tullow Oil produced 77,700 barrels per day in the first half of the year, while the realised oil price was $52 per barrel.
Tullow Oil has announced the end of its Early Oil Pilot Scheme (EOPS) in Kenya, declaring the project to be a success.
The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
CNOOC Uganda will not pre-empt the sale of Tullow Oil’s stake in Lake Albert to Total.
Tullow Oil has declared force majeure at its site in northern Kenya, putting plans to sanction the project this year in jeopardy.