Amid mounting opposition from some investors to its proposed merger with Tullow Oil, Capricorn Energy is “assessing all options to maximise value for shareholders”.
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.
As Tullow Oil works to execute its merger with Capricorn Energy, the company is focusing on growth projects.
Capricorn Energy head Simon Thomson has defended the company’s merger with Tullow Oil in an interview with the Sunday Times.
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.
Maersk Decom has confirmed it will close its doors, following the handover of its sole remaining decommissioning contract to Petrofac.
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.
Tullow Oil has chosen Petrofac to carry out well decommissioning offshore Mauritania, replacing Maersk Decom.
United Oil & Gas is replacing its CFO, David Quirke, with Peter Dunne, as of today.
Tullow Oil increased emissions in 2021 amid delays in installing gas capturing equipment offshore Ghana.
Tullow Oil has appointed Jonathan Swinney as its new CFO, joining from Enquest.
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.
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 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 (NFE) has signed a preliminary deal with Mauritania to produce LNG from the offshore.
Bosses at ADC Energy are celebrating a hat-trick of global contract extensions estimated to be worth upwards of £5 million.
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 Oil has pre-empted the sale of Occidental Petroleum’s stake in the Jubilee and TEN fields to Kosmos Energy, in Ghana.
Africa Oil Week (AOW) and African Energy Week (AEW) have gone head to head, competing for interest and delegates to come to Dubai and Cape Town respectively.
ExxonMobil has drilled the Sapote-1 well, offshore Guyana, but failed to find commercial hydrocarbons.
Tullow Oil has appointed Phuthuma Nhleko, ex-CEO of MTN Group, as its next non-executive chairman.
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.