Oil prices pared gains after earlier hitting 18-month highs yesterday, the first trading day of 2017.
Oil stocks were among the biggest risers on the FTSE 100 on Monday after non-Opec producers agreed to curb production to help buoy floundering crude prices.
Output from Ugandan crude deposits being developed by companies including Tullow Oil Plc and Total SA is unlikely to be exported as soon as the nation expects because of the scale of the infrastructure projects required to transport the fuel out of the country.
Tullow Oil today said it expects to exit the year with $4.9billion of debt.
Tullow Oil said it has successfully completed the six-monthly redetermination of its Reserve Based Lend (RBL) facility.
Aberdeen-based asset manager Arnlea Systems has won a deal to carry out inspection services for an African-focused oil and gas operator.
Tullow Oil Plc’s Kenyan unit said it’s seeking trucking companies to transport crude from northwestern fields to the port city of Mombasa as the East African nation rushes to export its first oil by mid-2017.
Tullow Oil said it has received confirmation from its insurers that they accept a recoverable claims for the Jubilee turret.
Dublin-based oil and gas explorer Providence Resources today revealed a shuffle of its board.
Energy services firm Petrofac said today it had saved Tullow Oil $2.5million on a well decommissioning job in the southern North Sea.
Tullow Oil said it has received insurance cover for its floating, production, storage and offloading vessel (FPSO) Kwame Nkrumah.
Oil and gas have been struck at the Engie-operated Cara well in the Norwegian North Sea.
Tullow Oil is said to be looking to exit the Norwegian Continental Shelf.
Tullow Oil is pulling the plug on its Norwegian operations in light of “on-going challenges presented by a low oil price”.
Tullow Oil's plans to go for gold near Statoil's mammoth Johan Sverdrup discovery have come up dry.
Tullow's latest wildcat has failed to yield a return.
Shares in Tullow Oil slumped over 12% yesterday after it revealed plans to raise $300million (£232million) in fresh bond debt.
Tullow Oil said it has launched an offering of $300million of convertible bonds.
US explorers aren’t the only ones idling rigs as sub-$50 crude forces oil and gas drillers in Africa to slow their search for new reserves.
Tullow Oil said its TEN Project is on target for first oil in July and is now over 90% complete.
DeepOcean Ghana said it has won a three-year contract from Tullow for one of its light construction vessels.
Jee Limited has been asked by Tullow Oil to review the company’s approach in their decommissioning programmes for a number of assets in the Southern North Sea.
Tullow Oil has said the Wisting asset offers valuable development potential following a successful well appraisal in the Barents Sea.
Sterling Energy today confirmed it had completed its withdrawal from the block C-3 located offshore the Islamic Republic of Mauritania.
Tullow Oil shares slumped by over 11% yesterday after it revealed potential issues with its FPSO in Ghana.