Tullow Oil has cut the amount it expects to produce this year, but is likely to approve the Simba development in Gabon later this year.
A global financial institution has forecasted that Guyana’s economy will be among the frontrunners for growth this year.
Guyana is the world’s most exciting frontier oil and gas exploration area. There’s a lot of oil, it’s good quality and it’s relatively cheap to produce. It has attracted a host of major players, including Hess, CNOOC, Total, Repsol, Qatar Petroleum, Tullow and, above all, ExxonMobil.
On this week’s episode, in association with Fasken, the team looks at the return of RockRose Energy founder Andrew Austin to the North Sea fold, after he sold up his former firm for nearly £250m earlier this year.
Oil shares were decimated in London this morning after a crude price war erupted between Saudi Arabia and Russia.
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Tullow Oil chief executive Paul McDade and exploration director Angus McCoss have resigned with immediate effect as production expectations for 2020 and beyond have been slashed.
The Carlyle Group is backing a new sub-Saharan Africa focused company through a partnership with Aidan Heavy and Tom Hickey.
Uganda and Tanzania are pushing ahead with their plans for the East African Crude Oil Pipeline (EACOP) despite Total’s decision to put work on hold, following the breakdown of talks on the sale of Tullow Oil’s Ugandan stakes.
Tullow Oil said today that its Joe-1 exploration well had opened a new "upper tertiary" oil play in the Guyana basin.
Preparations for the East African Crude Oil Pipeline (EACOP) have ground to a halt in Uganda following the termination of Tullow Oil’s farm-out talks.
A $900 million (£740m) deal, under which Tullow Oil was to sell a major stake in its Ugandan projects to Total and CNOOC, has been scrapped as a result of wranglings with the government.
Shares in Tullow Oil soared almost 20% yesterday after the exploration and production firm announced an oil discovery offshore Guyana.
Guyana is due to hold a general election later this year that could have a significant bearing on the country’s emergence as a new oil frontier.
Aberdeen-headquartered Stena Drilling has been booked for an exploration well on the Orinduik block offshore Guyana.
A trio of oil executives who hit the jackpot with a gas find off Mozambique have long believed they can repeat that success not far from their original discovery. Now financial backing from seasoned Africa explorer Tullow Oil Plc has given them the firepower to take another shot.
Subsea 7 has won a contract with Tullow Ghana on the Jubilee field.
UK firm Tullow Oil has lost a legal dispute with Kosmos Energy over the termination of a contract in Ghana.
A judge has ordered Tullow Oil to pay fees amounting to $254 million to Seadrill over the termination of a contract.
Aberdeen-headquartered Stena Drilling has won a contract to supply one of its vessels for a project in Ghana later this year.
UK firm Tullow Oil said today that well plugging and abandonment operations on its remaining North Sea wells were “progressing to plan”.
Energy services giant Wood has won a front end engineering design contract (FEED) for a 550mile pipeline in Kenya.
Norwegian energy giant Equinor plans to elect two new board members at its corporate assembly meeting next month.
Scotland-based Flintstone Technology has won a multi-million pound contract for work on Tullow Oil’s Jubilee FPSO in Ghana.
A pact has been signed in Aberdeen between Scotland and Ghana to take advantage of emerging oil and gas opportunities in the African country.