Tullow Oil Company News
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UK's Tullow Oil Lifts Outlook On Higher Crude Prices, Output
Wednesday, November 08, 2017 Tullow Oil raised its production targets on Wednesday thanks to higher output from its flagship West African fields.
Tullow Oil Signs Exploration Contracts Offshore Ivory Coast
Wednesday, October 11, 2017 Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million.
Britain's Tullow Launches Oil, Gas Exploration In Zambia
Friday, August 11, 2017 Tullow Oil starts exploring for oil and gas in Zambia.
European Oil Producers' Weak Hedging Shows Bet on Price Rebound
Monday, July 31, 2017 Europe's smaller oil producers are more optimistic about the market than they have been for the past couple of years as a significant reduction in hedging shows they are betting on higher prices.
Tullow Plans More Ghana Wells Once Maritime-Border Spat Settled
Wednesday, July 26, 2017 Tullow Oil plans to drill more wells off Ghana once a ruling on a border dispute is out of the way.
Tullow Says Promoting CEO To Chairman Best For Company
Wednesday, April 26, 2017 Tullow proposes to appoint its outgoing CEO as chairman.
Tullow Falls To Third Annual Loss On More Exploration Write-Offs
Wednesday, February 08, 2017 Tullow Oil misses forecasts to fall to a 3rd consecutive annual loss as it writes off more of its Africa-focused exploration business, sending its shares lower.
Tullow Finds Oil in Kenyan Erut-1 Well
Tuesday, January 17, 2017 Tullow Oil plc announces that the Erut-1 well in Block 13T, Northern Kenya, has discovered oil.
Tullow's Founder Heavey to Step Down as CEO
Wednesday, January 11, 2017 Tullow Oil plc's chief executive officer and founder, Aidan Heavey, will step down as the company's CEO.
Total's Uganda Expansion 'Significantly De-risks' Project Sanction
Tuesday, January 10, 2017 Total's decision to increase its stake in Uganda's Lake Albert oil development significantly de-risks the project's sanctioning, analysts at investment bank Jefferies said.
AkerBP, Cairn Energy Make Jefferies Top Pick List
Monday, January 09, 2017 AkerBP ASA and Cairn Energy plc have made investment bank Jefferies' 'top pick' list, while Genel Energy plc and Tullow Oil plc have been given an 'underperform' rating by the firm.
Tullow CFO Takes Medical Leave of Absence
Thursday, January 05, 2017 Tullow Oil plc's Chief Financial Officer, Ian Springett, is taking an extended leave of absence from the company in order to undergo treatment for a medical condition.
Analysts: Production Ramp-Up at TEN Crucial for Tullow
Wednesday, December 07, 2016 Production ramp-up of the TEN field offshore Ghana is crucial for Tullow Oil plc to maintain continued bank support ahead of a final investment decision on a new project in Uganda, say analysts.
Centrica: Oda Field to see $634M Investment, Will Create 5,500 Jobs
Wednesday, November 30, 2016 Centrica plc, along with its license partners, has pledged to invest $634 million for the development to the Oda field, which it says will generate thousands of jobs over its lifetime.
UK Says East Africa Holds Huge Opportunities, Govt Well Placed to Help
Thursday, November 17, 2016 The UK government has stated that it is well placed to help the East African oil and gas industry, which it described as holding huge opportunities.
Africa Oil, Partners To Begin Drilling New Kenya Wells In Dec
Tuesday, November 15, 2016 Africa Oil and its partners in Kenya will drill up to 8 exploration and appraisal wells starting from December to boost proven resources.
Tullow Cuts FY Capital Budget, West African Production Forecast
Wednesday, November 09, 2016 Tullow Oil Plc slashes full-year spending budget and lowers the forecast for its oil production in West Africa, as it seeks to weather an oil price slump.
Tullow Oil Says To Restart Kenyan Exploration And Appraisal Next Month
Tuesday, November 01, 2016 Tullow Oil will restart exploration and appraisal drilling at Kenya's prolific South Lokichar field next month where it saw an upside potential of over 1 billion barrels of recoverable oil.
Tullow Oil Confirms Turret Bearing Cover
Friday, September 23, 2016 Tullow Oil plc states that hull and machinery insurance cover has been confirmed for the FPSO Kwame Nkrumah by its reinsurers, following the failure of the turret bearing earlier this year.
Tullow Oil: Discovery Made in Cara Prospect Offshore Norway
Friday, September 16, 2016 Tullow Oil Norge AS reveals that an oil and gas discovery has been made in the Cara prospect offshore Norway.
Statoil Increases NCS Equity Through Tullow Deals
Wednesday, September 07, 2016 Statoil agrees terms with Tullow Norge AS to increase its equity in four licenses on the Norwegian continental shelf (NCS), including the Wisting discovery in the Barents Sea.
Oil Companies May Spend $8B to Start Output in Uganda
Tuesday, August 30, 2016 Uganda expects three oil companies to invest $8 billion in the East African nation before they start producing crude in 2020, Energy Minister Irene Muloni says.
Tullow Oil to Sell Exploration Assets in Norway
Monday, August 22, 2016 Tullow Oil will sell its exploration and development licenses in Norway, says a company spokesperson in a statement sent to Rigzone.
Tullow Starts TEN Production Offshore Ghana
Thursday, August 18, 2016 Tullow Oil plc flows first oil from the TEN field offshore Ghana, on time and on budget, 3 years after the Plan of Development was approved by the Government of Ghana in May 2013.
Tullow Returns to Profit as Cost Cuts, Hedging Pay Off
Wednesday, July 27, 2016 Africa-focused Tullow Oil returns to profit in the first half of the year despite weaker oil prices and lower production.
Low Crude Prices Dim Hopes for Big Revenue Boost from New Ghana Oilfield
Wednesday, July 20, 2016 In the depths of Ghana's fiscal crisis in 2014 policymakers looked forward to a time when a new oil field would open to boost the economy. That time has come but there's a catch: oil prices have halved since the project started.
CNR Puts Off Planned Ivory Coast Investment Over Low Oil Prices
Tuesday, July 19, 2016 Canadian Natural Resources is postponing $300-400 million in planned investment on its Ivory Coast offshore blocks pending a rebound in crude prices, its general manager in the West African nation says.
Tullow Announces $300M Bond Offer
Wednesday, July 06, 2016 Tullow Oil plc announces the launch of an offering of $300 million of convertible bonds, due 2021, which will be used to fund capital investment in the group's assets in West and East Africa.
TEN To Start Production in Next 3-6 Weeks, Tullow 'Out of the Woods'
Thursday, June 30, 2016 The Tullow Oil plc operated Tweneboa Enyenra Ntomme (TEN) field, located offshore Ghana, is expected to start production in the next few weeks.
NPD Grants Tullow, Total Drilling Permits Offshore Norway
Wednesday, May 18, 2016 The Norwegian Petroleum Directorate grants Tullow Oil Norge AS and Total E&P Norge AS drilling permits for 2 separate wells offshore Norway.
Africa Oil Corp: Kenya Resource Base Increases
Tuesday, May 10, 2016 Estimated gross 2C unrisked resources in Kenya's South Lokichar Basin increase by 24% to 766 million barrels of oil, according to an independent assessment by DMCL.
OTC 2016: Deepwater Projects Delayed as Low Oil Prices Linger
Wednesday, May 04, 2016 E&P companies will continue to delay new deepwater projects in favor of less costly options as low oil prices linger.
Tullow Oil Cuts Deeper As Banks Agree To Amend Loan Terms
Thursday, April 28, 2016 Tullow Oil reduces its annual capital expenditure budget by another $100 million to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices.
Uganda Confirms Tanzania Oil Export Pipeline
Monday, April 25, 2016 Uganda confirms at a summit in Kampala that it will build a pipeline from Uganda to Tanzania to export its oil, rather than Kenya.
OMV Increases Production in 1Q 2016
Thursday, April 21, 2016 OMV Aktiengesellschaft's hydrocarbon production in 1Q increases by 1% over the previous quarter to 312,000 barrels of oil equivalent per day.
Tullow Kudu Stays on as JV Partner in Namibian Offshore License PEL 37
Friday, April 08, 2016 Tullow Oil's subsidiary Tullow Kudu stays on as a partner in license PEL 37 offshore Namibia.
Tullow Confirms Damage to FPSO Kwame Turret Bearing
Friday, April 08, 2016 Tullow Oil plc confirms that the turret bearing on the FPSO Kwame Nkrumah has been damaged and is no longer able to rotate as originally designed, following a technical investigation.
OMV: Wisting Central II Achieves 5,000 Bopd Flow Rate
Wednesday, April 06, 2016 The Wisting Central II horizontal appraisal well in the Barents Sea achieves flow rates of over 5,000 barrels of oil equivalent per day.
Jee Ltd Wins North Sea Decommissioning Contract with Tullow
Tuesday, April 05, 2016 Jee Ltd secures a contract from Tullow Oil to investigate the most appropriate options for decommissioning the company's Thames area assets.
Tullow Gets More Time to Decide on Participation in Namibian PEL 0037 JV
Monday, April 04, 2016 Pancontinental extends time for Tullow Oil to decide on its future participation in the Namibian PEL 0037 joint venture off West Africa.
Kenya Set for Busy Year in Oil, Gas Exploration
Friday, April 01, 2016 Rigzone takes a look at planned oil and gas exploration activity in Kenya for 2016.
Tullow Hits Oil in Kenya
Wednesday, March 16, 2016 The Cheptuket-1 well in Block 12A, Northern Kenya, has encountered "good" oil shows across an interval of almost 2,300 feet, says Tullow.
Osborne Supports Oil, Gas Industry with Tax Cuts
Wednesday, March 16, 2016 UK Chancellor of the Exchequer George Osborne announces tax cuts for the country's oil and gas industry in his Budget speech.
Tullow Declares Force Majeure on Jubilee Crude, Plans Shutdown
Monday, March 14, 2016 Tullow declares force majeure on two cargoes of Ghana's Jubilee crude oil after an issue on the Floating Production Storage and Offloading (FPSO) facility that exports the oil.
Tullow Monitoring Potential Turret Bearing Issue at Jubilee FPSO
Thursday, February 18, 2016 Tullow Oil plc is implementing additional operating procedures to monitor a turret bearing from the Jubilee Floating Production Storage and Offtake vessel (FPSO), following a recent inspection.
Statoil to Acquire 35% Stake in Block 15, Uruguay
Monday, February 15, 2016 Statoil signs a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, Uruguay.
European Energy Firms Post Billion Dollar Losses in 2015
Wednesday, February 10, 2016 Tullow Oil and Maersk Oil register billion dollar losses in 2015, amid an ever-declining low oil price.
Oil Price Will Increase in Next 'Few Months'
Monday, January 25, 2016 Oil prices will only stay at current levels for the next few months, says Stuart Amor, the ex-head of oil and gas research at financial advisory firm RFC Ambrian.
Despite Oil Glut, Tullow Launches Huge New Deepwater Production Vessel
Thursday, January 21, 2016 Tullow Oil plans to send one of the world's biggest floating deepwater oil production platforms to West Africa to pump crude for at least 20 years.
Faroe Petroleum Secures 6 New Exploration Licenses on NCS
Wednesday, January 20, 2016 Faroe Petroleum is awarded 6 new prospective exploration licenses, including 2 operatorships, under the 2015 Norwegian APA License Round on the Norwegian Continental Shelf.