Tullow Oil Company News

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Tullow Terminates Maersk Drillship Contract
Wednesday, March 25, 2020This photo shows the Maersk Venturer drillship. PHOTO SOURCE: Maersk Drilling

Tullow Awards Maersk Decom Bundled Project
Friday, February 28, 2020Above is a Sept. 2019 photo of the subsea support vessel Maersk Installer during a subsea infrastructure removal, recycling and waste management project for the Thames field. PHOTO SOURCE: Maersk Decom

Deepwater Peru Well is a Dry Hole
Tuesday, February 18, 2020The Karoon-operated Marina-1 exploration well will be plugged and abandoned.

Tullow Gets Green Light on Gas-Flaring Request
Friday, February 14, 2020The permission will assist heavily indebted Tullow to support production in its offshore fields.

Tullow, Total Plan Sale of Stakes in Kenya Oil Fields
Thursday, January 23, 2020The French energy giant is seeking to sell half of its 25 percent stake in the fields.

Repsol to Abandon Offshore Guyana Well
Thursday, January 02, 2020Tullow exec says oil discovery has positive implications for Kanuku and Orinduik blocks, though.

Guyana Nears Oil and Gas Turning Point
Tuesday, October 08, 2019One of RAMPS Logistics' employees in Guyana. PHOTO SOURCE: RAMPS Logistics

Offshore Guyana Twice as Nice for Tullow
Monday, September 16, 2019Tullow and partners Total and Eco (Atlantic) have hit oil pay at Joe-1.

Total Suspends Planned $3.5B Uganda-Tanzania Pipeline
Wednesday, September 04, 2019Total SA has suspended its planned $3.5 billion crude export pipeline from Uganda to Tanzania after the collapse of a deal to buy a stake in Tullow Oil Plc's oil fields in Uganda.

Discovery Offshore Guyana Better Than Expected
Monday, August 12, 2019Tullow reported a better-than-expected start to its offshore Guyana drilling campaign.

Tullow, Partners Spud Well Offshore Guyana
Friday, July 05, 2019Tullow Guyana B.V. and partners Total E&P Guyana B.V. and Eco Atlantic Oil & Gas Ltd. have started drilling its first exploration well on the Jethro-Lobe prospect offshore Guyana.

Uganda Expects to Miss Target for First Oil
Monday, September 24, 2018Uganda said it expects to miss its 2020 target for the East African nation's first crude production.

Offshore Namibia Dud Dims Outlook for New Play
Monday, September 24, 2018Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's attracted renewed interest amid oil's recovery.

Total Joins Tullow-operated Block Offshore Guyana
Thursday, September 13, 2018Total has exercised its option to acquire a 25% working interest in the Orinduik Block offshore Guyana.

Tullow Oil Plans To Drill First Guyana Well In Third Quarter Of 2019
Wednesday, September 05, 2018Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year.

Tullow Shuts Down Kenyan Oilfield Operations Due To Unrest
Wednesday, July 25, 2018Tullow Oil has stopped work at its Kenyan oilfields and halted trucking operations after protests.

Tullow Oil To Shoulder Kosmos' $65MM Burden Over Ghana Rig Dispute
Wednesday, July 18, 2018Tullow Oil has to cover nearly $65 million of costs linked to a canceled rig contract in Ghana.

Tullow Oil Picks Australia's Worley Parsons For Kenya Contract
Tuesday, May 29, 2018Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs.

China's Cnooc Sees Likely Start of Uganda Oil Field in 2021
Thursday, May 24, 2018Cnooc says production at Kingfisher field will probably start in 2021.

Peru President Cancels London-Based Tullow's Offshore Oil Contracts
Wednesday, May 23, 2018The government of Peruvian President Martin Vizcarra cancels five offshore oil contracts.

Production Vessel at Ghana's Jubilee Oilfield to Shut Temporarily
Monday, May 21, 2018The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said.

UK's Tullow Oil Names New Head Of Ghana Operations
Thursday, February 15, 2018Tullow Oil names new lead for its Ghana operations.

Ivory Coast Awards Tullow Two New Oil and Gas Blocks
Wednesday, January 17, 2018Africa-focused Tullow now holds stakes in nine Ivorian blocks.

UK's Tullow Oil Lifts Outlook On Higher Crude Prices, Output
Wednesday, November 08, 2017Tullow 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, 2017Tullow 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, 2017Tullow Oil starts exploring for oil and gas in Zambia.

European Oil Producers' Weak Hedging Shows Bet on Price Rebound
Monday, July 31, 2017Europe'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, 2017Tullow 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, 2017Tullow proposes to appoint its outgoing CEO as chairman.

Tullow Falls To Third Annual Loss On More Exploration Write-Offs
Wednesday, February 08, 2017Tullow 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, 2017Tullow 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, 2017Tullow 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, 2017Total'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, 2017AkerBP 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, 2017Tullow 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, 2016Production 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, 2016Centrica 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, 2016The 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, 2016Africa 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, 2016Tullow 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, 2016Tullow 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, 2016Tullow 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, 2016Tullow 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, 2016Statoil 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, 2016Uganda 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, 2016Tullow 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, 2016Tullow 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, 2016Africa-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, 2016In 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, 2016Canadian 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.