Tullow Oil Company News

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$370MM West Africa Contract Goes to Maersk Drilling
The contract secures the Maersk Venturer drillship for an estimated four years. PHOTO SOURCE: Maersk Drilling
8:00 PM EST | April 08, 2021
Tullow Exits Equatorial Guinea Licenses
Tullow has sold its assets in Equatorial Guinea to Panoro Energy.
8:00 PM EST | March 31, 2021
Offshore Ghana Campaign Goes to Maersk Drilling
The Maersk Venturer drillship, above, is presently warm-stacked in Spain. PHOTO SOURCE: Maersk Drilling
7:00 PM EST | February 04, 2021
Tullow Awards Contract for Offshore Suriname Well
Tullow Oil plc recently awarded Ramps Logistics a fully integrated contract for its upcoming drilling campaign in Block 47 offshore Suriname.
7:00 PM EST | November 11, 2020
Tullow Awards Suriname Drilling Contract
Stena Drilling has signed a new contract with Tullow Oil Suriname BV to drill one well in Block 47 offshore Suriname.
8:00 PM EST | August 31, 2020
Tullow Terminates Maersk Drillship Contract
This photo shows the Maersk Venturer drillship. PHOTO SOURCE: Maersk Drilling
8:00 PM EST | March 24, 2020
Tullow Awards Maersk Decom Bundled Project
Above 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
7:00 PM EST | February 27, 2020
Deepwater Peru Well is a Dry Hole
The Karoon-operated Marina-1 exploration well will be plugged and abandoned.
7:00 PM EST | February 17, 2020
Tullow Gets Green Light on Gas-Flaring Request
The permission will assist heavily indebted Tullow to support production in its offshore fields.
7:00 PM EST | February 13, 2020
Tullow, Total Plan Sale of Stakes in Kenya Oil Fields
The French energy giant is seeking to sell half of its 25 percent stake in the fields.
7:00 PM EST | January 22, 2020
Repsol to Abandon Offshore Guyana Well
Tullow exec says oil discovery has positive implications for Kanuku and Orinduik blocks, though.
7:00 PM EST | January 01, 2020
Guyana Nears Oil and Gas Turning Point
One of RAMPS Logistics' employees in Guyana. PHOTO SOURCE: RAMPS Logistics
8:00 PM EST | October 07, 2019
Offshore Guyana Twice as Nice for Tullow
Tullow and partners Total and Eco (Atlantic) have hit oil pay at Joe-1.
8:00 PM EST | September 15, 2019
Total Suspends Planned $3.5B Uganda-Tanzania Pipeline
Total 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.
8:00 PM EST | September 03, 2019
Discovery Offshore Guyana Better Than Expected
Tullow reported a better-than-expected start to its offshore Guyana drilling campaign.
8:00 PM EST | August 11, 2019
Tullow, Partners Spud Well Offshore Guyana
Tullow 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.
8:00 PM EST | July 04, 2019
Uganda Expects to Miss Target for First Oil
Uganda said it expects to miss its 2020 target for the East African nation's first crude production.
8:00 PM EST | September 23, 2018
Offshore Namibia Dud Dims Outlook for New Play
Tullow 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.
8:00 PM EST | September 23, 2018
Total Joins Tullow-operated Block Offshore Guyana
Total has exercised its option to acquire a 25% working interest in the Orinduik Block offshore Guyana.
8:00 PM EST | September 12, 2018
Tullow Oil Plans To Drill First Guyana Well In Third Quarter Of 2019
Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year.
8:00 PM EST | September 04, 2018
Tullow Shuts Down Kenyan Oilfield Operations Due To Unrest
Tullow Oil has stopped work at its Kenyan oilfields and halted trucking operations after protests.
8:00 PM EST | July 24, 2018
Tullow Oil To Shoulder Kosmos' $65MM Burden Over Ghana Rig Dispute
Tullow Oil has to cover nearly $65 million of costs linked to a canceled rig contract in Ghana.
8:00 PM EST | July 17, 2018
Tullow Oil Picks Australia's Worley Parsons For Kenya Contract
Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs.
8:00 PM EST | May 28, 2018
China's Cnooc Sees Likely Start of Uganda Oil Field in 2021
Cnooc says production at Kingfisher field will probably start in 2021.
8:00 PM EST | May 23, 2018
Peru President Cancels London-Based Tullow's Offshore Oil Contracts
The government of Peruvian President Martin Vizcarra cancels five offshore oil contracts.
8:00 PM EST | May 22, 2018
Production Vessel at Ghana's Jubilee Oilfield to Shut Temporarily
The 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.
8:00 PM EST | May 20, 2018
UK's Tullow Oil Names New Head Of Ghana Operations
Tullow Oil names new lead for its Ghana operations.
7:00 PM EST | February 14, 2018
Ivory Coast Awards Tullow Two New Oil and Gas Blocks
Africa-focused Tullow now holds stakes in nine Ivorian blocks.
7:00 PM EST | January 16, 2018
UK's Tullow Oil Lifts Outlook On Higher Crude Prices, Output
Tullow Oil raised its production targets on Wednesday thanks to higher output from its flagship West African fields.
7:00 PM EST | November 07, 2017
Tullow Oil Signs Exploration Contracts Offshore Ivory Coast
Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million.
8:00 PM EST | October 10, 2017
Britain's Tullow Launches Oil, Gas Exploration In Zambia
Tullow Oil starts exploring for oil and gas in Zambia.
8:00 PM EST | August 10, 2017
European Oil Producers' Weak Hedging Shows Bet on Price Rebound
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.
8:00 PM EST | July 30, 2017
Tullow Plans More Ghana Wells Once Maritime-Border Spat Settled
Tullow Oil plans to drill more wells off Ghana once a ruling on a border dispute is out of the way.
8:00 PM EST | July 25, 2017
Tullow Says Promoting CEO To Chairman Best For Company
Tullow proposes to appoint its outgoing CEO as chairman.
8:00 PM EST | April 25, 2017
Tullow Falls To Third Annual Loss On More Exploration Write-Offs
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.
7:00 PM EST | February 07, 2017
Tullow Finds Oil in Kenyan Erut-1 Well
Tullow Oil plc announces that the Erut-1 well in Block 13T, Northern Kenya, has discovered oil.
7:00 PM EST | January 16, 2017
Tullow's Founder Heavey to Step Down as CEO
Tullow Oil plc's chief executive officer and founder, Aidan Heavey, will step down as the company's CEO.
7:00 PM EST | January 10, 2017
Total's Uganda Expansion 'Significantly De-risks' Project Sanction
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.
7:00 PM EST | January 09, 2017
AkerBP, Cairn Energy Make Jefferies Top Pick List
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.
7:00 PM EST | January 08, 2017
Tullow CFO Takes Medical Leave of Absence
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.
7:00 PM EST | January 04, 2017
Analysts: Production Ramp-Up at TEN Crucial for Tullow
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.
7:00 PM EST | December 06, 2016
Centrica: Oda Field to see $634M Investment, Will Create 5,500 Jobs
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.
7:00 PM EST | November 29, 2016
UK Says East Africa Holds Huge Opportunities, Govt Well Placed to Help
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.
7:00 PM EST | November 16, 2016
Africa Oil, Partners To Begin Drilling New Kenya Wells In Dec
Africa Oil and its partners in Kenya will drill up to 8 exploration and appraisal wells starting from December to boost proven resources.
7:00 PM EST | November 14, 2016
Tullow Cuts FY Capital Budget, West African Production Forecast
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.
7:00 PM EST | November 08, 2016
Tullow Oil Says To Restart Kenyan Exploration And Appraisal Next Month
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.
8:00 PM EST | October 31, 2016
Tullow Oil Confirms Turret Bearing Cover
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.
8:00 PM EST | September 22, 2016
Tullow Oil: Discovery Made in Cara Prospect Offshore Norway
Tullow Oil Norge AS reveals that an oil and gas discovery has been made in the Cara prospect offshore Norway.
8:00 PM EST | September 15, 2016
Statoil Increases NCS Equity Through Tullow Deals
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.
8:00 PM EST | September 06, 2016
Oil Companies May Spend $8B to Start Output in Uganda
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.
8:00 PM EST | August 29, 2016