The Uganda government and the three joint venture partners in the Lake Albert oil project —Tullow Oil, Total E&P, and China National Offshore Oil Corporation —have reached a deal on the sale of Tullow’s assets, this website can confirm. Details of the new sale and purchase agreements are still highly guarded. However, industry insiders revealed […]

Maersk Valiant and Maersk Venturer Tullow Oil has terminated a drilling contract with the Maersk Venturer in Ghana, in line with the operator’s plans to save cash amid a difficult year. Maersk Drilling announced the early termination of the contract with the Maersk Venturer. Tullow Ghana chose to end the contract for convenience, it said. […]

The General Transport, Petroleum and Chemical Workers’ Union of the Ghana Trades Union Congress (TUC), has urged the government to stop Tullow Ghana and Kosmos Energy’s from laying off Ghanaian workers over operational challenges. 25% of Tullow workers in Ghana to be laid off In a statement issued on Thursday (February 27, 2020), the union […]

British oil explorer Tullow Oil is locked in a vicious fight with Kenya over the London Stock Exchange-listed firm’s demand for Sh204 billion as compensation for its six-year works. FILE PHOTO | NMG British oil explorer Tullow Oil is locked in a vicious fight with Kenya over the London Stock Exchange-listed firm’s demand for Sh204 […]

The General, Transport, Petroleum and Chemical Workers Union of the Trades Union Congress has called on the Ghanaian government to develop policies that will protect them from layoffs when production companies face operational challenges. Oil Rig in Ghana This request is coming after Tullow Oil Ghana decided to layoff at least 25% of its workers […]

Maersk Decom has been awarded a contract for the plugging and abandonment of Tullow Oil’s Banda and Tiof fields, offshore Mauritania. This is the first project where Maersk Decom will provide an end-to-end plugging and abandonment solution under one single contract. The solution bundles project management, engineering and planning with the execution of plug and […]

Credit; Maersk Decom Denmark’s Maersk Decom has won a contract for complete plugging and abandonment of Tullow Oil’s Banda and Tiof fields offshore Mauritania. This is Maersk Decom’s first project where the company will provide an end-to-end plugging and abandonment solution under one single contract. The company was formed in 2018. "The solution bundles project […]

Tullow Kenya managing director Martin Mbogo at an interview in the capital Nairobi on February 20, 2020. PHOTO | SILA KIPLAGAT | NMG Some of our joint venture partners did not approve their budgets for 2019, and also this year. This saw Tullow spend above our shareholding agreement, pushing our expenditures up. At group level, […]

Tullow Oil workers offload crude from Lokichar. FILE PHOTO | NATION MEDIA GROUP Tullow’s latest job cuts announcement in Kenya has deepened doubts on the viability of the country’s oil exploration. The job cuts plan, coming shortly after the firm announced the sale of its entire stake in Kenya and plans to cut its capital […]

The operator remains positive, but the future of Kenya’s first oil development remains very uncertain Tullow Oil says that FID on the Turkana oil development in northern Kenya is still possible by the end of the year. However, the project’s operator has said it needs to farm-down at least part of its 50pc stake if […]