In its half-year results, Tullow Oil plc has announced that it made a revenue loss of $1.3 billion for the six months ended 30 June 2020. Summary of 2020 first half result Group working interest production for the first half of 2020 averaged 77,700 bopd, in line with expectations. Revenue of $731 million; gross profit […]
Tag: XGHA_TLW
Ghana’s Jubilee Field hits 300-million-barrels of oil production mark
Tullow Ghana Tullow Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, is proud to announce a significant milestone of 300 million barrels of oil production from the Jubilee field. Tullow and its partners; GNPC, Kosmos, Anadarko and Petro SA, in a statement, said they “are proud to be part […]
Ghana’s Jubilee field reaches 300 million barrel mark
Economics Jubilee field Tullow Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, has announced a significant milestone of 300 million barrels of oil production from the Jubilee field. A statement issued by Tullow Ghana Limited said its partners; GNPC, Kosmos, Anadarko and Petro SA, were proud to be part […]
Tullow to cut jobs in Kenya, announces Mbogo’s exit
Tullow Oil country managing director Martin Mbogo during the Tullow Oil media briefing in Nairobi on October7,2016. Tullow Oil Kenya has announced plans to cut its workforce in what it said was an effort to lower its wage bill to a more sustainable level In a statement, the firm said changes in Nairobi and the […]
Ex-Oxy Rep Takes Tullow Director Role
Tullow Oil plc (LON: TLW) has announced the appointment of Mitch Ingram as an independent non-executive director of Tullow with immediate effect. Tullow Oil plc (LON: TLW) has announced the appointment of Mitch Ingram as an independent non-executive director of Tullow with immediate effect. Ingram, who Tullow confirmed will stand for election at its 2020 […]
Tullow shareholders approve Shs 2tn sale of interest in Uganda oil
Tullow Oil is now quitting Uganda Tullow Oil plc (Tullow) shareholders have approved its sale of the interest in Uganda’s oil industry, removing one of the key hurdles for the transaction to be concluded. Tullow Oil said in April that it had signed a deal to sell all its stake in the project to France’s […]
Uganda: Tullow Shareholders Approve Uganda Sale
Anglo — Irish Tullow Oil Plc shareholders yesterday afternoon voted by 99 per cent majority to sell the company’s entire stake (33.33 per cent) in Uganda’s oil fields and the proposed East African Crude Oil Pipeline (EACOP). The transaction is expected to be completed in the coming months. In a statement issued yesterday, Tullow indicated […]
Tullow Oil : Shareholders Set to Approve Sale of Assets to Total
Tullow Oil Plc shareholders are set to approve the company’s sale of all its assets in the Lake Albert Development project to Total E&P Uganda BV. In a statement, Tullow Oil Plc said it has called a general meeting to allow shareholders approve the sale and consequently the company’s exit from Uganda’s oil and gas […]
Uganda: Tullow Oil Banking On Payment of $500m From Kampala to Pay Debts
Government has concluded drafting three different pieces of legislation that will inform how money from the Petroleum Fund in Bank of Uganda. A fortnight after closing a deal where it offloaded its stake in the Albertine Grabben projects to French oil major Total, Tullow Oil has written to the Ugandan government to expedite transaction approvals […]
Tullow Oil advances Uganda asset sale as CNOOC says pass to pre-emption
The transaction process continues, with tax procedures to come next. Tullow Oil PLC ( LON:TLW ) told investors that China’s state oil firm has decided not to exercise pre-emption rights which would’ve seen it jump into the Uganda asset sale to Total, announced last month. In April, Tullow announced a US$575mln transaction with Total, with […]