Africa-focused Tullow Oil expects a full-year operating cashflow of $600 million, steady from last year, if the oil price averages $60 a barrel for the rest of the year, it said on Wednesday.If oil prices, currently at around $76 a barrel, average $70 for the remainder of the year…
Panoro Energy has completed the purchase of an additional 10% working interest in the Dussafu Marin permit, offshore Gabon, from Tullow Oil.Following the completion, Panoro-Gabon holds a 17.4997% non-operated working interest in the Dussafu Marin permit…
Oil and gas firm Tullow Oil said Wednesday that Dorothy Thompson CBE, Non-Executive Chair, had decided to step down from Tullow's Board.'A search process to find a new Chair has been launched and is expected to conclude towards the end of the summer…
Tullow Oil's $1.8 billion bond, which was launched to help it manage a $2.4 billion debt pile, drew more interest from investors than expected after the Africa-focused producer's financial overhaul, the chief executive said on Friday.Rahul Dhir…
Danish offshore drilling company Maersk Drilling on Thursday confirmed a long-term contract with Tullow Oil for its Maersk Venturer drillship off Ghana.The firm contract following the previously agreed conditional letter of award, and includes…
Oil and gas company Tullow Oil on Tuesday said it was starting a multi-year, multi-well drilling campaign offshore Ghana.The campaign started with the start of drilling of the first well at the Jubilee offshore field on Monday.Maersk Drilling's…
Oil and gas company Tullow Oil has completed the sale of its assets in Equatorial Guinea to Panoro Energy, from which it had earlier on Wednesday received a payment of $88.8 million.The transaction also includes contingent cash payments of up…
Tullow Oil shareholders on Thursday approved the sale of the company's assets in Equatorial Guinea to Oslo-listed Panoro Energy.As announced in February, Tullow agreed, subject to certain conditions, to sell its subsidiaries with assets in Equatorial…
The government of Guyana has granted an extension to the term of the Tullow Oil-operated Orinduik offshore block that will see the block partners maintain control of the block until 2023. According to Eco Atlantic, Tullow Oil's partner in the offshore block…
Tullow Oil Plc said on Friday it has agreed to a new reserve-based loan of about $1.7 billion with its banks, taking its liquidity to roughly $900 million, including free cash and available debt.The oil and gas company, which has been in talks with creditors…
Tullow Oil CEO Rahul Dhir said on Wednesday he expected talks with creditors, including bondholders, to end in the second quarter with a focus on matching maturities with expected cashflows.Tullow had a market capitalization of around $596 million on Wednesday and net debt of $2…
Oil firm Tullow has struck a deal to sell its assets in Equatorial Guinea and an offshore block stake in Gabon to Panoro for $180 million and will use the proceeds to reduce debt.Tullow said Tuesday that Panoro would acquire all of its assets in Equatorial Guinea and the Dussafu asset in Gabon…
Oil and gas company Tullow Oil is set to start drilling at its Goliathberg Voltzberg North-1 (GVN-1) exploration well, offshore Suriname, targeting 235 million barrels of oil. The news of the drilling operation startup was shared by Tullow's partner Ratio Petroleum…
Britain's Tullow Oil will commit 90% of its investments in coming years on its producing offshore oilfields in West Africa and put exploration on the back burner to reduce debt.Tullow, which was set up in the 1980s produce oil and gas in Africa…
Offshore drilling company Stena Drilling has won a contract for its Stena Forth drillship in the Mediterranean Sea, offshore Israel.Stena Drilling said the contract was with Noble Energy Mediterranean Ltd, which is now a subsidiary of Chevron…