Tullow Oil is exploring ways to fend off a potential cash crunch as the London-listed group reported a $1.3 billion loss after it was forced to write down $1.4 bln due to collapsing demand for oil.Tullow, with a market cap of $361 million as of Tuesday and $3 billion in debt…
Offshore drilling contractor Stena Drilling said Tuesday that oil company Tullow had hired one of its drillships for drilling offshore Suriname.Tullow Oil has hired the Stena Forth drillship and will use it to drill one well in Block 47, located approximately 260 km north of the coast of Suriname…
Oil and gas company Tullow Oil has extended the contract with Maersk Drilling for the use of the Maersk Venturer drillship in Angola, following the contract termination for the same rig announced in March.Namely, Maersk Drilling in March said…
London-listed oil and gas exploration and production firm Tullow Oil expects to hire an offshore drilling rig soon for drilling operation in Suriname.The company said Monday that the drilling of the Goliathberg-Voltzberg North prospect (GVN…
Tullow Oil said on Wednesday it was set to book $1.4-1.7 billion in impairments before tax in its half-year results, as it follows larger rivals in lowering its oil price forecasts.Tullow, which had a market capitalization of around $508 million after markets closed on Tuesday…
Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana's Atlantic coast, the company said in a statement on Friday,Fifty-seven workers tested positive on a support vessel for a floating production and storage (FPSO) unit…
London-listed oil company Tullow Oil has appointed Rahul Dhir as Chief Executive Officer and an Executive Director of the Group.Dhir will begin under his new role from July 1, 2020 and Dorothy Thompson, currently, Executive Chair of Tullow will…
Tullow Oil's lenders have approved the size of its reserves-based lending facility at $1.9 billion, giving the group $700 million of undrawn loans and cash at the start of the second quarter, it said on Friday.The company also said it was cutting its 2020 capital expenditure to $300 million…
Jack-up drilling company Shelf Drilling, one of the world's largest jack-up contractors by fleet size, has seen another rig contract cut short in less than a week.After it on Friday said Dubai Petroleum would reduce the length of the Shelf Drilling…
Oil company Tullow Oil has terminated the drilling contract with Maersk Drilling for the Maersk Venturer drillship in Ghana.Maersk Drilling said Tuesday it had received a notification from Tullow Ghana 'of early termination for convenience of the drilling contract…
Tullow Oil said on Thursday the oil price fall may jeopardize a planned $1 billion in asset sales needed to refill its coffers, raising the risk the group's lenders may become reluctant to approve loans essential to shoring up its future. The…
Africa-focused Tullow Oil expects its free cash flow to slide to $50 million to $75 million this year at an oil price of $50 a barrel, and to break even at prices of $45 a barrel, it said on Thursday. Free cash flow at the group had already fallen last year to $355 million from $411 million in 2018…
Oil and gas company Neptune Energy has informed that Alexandra Thomas has joined the company as UK Managing Director, based in Aberdeen.Thomas joins Neptune from Tullow Oil plc, where she most recently held the position of Head of Exploration…
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…
Total Chief Patrick Pouyanne dismissed the idea it might buy its partner in East Africa and Guyana, Tullow Oil, whose share price slumped to 19-year lows in December over a string of bad news, stoking takeover speculation.Total is a partner…