Jubilee News

 

Occidental Sells Stakes in Jubilee and TEN Fields Offshore Ghana

Oct 13, 2021

Occidental Petroleum Corp agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy and Ghana National Petroleum Corp, the oil and gas producer said on Wednesday, as it looks to cut the debt it took on with its purchase of Anadarko Petroleum…

Tullow Swings to Profit. CFO to Step Down

Sep 15, 2021

Africa-focused Tullow Oil's finance chief Les Wood will step down by the end of March, the oil and gas company said on Wednesday, after it swung back to profit in the first half of 2021.Tullow, which has been operating in Africa since 1986,…

TechnipFMC Tallies 'Significant' Order From Tullow in Ghana

Jul 06, 2021

Oilfield services firm TechnipFMC said Tuesday it had won a 'significant' Engineering, Procurement, Construction, and Installation contract for Tullow's Jubilee South East development, offshore Ghana. For TechnipFMC, a “significant” contract is between $75 million and $250 million…

Exxon Mobil Relinquishes Stake in Ghana Offshore Block

Jun 04, 2021

Exxon Mobil has relinquished its 80% interest in Ghana’s Deepwater Cape Three Points offshore block, a spokesman told Reuters on Thursday.“Exxon Mobil is prioritizing near-term capital spend on the most advantaged assets with the lowest cost…

Maersk Drilling Confirms $370M+ Drillship Contract in Ghana

Apr 08, 2021

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…

Tullow Starts Multi-well Drilling Program Offshore Ghana

Apr 06, 2021

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…

Tullow Picks Maersk Drillship for Ghana Offshore Drilling Campaign

Feb 04, 2021

Danish offshore drilling company Maersk Drilling has received a conditional letter of award from oil company Tullow for the provision of the Maersk Venturer drillship and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana…

Tullow Hires Stena Drillship for Suriname Drilling

Sep 01, 2020

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…

Tullow Extends Maersk Drillship Term After Cancellation Notice

Aug 14, 2020

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…

Tullow to Spud Suriname Well in 2021. Will Hire Drilling Rig Soon

Jul 29, 2020

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…

Total Backs Out of Oxy's Ghana Assets Acquisition

May 18, 2020

French oil major Total is pulling out of the agreed acquisition of Occidental Petroleum's Ghana assets.The two companies in 2019 signed a deal whereby Total was to acquire all of the assets of Anadarko in Africa for about $8.8 billion, following the completion of Oxy's takeover of Anadarko…

S&P Cuts Tullow Oil's Credit Rating

Dec 13, 2019

Ratings agency S&P Global on Friday downgraded Tullow Oil's long-term credit rating to 'B' from 'B+', days after the Africa-focused company's Chief Executive Officer stepped down and it scrapped its dividend.The London-listed company, which…

Tullow Production Falls, CEO Resigns

Dec 09, 2019

Tullow Oil said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its fields in Ghana.'While financial performance has been solid, production performance…

Tullow Oil Shares Sink

Nov 13, 2019

Tullow Oil cut its outlook for production and cash flow because of persistent problems in Ghana, while revealing that the quality of oil recently discovered in Guyana was heavy in nature, sending its shares down more than 20%.Commenting for…

Tullow Makes Major Oil Discovery in Guyana

Aug 12, 2019

Tullow Oil has made a major oil discovery in the deepwater Orinduik block offshore Guyana, raising expectations that the London-based independent will move to develop a field in the closely watched, oil-rich South American country.The discovery…

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