Tullow Oil PLC (TLW.L)
Fri, Mar 29 2019
* Partners Tullow Oil, Total and Eco Atlantic have chosen the "Joe" prospect for a second well in their much-watched Orinduik oil and gas field off Guyana's coast, Eco said on Friday.
LONDON An oil and gas field off Guyana's coast and owned by Tullow, Total and Eco Atlantic has about 3.9 billion barrels of oil equivalent, a third more than announced in an estimate released in September, Eco said on Monday.
* First indication of Kenya crude pricing expected next week (Adds detail)
NAIROBI, Feb 22 A deal with local Kenyan authorities that would allow Tullow Oil to pump water to pressurise oil wells, crucial for a final green light for the country's only oil project, may be delayed to the third quarter, a Tullow executive said on Friday.
* Has agreed "principles" of Ugandan tax deal (Adds CEO and analyst comment on Uganda tax)
Feb 13 Africa-focused Tullow Oil on Wednesday posted its first annual post-tax profit in five years and said it would resume dividends with a 4.8 cent per share payout as it sets its sights on East African projects and drilling in Guyana.
* Net debt at $3.1 bln (Adds details CEO comment, analyst comment)
LONDON, Jan 16 Tullow Oil's production is set to grow to between 94,000 and 102,000 barrel of oil equivalent per day (boed) this year, it said in a trading update on Wednesday, from 90,000 boed last year as it increases output in Ghana.
LONDON, Jan 16 Africa-focused Tullow Oil's production is set to grow to between 94,000 and 102,000 barrel of oil equivalent per day (boed) this year, it said in a trading update on Wednesday, from 90,000 boed last year as it increases output in Ghana.
KAMPALA Uganda's energy minister said on Thursday she had given Tullow Oil conditional approval to sell part of its stake in Ugandan oilfields to France's Total and China's CNOOC but only after $167 million of tax on the deal is paid.