Africa's Oil, Gas and Energy News.
Highlights Record full-year net income of $190.7 million or $0.40 per share. Cash balance at December 31, 2021 of $58.9 million. Our corporate facility has been fully repaid and $100m of the facility remains available for general corporate purposes … Read More
FOURTH QUARTER 2021 HIGHLIGHTS Completed the acquisition of additional interests in the Jubilee and TEN fields in Ghana for ~$550 million (~$460 million after post-closing adjustments) Net Production(2)(3): ~70,000 barrels of oil equivalent per day … Read More
Tullow Oil has signed a Memorandum of Understanding (MOU) with the Forestry Commission Ghana to identify and develop carbon offset projects that will support both the realisation of Tullow’s 2030 … Read More
Tullow Oil has announced that the Final Investment Decision for the Tilenga Project in Uganda and the East African Crude Oil Pipeline (EACOP) as reported by Total Energies Ltd on … Read More
The three countries Kenya, Uganda and Tanzania could see investments of over $13 billion in the upstream sector from ongoing exploration and entry in the development stage. This is according … Read More
The joint venture partners in Uganda’s Tilenga and East Africa Crude Oil Projects Total Energies, CNOOC and state-owned UNOC are expected to announce reaching the final investment decision tomorrow two … Read More
2022 Outlook Group working interest oil production guidance is 55 to 61 kboepd. This forecast is based on Tullow’s existing equity interests in TEN (47.175%) and Jubilee (35.48%) and will … Read More
Tullow Ghana and the Ghana Navy have signed a Memorandum of Understanding for the contracting of Ghanaian Navy vessels worth $23.5million-dollars to provide security services in the Jubilee and TEN … Read More
The 4th edition of the Namibia’s International Energy Conference will be held from 20th – 22nd April 2022 in Windhoek, Namibia, organized by Rich Africa Consultancy. It is going to be the official meeting … Read More
Tullow Oil has commissioned the first Ghanaian-owned and Ghanaian flagged vessel, the MV Flat Confidence. The MV Flat Confidence was birthed out of Tullow’s marine sector adoption program. The vessel … Read More
