|Bid||210.00 x 70000|
|Ask||250.00 x 153700|
|Day's range||214.50 - 219.20|
|52-week range||145.50 - 279.30|
|PE ratio (TTM)||N/A|
|Earnings date||25 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||3.19|
South Africa’s tax agency filed a legal claim against local billionaire Christo Wiese and former executives at law firm ENSafrica for more than 217 million rand ($16 million) in unpaid taxes, court documents show. The papers filed in the Western Cape High Court is part of a wider 3.7 billion rand claim by the South African Revenue Service, according to a report in the Financial Mail published earlier Thursday. The story was written by journalists at the amaBhungane Centre for Investigative Journalism.
Britain's Tullow Oil (LSE: TLW.L - news) has to cover nearly $65 million of costs linked to a cancelled rig contract in Ghana after losing a dispute with partner Kosmos Energy, the companies said on Wednesday. The costs relate to a rig contract with Seadrill that Tullow cancelled in December 2016 after Ghana set a drilling moratorium on its TEN offshore oil and gas field, which is located in waters then claimed by both Ghana and Ivory Coast.
Britain's Tullow Oil (LSE: TLW.L - news) said on Tuesday that it might be forced to shut down operations at its northern Kenyan oilfields if it cannot reach a deal to end protests by the local community that have disrupted activities to truck oil from the area. The protests, which began on June 27, interrupted a trucking scheme that aims to transport about 2,000 barrels per day (bpd) of crude from northern oil fields to the coast. The pilot scheme was launched in June.
Tullow Oil Plc may shut down operations in northern Kenya in two weeks unless persistent issues with local residents, which threaten progress of the project, are resolved. Tullow, along with partners Africa Oil Corp. and Total SA, plans to make a final investment decision next year to ramp up production by 2021 and develop a pipeline to ultimately transport the estimated 560-million-barrel resource. Tullow has enough supplies to run its Kapese Integrated Operation Base for another 14 days, “after which we will have no option other than a complete shut-down of the camp,” the company said in an emailed statement.
** JPMorgan says macro environment is much improved for independent European Exploration & Production cos ** JPM cites better balance sheets, reduced forward capex commitments and service market which ...
** Barclays upgrades European Exploration & Production sector view to "positive" from "neutral" ** Move follows broker's latest commodity price upgrade - moving Brent to $80/bbl for ...
Kenyans protesters demanding more security in the north of Kenya have blocked trucks carrying oil from Tullow's (TLW.L) fields, the British energy company said on Wednesday. The truck scheme aims to transport about 2,000 barrels per day (bpd) of crude from northern oil fields to the coast to test oil flow rates and other technical issues before the start of full production and exports via a pipeline to be built by 2022. "Tullow confirms that there have been interruptions to the trucking of crude oil in Turkana County.
1036 GMT - Peel Hunt expects Anpario’s first-half sales to be similar to the year-earlier period, with unfavorable foreign-exchange rates offsetting high single-digit growth on a constant currency basis. Peel Hunt says profit performance for the period will likely be similar to that for the first half of 2017. The oil-and-gas company said it now expects production to be between 89,000-95,000 barrels of oil equivalent a day compared with a previous range of 86,000-95,000 barrels of oil equivalent.
Tullow Oil (TLW.L) on Thursday raised its 2018 production outlook to 86,000-92,000 barrels of oil per day from 82,000-90,000 bopd, boosted by its offshore fields in Ghana. Tullow said it is preparing for the London Commercial Court to decide on a $277 million claim brought by Seadrill over the termination of the West Leo rig contract for force majeure in Ghana. Tullow has set aside $128 million in case it loses.
Tullow Oil (LSE: TLW.L - news) on Thursday raised its 2018 production outlook to 86,000-92,000 barrels of oil per day from 82,000-90,000 bopd, boosted by its offshore fields in Ghana. Tullow said it is preparing for the London Commercial Court to decide on a $277 million claim brought by Seadrill (Hamburg: 2171269.HM - news) over the termination of the West Leo rig contract for force majeure in Ghana. Tullow has set aside $128 million in case it loses.
There are signs, even from Italy's new anti-immigrant government, of a willingness to listen. Back home, her nemesis Horst Seehofer of the Bavarian CSU party has insisted he does not want to bring her government down and said he is "very optimistic" of a good result.
Pan-African firm Oranto Petroleum said on Wednesday it would start exploring for oil in Zambia after it was awarded two blocks, its first investment in the southern African nation. Zambia does not produce oil, but the government says soil samples sent to European laboratories have shown good traces of crude. British company Tullow Oil (LSE: TLW.L - news) last year started exploring for oil and gas in Zambia, Africa's No.2 copper producer, as the country pushes to diversify its economy and reduce its reliance on the industrial metal.
Italy's ENI is on track to deliver the first gas from its Ghana operations this month, with output rising to 180 million cubic feet per day, enough to more than double national output by year end, officials told Reuters on Friday. ENI, which began oil production from a 45,000 barrel-per-day reserves a year ago, will start pumping natural gas on June 26 from its Sankofa reserves in a second phase of the company's $7.9 billion Offshore Cape Three Point project. "We are on track and working full speed to deliver this month," an ENI source told Reuters, declining to be named until an official announcement.
Kenya has launched a pilot scheme to export crude oil via Mombasa as part of efforts to capitalise on the country's oil reserves. The East African country discovered commercial oil reserves in its Lokichar basin in 2012 and a 800-km (500-mile) pipeline is due to be built before production starts up in 2021/22. "The benefits of the project will be shared and no one will be left behind," Deputy President William Ruto said at the launch of the export initiative under which 2,000 barrels will be transported to Mombasa by road for shipment each day.
Tullow Oil (TLW.L) is interested in new oil blocks off Ghana's coast as part of the British explorer's plans to consolidate its operations in the West African nation, Chief Executive Paul McDade said on Thursday. Tullow is leading two operations offshore Ghana, including the country's flagship 100,000 barrel-per-day Jubilee field, which began commercial production in late 2010. Ghana's energy ministry said this month it would award nine new upstream oil blocks for commercial exploration off its coast beginning this year.
Tullow Oil (LSE: TLW.L - news) is interested in new oil blocks off Ghana's coast as part of the British explorer's plans to consolidate its operations in the West African nation, Chief Executive Paul McDade said on Thursday. Tullow is leading two operations offshore Ghana, including the country's flagship 100,000 barrel-per-day Jubilee field, which began commercial production in late 2010. Ghana's energy ministry said this month it would award nine new upstream oil blocks for commercial exploration off its coast beginning this year.
Tullow Oil (LSE: TLW.L - news) hired Wood to design a pipeline needed to bring crude from Kenya's Lokichar onshore fields to Lamu on the Indian Ocean coast, Wood said on Wednesday. Kenya, which currently exports no crude, discovered commercial oil reserves in its Lokichar basin in 2012 and the 800-km (500-mile) pipeline is expected to be built before production is due to start in 2021/22. Tullow operates the Kenyan fields, while the other investors are Canada's Africa Oil (LSE: 0QVL.L - news) and France's Total (LSE: 524773.L - news) .
A slump in oil prices hit British majors on Friday, limiting the gains of the FTSE 100 benchmark index while Kingfisher shone after Australia's Wesfarmers said it would sell rival UK home improvement chain ...
Stocks with market capitalization between $2B and $10B, such as Tullow Oil plc (ISE:TQW) with a size of €4.10B, do not attract as much attention from the investing community asRead More...
The government of Peruvian President Martin Vizcarra cancelled his predecessor's decision to award five offshore oil contracts to London-based Tullow Oil PLC (TLW.L) shortly before resigning, citing insufficient consultations with coastal residents. It was another setback for efforts to shore up slumping energy investments in Peru, a relatively small oil producer where past bidding rounds have failed to draw offers.