|Bid||153.00 x 70000|
|Ask||195.00 x 153700|
|Day's range||177.25 - 187.65|
|52-week range||142.38 - 258.17|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.89|
Companies developing Kenya's first oilfields expect to conclude agreement on construction of an export pipeline by the middle of this year, according to Toronto-listed Africa Oil (LSE: 0QVL.L - news) , one of the partners. Oil could account for about a tenth of Kenya's government revenue, on par with its biggest current export, tea, once production reaches its peak, officials say. London-listed Tullow Oil (LSE: TLW.L - news) , which struck oil in Kenya six years ago, and its partners proposed in January to transport oil from the land-locked Amosing and Ngamia fields via pipeline to the Indian Ocean port of Lamu 750km away.
In the decades before oil was discovered in the northern Kenyan region of Turkana South, 100,000 poor villagers living in arid scrubland relied on a lone church-run health centre in Lokichar town for medical help. Since Tullow Oil found crude there six years ago, the London-listed company has funded a 40-bed referral hospital, school classrooms and dormitories, provided village water points graded roads, and paid for scholarships to generate goodwill. Seeing the potential benefits of oil, residents of the poorest of Kenya's 47 counties now want the central government to make up for decades of neglect by ploughing nearly a third of expected oil revenues back into Turkana.
British oil firm Tullow Oil (TLW.L) has picked electrical engineer and businessman Kweku Awotwi as the new head of its Ghana operations after the retirement of its current managing director, the company said in a statement. Tullow is lead operator of two oil fields in Ghana including the West African nation's flagship offshore Jubilee reserves which began commercial production in late 2010. Awotwi, 57, is the founder of South African-based gold explorer African Precious Minerals Ltd and principal of Triton Group Ltd.
British oil firm Tullow Oil has picked electrical engineer and businessman Kweku Awotwi as the new head of its Ghana operations after the retirement of its current managing director, the company said in ...
Kenya halved the amount of revenue it will distribute to local communities once commercial oil production starts, setting up a potential dispute with residents of its economically deprived northern Turkana ...
Africa-focused oil and gas producer Tullow Oil swung back into profit in 2017 after three years in the red, and outlined plans to begin production in Kenya by as early as 2021. The London-listed company is targeting East Africa - Uganda but particularly Kenya - as its next major frontier after developing two large fields in Ghana earlier this decade. The recovery in oil prices to over $60 a barrel by the end of 2017, as well as higher production from its flagship West African fields, allowed Tullow to boost revenue and sharply reduce debt.
French oil and energy group Total has bought stakes in some offshore Guyana oil production blocks, boosting its presence in the potentially lucrative Guyana basin. Total said it was buying a 35 percent ...
Total SA (Paris: FR0000120271 - news) is to buy shares in three Kenyan oil blocks from A.P. Moeller-Maersk , the office of Kenya's President Uhuru Kenyatta said on Tuesday. Britain's Tullow Oil (LSE: TLW.L - news) and its Canadian partner Africa Oil discovered commercially viable crude in the Turkana region in the far north of Kenya in 2012. Kenyatta's office said Total (LSE: 524773.L - news) had committed to the pipeline, prompting the government to agree to a proposal for the French oil major to buy "the issued and to-be-issued share capital of Maersk Oil Exploration International (Mogas Kenya) in respect of Blocks 10BA, 10BB and 13T".
Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore oilfield. The signing followed direct negotiations between Ghana and Exxon Mobil without ...
Ivory Coast awarded Tullow Oil two new oil and gas blocks on Wednesday, including one along the maritime boundary with Ghana, government spokesman Bruno Kone said. Africa-focused Tullow now holds stakes ...
Tullow Oil said that it delivered a strong operational and financial performance in 2017, and that it expected to report revenue of $1.7 billion for the year.
Tullow Oil (TLW.L) is cautiously reviving its search for new oil and gas resources in Africa and Latin America, its chief executive said, warning that the sector will need to walk a thin line to balance spending discipline with a desire to grow.
ABIDJAN (Reuters) - Ivory Coast has awarded Tullow Oil two new onshore oil blocks, a government spokesman said on Thursday, expanding the company's footprint in the Gulf of Guinea. The two blocks - CI-521 ...
Ivory Coast has awarded Tullow Oil two new onshore oil blocks, a government spokesman said on Thursday, expanding the company's footprint in the Gulf of Guinea. The two blocks - CI-521 and CI-522 - are ...
MILAN/LONDON (Reuters) - Persistent weakness in tech stocks outweighed strong financials on Monday, while a climb in the euro dented euro zone markets, leaving the pan-European STOXX 600 index 0.1 percent lower. Also weighing were utilities and telecoms, two sectors which tend to underperform when interest rates rise, making their steady dividend flows less attractive. Relief after last week's deal on new global banking rules also helped banks give a boost to European markets.
Kenya plans to raise $1 billion (£0.74 billion) by listing its National Oil Corporation at home and on the London Stock Exchange by early 2019, to buy a share of two oil blocks held by Tullow and its partners, a senior government official said on Wednesday. The East African country discovered oil in 2012 and full production is expected in 2021 after the completion of a $2.1 billion crude oil pipeline linking the oil fields with the proposed port of Lamu on the Indian Ocean Coast. "We need to raise money for our back-in rights," Andrew Kamau, the principal secretary for petroleum at the Ministry of Energy, told Reuters.
Kenya plans to raise $1 billion by listing its National Oil Corporation at home and on the London Stock Exchange (Other OTC: LDNXF - news) by early 2019, to buy a share of two oil blocks held by Tullow and its partners, a senior government official said on Wednesday. The East African country discovered oil in 2012 and full production is expected in 2021 after the completion of a $2.1 billion crude oil pipeline linking the oil fields with the proposed port of Lamu on the Indian Ocean Coast. "We need to raise money for our back-in rights," Andrew Kamau, the principal secretary for petroleum at the Ministry of Energy, told Reuters.
MILAN/LONDON (Reuters) - European shares fell on Monday as concerns over China weighed on mining stocks and OPEC anticipation dented the oil sector, while financials were led lower by Julius Baer, which tumbled after its chief executive unexpectedly quit to join a rival company. Jitters over China's demand for metals drove mining stocks down 1.2 percent, the worst-performing sector. Tech stocks, the best-performing this year, also tumbled 0.7 percent after a downbeat note from Morgan Stanley on the sector.