|Bid||184.00 x 70000|
|Ask||184.20 x 153700|
|Day's range||182.70 - 185.90|
|52-week range||142.38 - 299.86|
|PE ratio (TTM)||-2.10|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||2.65|
Tullow Oil plc said it on Thursday it had bought 90 percent stakes in four onshore blocks in Ivory Coast while state oil company Petroci holds the remaining 10 percent. The four blocks cover 5,035 square ...
Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million, an Ivorian government spokesman said on Wednesday. The contracts, which include a 10 percent ...
** Jefferies cuts Tullow Oil to "underperform" from "hold", saying its 155p price target accurately reflects value of Araku exploration drilling offshore Suriname and Guyana ** Stock's ...
Increased oil production in Ghana is boosting energy sector revenues and helping shore up finances after three years of sluggish economic growth
France's Total (LSE: 524773.L - news) has agreed to pay $1 million for an option to buy a 25 percent stake in an oil exploration block offshore Guyana, its first foray into an area close to where ExxonMobil made one of the largest discoveries of the last decade. Eco Atlantic Oil & Gas, a small Canadian exploration company which earlier this year listed on London's junior AIM market, said on Tuesday Total now had the option to acquire the stake in the Orinduik Block for another $12.5 million following the analysis of recently collected 3D seismic data. "In the event that the option is exercised by Total, the deal proceeds will recoup all our expenses on the expanded 3D program and fund us for drilling a minimum of two wells based on current well costs," said Gil Holzman, president and CEO of Eco Atlantic (Shanghai: 600558.SS - news) .
Africa's biggest independent oil producer, Tullow Oil (LSE: TLW.L - news) , is back on track to expand its flagship oilfields off Ghana's coast after a two-year drilling block due to a border dispute. The news sent Tullow's shares to the highest in four months, last trading at 189.6 pence, up 6.3 percent from Friday's close, on an expected revenue boost from higher production although the company did not give details. Tullow said it will resume drilling at the Tweneboa, Enyenra and Ntomme (TEN) oilfields around the end of the year to lift production to full capacity of 80,000 barrels per day (bpd), following an international tribunal ruling on Saturday (Shenzhen: 002291.SZ - news) favouring Ghana in a dispute with its neighbour Ivory Coast.
Ivory Coast has accepted a ruling by the International Tribunal for the Law of the Sea that favoured Ghana in a dispute over the location of the maritime boundary separating the two West African neighbours, ...
Shares (Berlin: DI6.BE - news) in Tullow Oil Plc (LSE: TLW.L - news) rose more than 8 percent on Monday after the Africa-focused oil explorer said it expects to resume drilling at its multi-billion dollar TEN deepwater oil and gas project after a court ruling favoured Ghana in an ocean border dispute with Ivory Coast. The International Tribunal for the Law of the Sea on Saturday (Shenzhen: 002291.SZ - news) drew an ocean boundary favouring Ghana, ending the dispute which has slowed the development of oil fields and at times soured relations between the two oil-producing nations. Tullow, which leads the TEN project, now expects to increase output from around 50,000 barrels per day (bpd) to 80,000 bpd.
DAKAR/ACCRA, Sept 23 (Reuters) - The International Tribunal for the Law of the Sea on Saturday (Shenzhen: 002291.SZ - news) drew an ocean boundary favouring Ghana in a dispute with its neighbour Ivory Coast, opening the way for development drilling to resume on Ghana's multi-billion dollar TEN deepwater oil and gas project. The decade-old row between the two West African neighbours has slowed the development of oil fields and at times soured relations between the two oil producers, who also together grow 60 percent of the world's cocoa.
An international maritime tribunal found Ghana did not violate Ivory Coast's rights by drilling for oil in the region, prompting Tullow Oil to say it will resume drilling around year end
A ruling by the International Tribunal for the Law of the Sea will keep Tullow Oil Plc’s offshore fields under Ghana’s jurisdiction following the end of a boundary dispute with Ivory Coast.
Tullow Oil said on Saturday that an international ruling on an ocean boundary between Ghana and Ivory Coast would leave its TEN fields within Ghanaian waters, allowing it to resume new drilling around ...
Ghana and Ivory Coast have been locked in a dispute over a contested sea boundary that cuts through lucrative oil fields, but an international maritime tribunal has rule in Ghana's favour
British company Tullow Oil (LSE: TLW.L - news) on Friday 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. Copper mining earns Zambia more than 70 percent of its foreign exchange but the southern African state has been trying to move into other commodities to insulate itself from price shocks. Zambia does not produce oil, but the government says soil samples sent to European laboratories have shown good traces of crude.
The leaders of Tanzania and Uganda laid a foundation stone on Saturday (Shenzhen: 002291.SZ - news) for the construction of a $3.55 billion-crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project - set for completion by 2020 - will stretch from landlocked Uganda's western region, where crude reserves were discovered in 2006, to Tanzania's Indian Ocean seaport of Tanga. The project will become "the longest electrically heated crude oil pipeline in the world," said Guy Maurice, Senior Vice President of Africa at Total Exploration and Production.
Europe's smaller oil producers are more optimistic about the market than they have been for the past couple of years as a significant reduction in hedging shows they are betting on higher prices. "We're a bit underhedged for 2018 because we obviously hoped for a better oil price recovery that would have meant putting in place more hedging," Tony Durrant, chief executive of North-Sea focused Premier Oil, told Reuters.
Cameroon plans to begin exporting liquefied natural gas later this year using a newly designed offshore plant that analysts say could slash production costs and unlock African reserves not previously considered economically viable. West and Central Africa's Gulf of Guinea has seen a wave of new oil and gas exploration, particularly since Tullow Oil (LSE: TLW.L - news) discovered Ghana's huge Jubilee gas field in 2007. A specialised vessel owned by Golar LNG (Frankfurt: 677102 - news) will dock offshore Cameroon's Atlantic (Shanghai: 600558.SS - news) coast in the coming weeks for testing.
Supportive crude prices and strong results from energy firms and auto companies helped European shares rise on Wednesday. The pan-European STOXX 600 ended up 0.5 percent, broadly in line with euro zone ...