Tullow Oil Tag

West Africa-focused Tullow Oil has lifted its 2017 production targets thanks to stronger-than-expected output from its flagship West African oil and gas fields. The UK-based firm improved its 2017 output target to 85,000-89,000 barrels of oil equivalent per day (boepd), up from a previous 78,000-85,000 boepd,...

Kosmos Energy (NYSE:KOS) is set to make a secondary listing on the London Stock Exchange (LSE) by the end of September, in a bid to attract European investors in the company. The US-based oil and gas exploration firm will join BP on the London exchange, which...

Africa-focused oil explorer and producer Tullow Oil (LSE:TLW) has booked a US$600 million impairment charge on its property and equipment assets, due to a continued slump in prices for crude. The pre-tax, non-cash impairment charge was announced in its mid-year trading update, although the report forecasted...

Tullow Oil (LSE:TLW) has announced the discovery of oil in a region of Kenya thought to contain at least 750 million barrels of oil. The Africa-focused firm said an exploration well was drilled in its Emekuya-1 well in the Northern section of the South Lokichar basin,...

Tullow Oil (LSE:TLW) cut its debt by US$200 million during the first quarter of 2017 as chief executive officer Aidan Heavey prepares to hand the reigns of the company over to Paul McDade. This board reshuffling follows what Heavey called an ‘exceptionally busy’ period for the...

African independent oil firm Tullow Oil (LSE:TLW) has unearthed a new oil reserve at the South Lockichar basin, in the north-eastern region of Kenya. The Erut-1 well in onshore Block 13T was drilled to a depth of 1,318 metres, although Tullow says the overall oil column...