Tullow oil

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Uganda government gives Tullow oil production Licence

The government of Uganda has awarded  to Tullow Oil Company an oil production license for 400 million barrel kingfisher oil well found in western Uganda worth 1.5 billion US dollars.   The long waited move will see a resumption of production activities in the Abertine Graben that had halted due to the expiry of Heritage […]

Tullow oil appoints Barclays Capital and Morgan Staley & Company as corporate brokers

News Release Tullow Oil plc (Tullow) is pleased to announce that it has appointed Barclays Capital and Morgan Stanley & Co. International plc as joint corporate brokers with immediate effect. FOR FURTHER INFORMATION CONTACT: Tullow Oil plc (+44 20 3249 9000) Chris Perry – Investor Relations James Arnold – Investor Relations George Cazenove – Media […]

Tullow Oil launches Scholarship Scheme in partnership with the British Council.

News Release: Tullow Oil plc (Tullow) has today announced the launch of the Tullow Group Scholarship Scheme (TGSS) in partnership with the British Council. The scheme, which forms a key part of Tullow’s overall approach to education and capacity building, will support postgraduate degree, technical training and vocational studies. The scholarships aim to support local […]

Pioneering African business initiative launched by Tullow Oil

News Release:- This morning Africa’s largest independent oil company, Tullow Oil plc (‘Tullow’), kicked off a new business initiative aimed at attracting and facilitating further investment in the continent. Invest in Africa aims to encourage long-term investment across the continent to help build and develop local capacity, boost domestic job markets, develop skills and stimulate […]

Tullow oil shows promising future in its 2011 end of year statement

Tullow Oil plc (Tullow) issues this Trading Statement in respect of its financial year to 31 December 2011. This is in advance of the Group’s Full Year Results, which are scheduled for release on 14 March 2012. The Operational Update is in respect of recent production, development and exploration activities. The information contained herein has […]

Tullow oil signs new PSC as operator offshore Mauritania

31 October 2011 – Tullow Oil plc (Tullow) is pleased to announce that new Production Sharing Contract (PSC) arrangements have been agreed with the Government of Mauritania and its Joint Venture partners. These arrangements will enable the Group to progress the appraisal and development of existing discoveries and pursue exploration in a new contract area […]

Tullow Oil denies giving bribes to Uganda ministers

United Kingdom registered oil prospecting firm Tullow Plc has denied allegations that it offered bribes to Uganda ministers to get favuorable oil deals in Uganda.   Uganda’s parliament this week started discussions on the oil sector and Tullow was mentioned as having transferred money to two ministers’ accounts. But Tullow’s CEO, Aidan Heavey, refuted these […]

Tullow oil announces Acquisition of Ghanaian interests of EO Group Limited

News Release: Further to the announcement made on 26 May 2011 in relation to the conditional acquisition of the Ghanaian interests of EO Group Limited for $305 million, Tullow Oil plc (Tullow) is pleased to announce that all of the conditions to the acquisition were satisfied and the acquisition completed today. This acquisition, with an […]

Tullow oil sells shares on Ghana Stock Exchange

Tullow Oil plc (Tullow) is pleased to announce that it has allotted 3,531,546 ordinary shares of 10p each in the capital of Tullow (Shares), which rank pari passu with the existing Shares in issue, pursuant to the offer for subscription of up to 4,000,000 Shares (the Offer) in connection with Tullow’s secondary listing on the […]