|Bid||235.60 x 70000|
|Ask||235.80 x 153700|
|Day's Range||227.90 - 237.60|
|52 Week Range||143.06 - 279.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.07|
Peruvian Finance Minister David Tuesta resigned on Monday as truck and bus drivers called off plans for a major protest against his fuel tax hikes and the president promised to shift the focus on collecting taxes owed by big companies. The finance minister's resignation marks the biggest setback yet for President Martin Vizcarra since he became president in late March to replace Pedro Pablo Kuczynski, a former Wall Street investor who stepped down in a graft scandal.
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 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 says.
Tullow Oil hires Wood to design a pipeline needed to bring crude from Kenya's Lokichar onshore fields to Lamu on the Indian Ocean coast.
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...
Cnooc Ltd., the Chinese oil company developing Uganda’s crude finds with Total SA and Tullow Oil Plc, said production at its Kingfisher field will probably start in 2021. Cnooc is likely to bring Kingfisher on stream three years after making a final investment decision, expected later in 2018, according to Likun Kuang, finance manager at Cnooc Uganda Ltd. The field is one of several in the Albertine Graben, an area estimated to hold 6.5 billion barrels of oil, where the government is targeting first production in 2020.
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.
Investors have sent shares in European oil exploration and production (E&P) focussed companies like Premier, Tullow, EnQuest and Faroe, soaring, and some fund managers say they have not peaked yet. Shares in smaller and mid-cap British oil companies are outperforming the London FTSE blue chip index and their larger competitors, riding the wave of rising oil prices much higher than oil majors. "The sector has performed quite well, but not as well as it might have done, we've only just started the rally," said Paul Mumford, senior fund manager at Cavendish Asset Management, who is invested in Faroe, EnQuest, Tullow, Hurricane Energy and Cairn Energy and other smaller E&P groups.
NAIROBI (Reuters) - Kenya has picked Wood Group Plc (WG.L) to design an estimated $2 billion (1.43 billion pounds) oil pipeline to pump crude from fields in the north of the East African nation to an Indian ...
Tullow Oil's (TLW.L) finance chief raised the prospect that the Africa-focused producer may resume its dividend, which it froze in 2015 due to the oil price crash. "This year we'll be maximising cash flow with a focus on strengthening the balance sheet.. and with our continued performance over the year that allows us to consider return to the shareholders," Chief Financial Officer Les Wood told Reuters. Tullow swung back into profit in 2017 after three years in the red.
Tullow Oil's (TLW.L) founder and chairman, Aidan Heavey, is set to leave the company he led for three decades and be replaced as chair by Dorothy Thompson, former chief of Drax Group, which prides itself in offering lower-carbon energy supply. Heavey, 64, was replaced by Paul McDade as Tullow chief executive a year ago, becoming chairman of the oil and gas exploring group for a maximum of two years. Tullow specialises in oil and gas exploration in Africa and South America.
Hours before the former Wall Street banker resigned Peru's presidency in scandal last month, Kuczynski signed five oil contracts granting London-based Tullow Oil (TLW.L) exploration and drilling rights off Peru's northern coast. Critics are unconvinced by Peru's oil promoting agency, Perupetro, which said the contracts followed months of negotiations and should be celebrated for the $200 million investment they will bring to a country where bidding rounds are often cancelled due to lack of interest.
Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday. Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent, and in some cases, not backed by records. "Improper accounting of resources on the part of concessionaires is a major source of revenue loss and it is for this reason that we are reviewing the exemption process," he told a meeting of donors and Ghana tax and customs agencies in the capital Accra.
Tullow Oil plc’s (LSE:TLW): Tullow Oil plc engages in the oil and gas exploration, development, and production activities. On 31 December 2017, the UK£2.70B market-cap posted a loss of -US$189.50MRead More...
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.
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 ...
Moody's Investors Service, ("Moody's") has today upgraded Tullow Oil plc ("Tullow")'s Corporate Family Rating (CFR) to B1 from B2 and probability of default rating (PDR) to B1-PD from ...