Tullow Oil Plc says it was prompted to reset the business in order to deal with the effects of the uncertain market situations as it labored deliver on key operational goals in 2015. The observations were made by Tullow’s Chief Executive Aidan Heavy as published in the company’s operational activities and trading Statement for the
Reuters CAPETOWN Tullow Oil Plc plans to make a Final Investment Decision (FID) on a new oilfield project in Uganda in early 2017, later than planned, Chief Executive Aidan Heavey said. Tullow, according to the earlier plans resolved to make FID on its oilfield in Uganda by the end of 2016 following major oil discoveries in
Tullow oil plc has announced steadfast progress in its major development projects in East and West African oil fields despite decline in revenue in the first half of the year 2015. According to a statement from Tullow oil on the status of its operations, the company the has registered a fall in its revenue by 35%
Tullow oil plc has suspended gas exports from its major African field of Ghana following a persistent technical fault. The Jubilee field in Ghana is one of Tullow’s leading offshore projects from which its major capital investments are based. The company said the technical fault has also lowered its output since July 3, 2015 but
Just a months after formation in 1985, Tullow Oil plc registered significance recognition following the signing of a license agreement in Senegal in 1986. This success is what the current oil giant, has capitalized on to establish itself in the murky oil market. According to the company’s founder and Chief Executive Aiden Heavey, the concept
Tullow Oil plc has affirmed its business hopes and strength in the East African oil and gas industry in a latest statement that summarize recent operational activities and trading guidance of the new financial year 2015. The UK based Multinational noted that the legal and institutional investments in the region present a level playing field which
Tullow Oil plc has agreed to settle the outstanding Capital Gains Tax (CGT) bill to the government of Uganda and it’s Tax regulatory body Uganda Revenue Authority (URA) after a long standing tax rift. According to an official statement from Tullow Oil, one of the leading players in Uganda’s Oil and gas sector, the company
In November 2014, Tullow Oil PlC released an Interim Management Statement reviewing its capital expenditure. “In light of current oil and gas sector challenges including the commodity price environment, we are reviewing our capital expenditure and our cost base to ensure that Tullow is well-positioned for future success.” the Chief Executive Officer of Tullow Oil,
Amid-st the turbulent rage of the faltering oil prices Tullow Oil PLC has resolved to revise its investment priorities and focus on East Africa and Ghana in West Africa come 2015. In an Interim Management Statement issued on 12th November 2015 Tullow indicated that though exploration will remain a key part of the company’s future
Daily Monitor Former Monitor Publications Limited Managing Director, Conrad Nkutu, has been appointed Tullow Oil Uganda’s Head of Corporate Affairs, a position that will see the veteran media manager join the oil and gas giant’s senior management team. Mr Nkutu officially reports for duty on Monday, July 1, 2013. A press release