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A service for energy industry professionals · Tuesday, March 25, 2025 · 797,084,511 Articles · 3+ Million Readers
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Tullow Oil News Monitoring

  • Published on 15:12 GMT

    Tullow Oil UK returns to profitability on the back of lower impairments and asset revaluation gains

    Tullow Oil, an oil and gas exploration company based in West Africa, reported on Tuesday that it returned to profitability last year. This was largely due to a decrease in impairments, and asset revaluation. The company's shares rose by 3.9% early in …

    Source: World Energy News - Connecticut - Label Pending
  • Published on 11:37 GMT

    UK's Tullow Oil swings back to profit on lower impairments, asset revaluation gains

    West Africa-focused oil and gas explorer Tullow Oil swung back to profit last year, it said on Tuesday, largely helped by a reduction in impairments and asset revaluation gains. Shares in the company rose 3.9% in early trade after the company reported …

    Source: The Citizen - Uncategorized
  • Published on 11:29 GMT

    Tullow Oil Hones In on Ghana to Bring Debt Below $1 Billion

    (Bloomberg) -- Tullow Oil Plc will pump as much as it can from mature assets in West Africa this year as part of plans to bring debt below $1 billion. Most Read from Bloomberg The company has been chipping away at borrowings accumulated during its days as …

    Source: Yahoo Finance - Label Pending
  • Published on 09:53 GMT

    Tullow Oil Reports $55 Million Profit Amid Debt Reduction and Strategic Shifts

    Tullow Oil plc announced a $55 million profit for 2024, marking a turnaround from its $110 million loss the previous year, as the company advanced debt reduction efforts and resolved a major tax dispute in Ghana. The independent energy firm, focused on …

    Source: News Ghana - Uncategorized
  • Published on 09:36 GMT

    Tullow Oil to sell Gabon assets for $300m

    Tullow Oil has entered a binding agreement to sell its Gabon assets to Gabon Oil Company for $300m (£232.34m) net of tax. The transaction is expected to close by mid-2025 and is part of Tullow’s plan to reduce debt and streamline operations. The sale …

    Source: Offshore Technology - Neutral
  • Published on 09:17 GMT

    Tullow Oil returns to profit in 2024

    (Sharecast News) - Tullow Oil posted a return to profit in its 2024 results on Tuesday, underpinned by continued strategic delivery, production optimisation, and progress on debt reduction. The London-listed company reported profit after tax of $55m for …

    Source: London South East - Neutral
  • Published on Mar 24, 2025

    Tullow Oil to undergo 16-day maintenance shutdown of Jubilee Oil Field

    Tullow Oil Ghana and its partners have announced a scheduled 16-day maintenance shutdown of the Jubilee Oil Field, set to begin on Tuesday, March 25, 2025. The planned exercise aims to enhance production efficiency, upgrade key operations, and reduce …

    Source: GhanaWeb - Neutral
  • Published on Mar 24, 2025

    Tullow Oil to sell Gabon Oil assets for $300m cash

    Bengaluru — Tullow Oil has signed an agreement with Gabon Oil Company to sell its entire working interests in Gabon for $300m in cash, the London-listed company said on Monday, as it looks to reduce its debt burden. The West Africa-focused exploration …

    Source: BusinessLIVE - Label Pending
  • Published on 18:10 GMT

    Trump's Tariffs on Venezuelan Crude Spark Bullish Sentiment in Oil Markets

    Trump's decision to place sanctions on any country buying Venezuela's oil has sparked some bullishness in oil markets this week. - As London-based energy major Shell (LON:SHEL) issued its 2024 annual report ahead of this year’s Annual General …

    Source: Oil Price - Neutral
  • Published on Mar 24, 2025

    Petroleum Commission ,Upstream Petroleum Chamber hold roundtable discussions

    Chief Executive of the Petroleum Commission, Emeafa Hardcastle has assured Upstream Petroleum companies of her determination to increase collaboration between the Regulator and the exploration and service companies as stakeholders in the sector seek a …

    Source: Business and Financial Times - Label Pending
  • Published on Mar 24, 2025

    Noble plans to shed two cold-stacked drillships

    No drillships were retired from the global fleet in 2024; but that trend will end this year following an announcement by Noble. To lower costs and have a “leaner, fitter fleet”, Noble president and chief executive, Robert Eifler, said it plans to retire …

    Source: Riviera - Neutral
  • Published on Mar 24, 2025

    Trading volume on GSE declines for second consecutive sessio...

    Investor activity on the Ghana Stock Exchange (GSE) continued to slow on Thursday, March 20, 2025, as trading volume dropped for the second straight session. After peaking at 748,650 shares on Tuesday, market participation has been on a downward trajectory …

    Source: Modern Ghana - Neutral
  • Published on Mar 21, 2025

    Q1 2025: People on the move and company news of the offshore energy industry

    C-suite changes As part of its multi-year leadership changes and succession planning strategy, Transocean Ltd. has promoted Keelan Adamson, current president and COO, to president and CEO, according to a Feb. 18 company news release. He will assume his new …

    Source: Offshore - Neutral
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