Company Overview and News

[Press] ODE appointed Pipeline Operator for IOG Blythe & Vulcan Satellites Hub Developments

2018-04-17 oilvoice
International engineering and operations support services contractor ODE, an integral part of the DORIS Group, has been awarded a contract to act as Pipeline Operator on behalf of Independent Oil and Gas Plc (IOG) for the Thames Pipeline that will serve the Blythe Hub and Vulcan Satellites Hub Developments.
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Tullow Oil Appoints New Non-Executive Chair

2018-04-17 rigzone
Tullow Oil plc has announced the appointment of Dorothy Thompson as independent non-executive director and chair-designate, with effect from the conclusion of the group’s annual general meeting on April 25.
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Kenya's National Oil And Schlumberger Sign Field Development Deal

2018-04-13 rigzone
NAIROBI, April 13 (Reuters) - Kenya's National Oil Corporation and U.S. oil services company Schlumberger have agreed to finalise a field development plan on behalf of the government for oil blocks in the northwest of the country.
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Kenya's National Oil and Schlumberger sign field development deal

2018-04-13 reuters
NAIROBI (Reuters) - Kenya’s National Oil Corporation and U.S. oil services company Schlumberger have agreed to finalize a field development plan on behalf of the government for oil blocks in the northwest of the country.
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Uganda Signs Agreement with Investors to Build Oil Refinery

2018-04-10 rigzone
KAMPALA, April 10 (Reuters) - Uganda signed an agreement on Tuesday with a consortium, including a subsidiary of America's General Electric, to build and operate an oil refinery in western Uganda that will cost $3 billion-$4 billion, the president's office said.
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Exxon Sparks IMF Concern With Weighty Returns in Tiny Guyana

2018-04-09 rigzone
(Bloomberg) -- Exxon Mobil Corp. got such a “favorable” deal from Guyana, home to the biggest new deepwater oil play, that the tiny South American country should rewrite its tax laws, the International Monetary Fund said.
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ExxonMobil sparks IMF concern with weighty returns in Guyana

2018-04-09 worldoil
HOUSTON (Bloomberg) -- ExxonMobil got such a “favorable” deal from Guyana, home to the biggest new deepwater oil play, that the tiny South American country should rewrite its tax laws, the International Monetary Fund said.
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[Press] Tullow Oil: Pricing of $800m Senior Notes

2018-03-17 oilvoice
16 March 2018 - Tullow Oil plc (“Tullow” or the “Company”) is pleased to announce that it has priced its offering of $800 million aggregate principal amount of 7% senior notes due 2025 at par (the “Notes”). The size of the offering has been increased from $650 million, indicated at launch on 12 March, to $800 million. Interest will be payable semi-annually. The offering is expected to complete on or about 23 March 2018, subject to customary conditions precedent for similar transactions.
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Ghana is 'about to have an oil boom'

2018-03-16 cnbc
Ghana, the west African nation known as one of the world's largest cocoa producers, is on course for skyrocketing economic growth this year thanks to an entirely different commodity.
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Tullow Oil to reset short-term debt with $650m bond

Tullow Oil will continue to drive to reset its balance sheet after a tough three year downturn by selling $650m (£470m) of bonds to cover its 2020 debt repayments.
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[Press] Tullow Oil: Announcement of Intention to Offer $650m Senior Notes

2018-03-12 oilvoice
Tullow Oil plc (“Tullow” or the “Company”) today announces that it intends to offer $650 million in aggregate principal amount of senior notes due 2025 (the “Notes”).
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Ghana President Seeks to Barter Bauxite for Roads, Bridges - Bloomberg

2018-03-06 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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[Press] Neptune Energy Represents a New Scale of Private Equity Backed Entrant to the Upstream Sector, Says GlobalData

2018-03-02 oilvoice
The completion of Neptune Energy's acquisition of Engie E&P International SA follows a trend of private equity-backed companies purchasing legacy E&P assets, but this transaction, which all-but removes Engie from the upstream sector, is on a much larger scale. Neptune Energy's portfolio is larger than those of major independents such as Tullow Oil and Premier Oil, and of a similar scale to that of Perenco, according to GlobalData, a leading data and analytics company.
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Africa Oil 2017 Fourth Quarter and Full Year Financial and Operating Results

2018-03-01 marketwired
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 28, 2018) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce its financial and operating results for the three months and year ended December 31, 2017.
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ExxonMobil pursues Ghana’s deepwater exploration acreage

2018-02-28 worldoil
LONDON -- Analysis of Ghana’s upstream oil and gas industry shows that the country currently has 21 licensed blocks, of which 14 are in the ultra-deepwater terrain, five are in shallow water, and two in deepwater, according to GlobalData, a leading data and analytics company.
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