Tullow Oil sells Uganda asset to Total for $575m
23rd Apr 2020 09:04
(Sharecast News) - Tullow Oil said on Thursday that it has agreed to sell its entire stake in the Lake Albert development project in Uganda to Total for $575m.
Read moreWeekly US oil inventories jump, imports slip
22nd Apr 2020 18:03
(Sharecast News) - US crude oil inventories registered another sharp rise during the previous week, although there were some slight signs that market fundamentals were aligning themselves with the reduced amount of storage capacity left.
Read moreWTI higher as Trump threatens to destroy Iranian gunboats
22nd Apr 2020 15:50
(Sharecast News) - President Trump threatened on Wednesday to destroy any Iranian gunboats that harassed US ships at sea, triggering a so-called 'short squeeze' in US oil futures according to analysts.
Read moreWednesday preview: US oil inventories, Fevertree in focus
21st Apr 2020 16:13
(Sharecast News) - Investors' focus on Wednesday will remain firmly on the oil patch where the US Department of Energy will release its weekly inventory statistics.
Read moreUS oil slides back into negative territory as turmoil continues
21st Apr 2020 11:04
(Sharecast News) - The price of oil for May delivery slid back into negative territory on Tuesday, as modest improvements overnight receded and June contracts started to come under pressure.
Read moreTullow Oil appoints Delonex boss Rahul Dhir as new CEO
21st Apr 2020 09:58
(Sharecast News) - Tullow Oil has appointed Rahul Dhir - currently the chief executive officer of Africa-focused oil and gas company Delonex - as its new CEO with effect from 1 July.
Read moreHistoric rout in WTI futures amid fire sale ahead of expiry
20th Apr 2020 21:38
(Sharecast News) - US crude oil futures crashed at the start of the week with the price of West Texas Intermediate falling below zero for the first time ever.
Read moreOPEC+ clinches output deal, Russia and Saudi end price war
12th Apr 2020 21:27
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its key allies managed to pull a rabbit out of the hat at the last minute - defying skeptics.
Read moreEurope midday: Stocks near session highs led by travel and leisure issues
6th Apr 2020 12:59
(Sharecast News) - Stock market indices across Europe are trading near their best levels of the session, boosted by news of falling death rates in France, Italy and Spain, together with a big drop in the rate of new infections in the latter.
Read moreTullow Oil cuts capex, has $700m liquidity
3rd Apr 2020 11:56
(Sharecast News) - Tullow Oil said on Friday that it has $700m of liquidity and has identified further capex savings amid a "challenging external environment".
Read moreFTSE 250 movers: Finablr crashes, Premier Oil against the ropes
12th Mar 2020 16:10
(Sharecast News) - London's second-tier index finished 9.35% or 1,621.81 points lower at 15,717.42 with the benchmark gauge's most financially-strapped companies pacing losses, including Finablr and Premier Oil.
Read moreTullow Oil slashes capex, suspends dividend; warns on impact of lower prices
12th Mar 2020 07:04
(Sharecast News) - Tullow Oil swung to a full year pre-tax loss of $1.6bn driven by $2bn in exploration writeoffs, suspended its dividend and warned future results would be "adversely" hit by sustained oil prices at current levels.
Read moreEurope open: Stocks reel amid 'margin calls' in wake of oil price crash
9th Mar 2020 11:18
(Sharecast News) - Stocks on the Continent plummeted at the start of the week as crude oil prices crashed after Saudi Arabia kicked-off a price war in response to Russia's decision not to support further oil output cuts to help prop up the market.
Read moreBrent oil futures plummet 25% after Saudi Arabia cuts selling prices
8th Mar 2020 22:46
(Sharecast News) - Crude oil futures are hurtling lower following Saudi Arabia's decision to slash its official selling price, marking the start of a price war after the Organisation of Petroleum Exporting Countries's failure to strike an agreement with the Russian Federation during the previous week to curb production.
Read moreEurope close: Stocks careen lower alongside crash in Brent
6th Mar 2020 17:53
(Sharecast News) - Stocks in Europe got slammed again at the end of the week as investors rushed into the relative safety of government bonds, alongside big moves in the euro and crude oil futures.
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