London open: Solid start to week
26th Jul 2010 08:49
Relief at the relatively benign results of the European banking system stress test has encouraged buyers into the market. Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. Tony Hayward, the embattled BP chief executive, will collect
Read more2nd UPDATE: Tullow Makes Exciting New Oil Find Offshore Ghana
26th Jul 2010 08:26
(Adds Tullow comment, share price move.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) shares rose almost 6% Monday after it said it has found a major new field offshore Ghana, potentially adding a billion barrels of oil equivalent to the resource est
Read moreMARKET TALK: Tullow's Owo Discovery Is World Class - NCB
26th Jul 2010 08:04
0704 GMT [Dow Jones] Tullow Oil's (TLW.LN) latest discovery offshore Ghana, the Owo field, is world class, says NCB Stockbrokers analyst Peter Hutton. The field contains light oil, which considerably improves the economics, and will move Tullow materially closer to its top-end resource estimate of 1
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 08:04
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0704 GMT [Dow Jones] Tullow Oil's (TLW.LN) latest discovery offshore Ghana, the Owo field, is world class, says NCB Stockb
Read moreUPDATE: Tullow Oil Makes Significant New Find Offshore Ghana
26th Jul 2010 07:47
(Adds analyst comment.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) said Monday it has found a major new field offshore Ghana, potentially adding a billion barrels of oil equivalent to the resource estimate for the area. The Owo-1 well, close to
Read moreMARKET TALK: Tullow's Owo Oil Find "Really Exciting" -Panmure
26th Jul 2010 07:41
0641 GMT [Dow Jones] Tullow Oil's (TLW.LN) latest oil discovery offshore Ghana in the Owo field is "really exciting," and could add a billion barrels to the resource estimate for the area, says Panmure Gordon analyst Peter Hitchens. If Owo had not found oil, resources in the greater Tweneboa area wo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
26th Jul 2010 07:41
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0641 GMT [Dow Jones] Tullow Oil's (TLW.LN) latest oil discovery offshore Ghana in the Owo field is "really exciting," and cou
Read moreTullow Oil Makes Significant New Find Offshore Ghana
26th Jul 2010 07:21
By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) said Monday it has found a major new field offshore Ghana, continuing its outstanding run of oil exploration success in Africa. The Owo-1 well, close to the existing Tweneboa oil and gas discovery, "inter
Read moreTullow Oil: Owo-1 Well Ghana Intersects Significant Light Oil
26th Jul 2010 07:13
LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) said Monday the Owo-1 exploration well in the Deepwater Tano license offshore Ghana has intersected a significant column of excellent quality light oil. MAIN FACTS: -Results of drilling, wireline logs and samples of reservoir fluids have establishe
Read moreTullow cheers 'major new oil field' in Ghana
26th Jul 2010 07:02
Tullow Oil said it has found a significant column of excellent quality light oil when drilling the Owo-1 exploration well in the Deepwater Tano licence offshore Ghana. Results of drilling, wireline logs and samples of reservoir fluids have established Owo as a major new oil field requiring further
Read moreLondon pre-open: No decision made on Hayward yet
26th Jul 2010 00:19
Relief at the relatively benign results of the European banking system stress test looks set to encourage buyers into the market at the outset, with the FTSE 100 expected to open around 30 points higher. Tony Hayward, the embattled BP chief executive, will collect a pay and pension package worth £1
Read moreUPDATE: Uganda Won't Approve Deal Until Heritage Oil Pays Tax
25th Jul 2010 12:22
(Adds comments from President's office) By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Uganda's government won't approve the sale of London-listed Heritage Oil PLC's (HOIL.LN) stakes in two exploration blocks in the Lake Albert basin to Tullow Oil PLC (TLW
Read moreUganda Won't Approve Deal Until Heritage Oil Pays Tax -Minister
25th Jul 2010 10:42
KAMPALA, Uganda (Dow Jones)--Uganda's government won't approve the sale of London-listed Heritage Oil PLC's (HOIL.LN) stakes in two exploration blocks in the Lake Albert basin to Tullow Oil PLC (TLW.LN) until Heritage first pays capital gains tax in full, the Minister of Energy and Minerals Developm
Read moreUganda Tax Official Advises Against Arbitration In Heritage Row
22nd Jul 2010 14:20
By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--The head of Uganda's tax body has advised the country's president against arbitration in a tax dispute with Heritage Oil PLC (HOIL.LN), according to a person familiar with the matter, though it isn't clear how the
Read moreMARKET TALK: Fortum 2Q 'Disappointing', Shares Seen Down
16th Jul 2010 08:18
0718 GMT [Dow Jones] Fortum Oyj (FUM1V.HE) 2Q earnings reporting a 9% fall in net profit are "disappointing" and weaker than expected with share prices likely to react negatively, says Kepler Capital Markets analyst Ingo Becker. "I still see the full-year down anyway, but I thought the pace would be
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