UPDATE:Tullow:First Oil From Ghana Jubilee Field In Nov Or Dec
1st Jul 2010 10:23
(Adds output detail.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The first oil will be produced from Ghana's Jubilee field in November or December and output will reach 120,000 barrels a day within six months, field operator Tullow Oil PLC (TLW.LN) said Thursday. The
Read moreTullow Oil: Ghana's Tweneboa Field May Hold 1.4B BOE Reserves
1st Jul 2010 09:40
LONDON (Dow Jones)--Ghana's Tweneboa and Jubilee oil fields could contain up to 1.4 billion and 1.5 billion barrels of oil equivalent in oil and gas reserves respectively, said field operator Tullow Oil PLC (TLW.LN) Thursday. This represents a slight decrease in the total resource upside estimat
Read moreNorthern Petroleum Initiates Strategy To Raise Activity, Funds
30th Jun 2010 10:25
LONDON (Dow Jones)--Northern Petroleum PLC (NOP.LN), an independent oil and gas exploration, development and production company, said Wednesday it has initiated a change of strategy to increase activity and greater progress in realizing the potential of its assets. MAIN FACTS: -An emphasis i
Read moreUganda Minister Outlines Oil Production Deals To Parliament
30th Jun 2010 09:34
KAMPALA, Uganda (Dow Jones)--Uganda's energy and minerals development minister has outlined the country's oil production-sharing agreements with private oil exploration companies to parliament Tuesday, yielding to persistent demands for details of the agreements by lawmakers. The agreements stip
Read moreLondon close: Footsie dives on economic concerns
29th Jun 2010 16:31
London's leading shares ended with heavy losses as concerns about the global economy resurfaced again. Traders were nervy in Europe about bank payments that need to be made to the European Central Bank this week, while triple-digit falls on Wall Street added to London's woes. As in London, US in
Read moreLondon afternoon: Stocks dive deeper
29th Jun 2010 14:27
Expectations of a triple-digit fall on the Dow Jones index when Wall Street opens has added to London's woes. As in London, US investors are concerned that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said overnight that its
Read moreUPDATE: Uganda Ups Security Along W Border After Rebel Attack
29th Jun 2010 14:21
(Adds confirmation of attack) KAMPALA, Uganda (Dow Jones)--The Ugandan army has increased its presence along the country's oil-rich western border with the volatile Eastern Congo following a rebel attack that left 16 people dead, an army spokesman said Tuesday. The Ugandan rebel group, the
Read moreLondon midday: Footsie waves goodbye to 5,000
29th Jun 2010 12:06
Footsie fell below 5,000 as mining shares tanked in the morning session on concerns that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said its China leading economic index rose just 0.3% in April, a sharp revision down from
Read moreUganda Won't Budge On Tax Dispute With Heritage - Minister
29th Jun 2010 11:59
KAMPALA, Uganda (AFP)--Uganda said Tuesday it won't allow Canada's Heritage Oil Corp. (HGOCF) to sell its share of the country's oil reserves until the company agrees to pay a 30% capital gains tax. Heritage has for several months been trying to sell the deposits it controls to London-listed Tul
Read moreUganda Tightens Security Along Western Border Over Rebel Threat
29th Jun 2010 11:24
KAMPALA, Uganda (Dow Jones)--The Ugandan army has increased its presence along the country's oil-rich western border with the volatile Eastern Congo over a rebel threat, an army spokesman said Tuesday. According to Major Patrick Kamara, the spokesman of Uganda's second army division, the Ugandan
Read moreSoco Confirms Congo Presidential Decree Ratified Oil Rights
28th Jun 2010 07:38
LONDON (Dow Jones)--Soco International PLC (SIA.LN) Monday confirmed a Congolese presidential decree had ratified its rights to a key oil block. President Joseph Kabila on June 18 confirmed licenses to two blocks in Eastern Congo-Kinshasa, including the Soco one, that had been awaiting his appro
Read moreUganda Pres Holds Talks With Total, Cnooc Execs Over Oil Invest
26th Jun 2010 08:38
KAMPALA Uganda (Dow Jones)-The Ugandan president held talks with executives of China's Cnooc Ltd.(CEO), France-based Total SA (TOT) and UK-based Tullow Oil PLC (TLW.LN) over their investment proposals in the country's upcoming oil sector, the Ugandan presidency said late Friday. A presidential s
Read more2nd UPDATE: Congo Declines To Approve Key Tullow Oil Licenses
24th Jun 2010 17:42
(Rewrites, adds comment from Caprikat and Foxwhelp.) By Benoit Faucon Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Congo's government has declined to ratify U.K.-listed Tullow Oil PLC's (TLW.LN) licenses for two key oil exploration blocks, instead awarding them to companies owned by a rela
Read moreUPDATE:Tullow Stands By Claim As Congo Gives Blocks To Others
24th Jun 2010 15:31
(Adds more quotes from spokesman.) LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) said Thursday that it had no doubt about the validity of its claim on two oil blocks in Congo and was reviewing its options after the blocks were awarded to unknown companies. A decree, supplied to Dow Jones Newsw
Read moreTullow Stands By Its Claim As Congo Gives Blocks To Other Cos
24th Jun 2010 13:49
LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) said Thursday that it had no doubt about the validity of its claim on two oil blocks in Congo and was reviewing its options after they were awarded to unknown companies. A decree, supplied to Dow Jones Newswires by non-governmental website www.leganet.
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