UK MARKET TALK ROUNDUP: SHARES GAINING
9th Jun 2010 08:14
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] 0714 GMT [Dow Jones] Tullow Oil's (TLW.LN) Mahogany-5 appraisal well on Ghana's Jubilee oil field has come in as expected,
Read moreLondon pre-open: Stocks set to rise
9th Jun 2010 08:04
London's blue chips are expected to open firmer after yesterday's rebound by Wall Street. Financial software provider Misys is to return more than $1bn to shareholders after selling the majority of its stake in its Allscripts subsidiary. The sale of shares by Misys will enable Allscripts to procee
Read moreTullow Oil:Mahogany-5 Successfully Appraises Southeast Jubilee
9th Jun 2010 07:07
LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN), an oil and gas company, said Wednesday the Mahogany-5 appraisal well has continued the successful appraisal of the area immediately to the southeast of the Jubilee Field offshore Ghana. MAIN FACTS: -The results of drilling, wireline logs and reser
Read moreTullow finds more oil offshore Ghana
9th Jun 2010 07:05
Tullow Oil has found oil at its Mahogany-5 appraisal well immediately to the southeast of the Jubilee field offshore Ghana, making it four out of five strikes in the region. The well, drilled down to 3,988 metres in water nearly three quarters of a mile deep, penetrated a total net oil pay of 23 me
Read moreUPDATE:Uganda Kingdom Wants Oil Law To Define Revenue Sharing
8th Jun 2010 12:47
(Adds quotes from government minister.) By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Uganda's Bunyoro kingdom wants the government to revise the proposed oil bill, slated to be tabled in parliament this month, to ensure that it defines clearly the terms
Read moreUganda Bunyoro Kingdom Wants New Oil Law To Define Revenue-Split
8th Jun 2010 11:37
By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Uganda's Bunyoro kingdom wants the government to revise the proposed oil bill, slated to be tabled in parliament later this month, to ensure that it defines clearly the terms of oil revenue-sharing, a kingdom spoke
Read moreFTSE 100 movers: BP continues to suffer
24th May 2010 15:02
BP's woes in the Gulf of Mexico are dragging down its peers and the Footsie. The oil disaster in the Gulf of Mexico has cost BP about $760m (£525m) so far and the under-fire oil giant faces being "pushed out of the way" if its clean-up operation doesn't do better. A week ago, the cost was estimate
Read moreLondon afternoon: Back to square one
24th May 2010 13:42
Footsie has limped back into positive territory, helped by an about turn by the mining stocks. After spending the morning down in the dumps Rio Tinto is now the best performing mining stock as metal prices head northwards. Fellow mining stocks Xstrata and Anglo American join Rio on the rise but S
Read moreLondon midday: Resource stocks under the weather
24th May 2010 12:35
Resource stocks have driven the Footsie into the red after a bright start. The oil disaster in the Gulf of Mexico has cost BP about $760m (£525m) so far and the under-fire oil giant faces being "pushed out of the way" if its clean-up operation doesn't do better. So far 23,000 claims have been fi
Read moreLondon close: Shares limp higher
24th May 2010 10:50
On an largely directionless day for Footsie, the leading share index was just a few points higher at trading's close. Shares in BP were under pressure again. The oil giant followed what has become a daily update on the oil leak situation in the Gulf of Mexico with an announcement that it will pay
Read moreMixed drilling results at Tullow
19th May 2010 08:10
Oil group Tullow has seen mixed results from its latest batch of drilling on its acreage in Uganda and Gabon. The Nzizi-3 well in Uganda Block 2 successfully appraised the Nzizi gas field. The Noix de Coco-1 well in Gabon encountered wet gas but in poor quality reservoir sandstones. "The Nzizi-3 a
Read moreTullow agrees South America licence deal
17th May 2010 07:46
Tullow Oil has signed a heads of agreement with Staatsolie in relation to Block 47, a 2,369 sq km deepwater exploration licence offshore Suriname. The signing will enable the parties to finalise a production sharing contract for the Block and enhance Tullow's portfolio of high-impact exploration a
Read moreLondon open: Footsie starts lower
12th May 2010 08:42
London's top stocks opened slightly lower as David Cameron started his first full day as Britain's new prime minister. Cameron, the country's youngest prime minister for almost 200 years, will head a coalition government of the Conservatives and Liberal Democrats after a day of more dramatic twists
Read moreLondon pre-open: Small drop ahead
12th May 2010 07:38
The Footsie is expected to drop slightly when it opens to a new Conservative government after David Cameron was appointed Britain's new prime minister last night. Cameron, the country's youngest prime minister for almost 200 years, will head a coalition government of the Conservatives and Liberal D
Read moreTullow makes strong start to 2010
12th May 2010 07:04
Tullow Oil says it has continued to perform "very strongly" in 2010 and remains "very positive" about the outlook for the year. Significant progress has been made on the Ugandan pre-emption and farmdown, the Jubilee Phase 1 development project in Ghana remains on track for first oil in the fourth q
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