Cnooc

23 results

Tullow expects full-year production from working oil and gas wells in West Africa and the North Sea to be 89,000 to 95,000 barrels a day. File photograph: Getty Images

Explorer Tullow Oil will next year begin drilling in an area close to where rival Exxon Mobil has discovered four billion barrels of crude, worth abou(...)

The new crude pipeline will connect Uganda’s Hoima oilfields in the west to the port of Tanga in neighbouring Tanzania.  Photograph: iStock

Standard Bank Group’s Ugandan unit plans to raise $3 billion (€2.56bn) for a crude pipeline by the second half of next year as the east African countr(...)

Protests and opposition delayed production at the Corrib gas field by more than a decade. Photograph: Bryan O’Brien

No doubt, Shell is glad to see the back of the Corrib natural gas field, even if it is on track to lose about €1 billion on 15 years of heavy investme(...)

Aidan Heavey: Mr Heavey (64) will continue to receive his chief executive remuneration and benefits for six months after stepping down

Tullow Oil’s outgoing chief executive, Aidan Heavey, has said he was “confident” the exploration group had the ability to prosper as he handed over t(...)

An oil drilling block managed by Tullow Oil in Kenya where it says  it continues to make good progress. Photograph: AFP

Investment banks and securities firms underwriting a $750 million (€706 million) Tullow Oil share sale are on track to avoid being left holding large (...)

Founding chief executive  Aidan Heavey will hand over to chief operating officer, Paul McDade.

Tullow Oil received backing from its shareholders at a meeting in London on Wednesday to complete a £607 million (€710 million) share sale to bolster (...)

Aidan Heavey will remain chairman of Tullow Oil for up to two years. Photograph: Nick Bradshaw

Tullow Oil has unveiled plans to raise £607 million (€695 million) through a share sale offered to existing shareholders at a deeply discounted price (...)

Providence Resources estimates the Druid field could ultimately deliver 3.9 billion barrels of oil.

The cost of drilling an exploration well at Providence Resources’ Druid field in the Atlantic ocean will be 30 per cent lower than previously planned (...)

Heat waves are seen as cars and trucks try and get past a wild fire 16km south of Fort McMurray, Alberta, on highway 63, on Friday. Chad Morrison, Alberta’s manager of wildfire prevention, said the cause of the fire hasn’t been determined, but that it started in a remote forested area and could have been ignited by lightning. Photograph: PA

A raging Canadian wildfire grew explosively on Saturday as hot, dry winds pushed the blaze across the energy heartland of Alberta and smoke forced the(...)

Providence Resources, the oil and gas explorer, has raised $163m from share sales over the past decade to fund the development of its Irish offshore assets

Providence Resources, the oil and gas explorer locked in talks with its main creditor and financial advisers after a court ruling landed it a bill of (...)

  • 1
  • 2
  • 3
  • Next
  • Last »