Paul Mcdade

34 results

Aidan Heavey’s new venture Boru aims to exploit divestment drive by big energy company.

After pledging to end his career in the oil and gas sector with Tullow, the company he founded in the mid 1980s, it seems Aidan Heavey has had a chang(...)

Tullow Oil has called a halt to its farm-down agreement with Total and CNOOC in Uganda.

An agreement between Irish exploration company Tullow Oil and two international oil companies to share the costs of developing a Ugandan oil field has(...)

Tullow is pleased with progress in Guyana.

Shares in Tullow Oil jumped more than 19 per cent after the company said it had made a “substantial and high value oil discovery” off the coast o(...)

Tullow reported a rise in gross profits to $527 million compared to $521 million for the same period last year as pre-tax profits rose to $268 million from $150 million

Irish-founded explorer Tullow Oil has recorded a drop in revenues in the first half of the year, as it announced another projected fall in production (...)

A Tullow Oil drilling block in Kenya, where progress is ‘taking longer than originally forecast’. Photograph: Getty Images

Tullow Oil has pushed back the date it expects to extract oil from a key asset in Kenya as a result of delays to land acquisition and environmental im(...)

Tullow Oil has pledged to pay out at least $100 million a year to shareholders from this year. iStock

The top three executives at Tullow Oil, the Irish-founded energy company with a substantial operation in Dublin, received a significant boost in their(...)

A Tullow Oil drilling block in Kenya. Photograph: Tony Karumbatony/Getty Images

Tullow Oil could be in line for a $200 million (€177 million) boost this year after agreeing a tax settlement with Uganda’s government. The deal will (...)

The price of oil, as measured by Brent crude futures, has rallied from a low of $50.47 on Christmas Eve to as high as $58.90 on Monday

Shares in Tullow Oil pushed higher on Monday as analysts with Canada’s RBC Capital Markets upgraded their rating on the stock due to the group’s explo(...)

Tullow returned to profit this year for the first time in three years

Oil and gas group Tullow Oil said on Thursday it would reinstate its dividend for the first time since 2014 in a sign of ongoing recovery after years (...)

Tullow said four new infill wells in Ghana are expected to be on line by early next year. That addition would boost gross production to around 180,000 barrels of oil per day. Photograph: iStock

Tullow Oil said it delivered “solid results” in the third quarter of the year despite ongoing volatility in oil prices. The exploration group said it (...)

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