Record revenue for Tullow Oil

Tullow Oil has totted up record revenues for the first half of 2011. Its trading statement revealed incoming funds of $1.05 billion, compared with $486 million for the same period in 2010. Tullow has interests in 15 countries across Africa, pulling in some of its largest oil production from Ghana and Equatorial Guinea. Its Jubilee […]

Global oil players meet to identify technology gaps

Global offshore players will meet in Aberdeen tomorrow to draw up a blueprint to meet the oil industry’s biggest technology challenges. BP, Kuwait Oil, Statoil, Total, Maersk and Tullow will be among the organisations gathering to identify technology gaps in the sector. The meeting is being convened by the ITF, a not-for-profit organisation that acts […]

Uganda poised for oil breakthrough

Uganda is on the brink of becoming one of the main players in world oil production. The Lake Albert region of the country is home to an estimated 400m barrels of oil. The site covers an area of over 12,000 square kilometres which has been split up into three blocks. These blocks, Block 1, 2 […]