Edition:
United Kingdom

Shadia Nasralla

Tullow to book $1.5 billion writedown on oil price outlook, reserves

15 Jan 2020

LONDON Tullow Oil is to take a $1.5 billion (1.15 billion pounds) writedown after cutting its long-term oil price assumptions by $10 to $65 a barrel, a downgrade to reserves in Ghana and disappointing exploration wells, the company said on Wednesday.

Premier Oil plans $500 million rights issue for North Sea buying spree

07 Jan 2020

LONDON Premier Oil is set to buy North Sea assets from BP and increase its stake in the Tolmount gas project, funded by a $500 million (379.97 million pounds) rights issue, but faces opposition from hedge fund ARCM, which vowed to fight the plans.

UPDATE 5-Oil prices fall as U.S. crude stocks jump

11 Dec 2019

* Coming up: U.S. EIA inventory data at 1530 GMT (Updates prices, adds Aramco trading)

Britain's Tullow Oil chief to exit as group loses half its value

09 Dec 2019

LONDON More than half of the value of Africa-focused Tullow Oil was wiped out on Monday as Chief Executive Officer Paul McDade stepped down and the oil producer scrapped its dividend after failing to meet production targets due to weak performance by flagship assets in Ghana.

Saudi delivers deeper cuts as OPEC+ oil producers back new pact

06 Dec 2019

By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin

Saudi, Russia look to seal deeper output cuts with producers

06 Dec 2019

By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin

OPEC and allies prepare to deepen oil output cuts

05 Dec 2019

* OPEC+ seeks additional cuts of more than 400,000 bpd -sources

OPEC, Russia debate deeper oil cuts as new glut looms

04 Dec 2019

MOSCOW/VIENNA OPEC and its allies led by Russia are gearing up to approve deeper oil production cuts this week to prevent a new glut and a collapse on oil prices with OPEC member Iraq saying the move was supported by key members.

North Sea oil producer Siccar Point attracts bids of up to $2 billion: sources

22 Nov 2019

LONDON Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources.

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