Tullow Oil plc (the “Group”, the “Company” or “Tullow Oil”) today announces the launch of an offering (the “Offering”) of $300 million of Convertible Bonds due 2021 (the “Bonds”). The proposed Convertible Bond Offering will further diversify Tullow Oil’s sources of funding and the proceeds will be used for general corporate purposes and to fund […]

Egypt has been able to reduce the balance that is owed to foreign operators in the country. The arrears now total $3.4 billion. Petroleum Minister Tarek El Molla told Reuters that Egypt received crude oil and natural gas from the foreign partners’ share during 2015/16 worth $5.4 billion. Egypt paid them $5.5 billion.

Two ENI workers are dead in Nigeria after the boat transporting them in Nigeria was attacked by unknown militants. The attack took place on June 29. The militants attacked the boat when it was on its way to a well site near Nembe. Three ENI workers escaped and two were initially missing but their bodies […]