Tullow Oil on Dec. 9 said its CEO Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its fields in Ghana.
Tullow Oil's stock, which surged on the news from oil discoveries offshore Guyana, shed as much as 22% of its value on Nov. 13.
A Three Forks producer by WPX, a Woodford completion in Grady County, Okla., and an oil discovery offshore Angola top this week’s drilling activity highlights from around the world.
An Eagle Ford discovery by Chesapeake, high-volume Haynesville completions and Exxon Mobil’s latest offshore discovery top this week’s drilling activity highlights from around the world.
Nexans will provide the umbilicals and ancillary hardware needed for the natural gas project offshore Mauritania and Senegal.
Marathon Three Forks discovery, Marcellus completions from Chesapeake and Cabot plus an offshore discovery by Exxon Mobil top this week’s drilling activity highlights from around the world.
Total CEO Patrick Pouyanne said he is not worried by media reports that Algiers would block the deal to buy Anadarko Petroleum's assets in the country.
Senegal started importing turbines for its first large-scale wind farm on May 23, the biggest such project in West Africa that will supply nearly a sixth of the country's power.
Speaking at an event in Washington, Total CEO Patrick Pouyanne said the oil major has had its eyes on Anadarko's Africa assets for more than a year.