Tullow Oil plc said it was not liable to pay $320 million tax on its offshore Ghana petroleum agreements following today’s ruling from the International Chamber of Commerce. FOCUS The amount relates to the branch profit remittance tax (BPRT) under the Deepwater Tano and West Cape Three Points petroleum agreements, which include the Jubilee and […]
Tag: Tullow Oil plc
Tullow NED in shares-senior notes purchase
Tullow Oil plc non-executive director Roald Goethe has bought 100,000 ordinary shares of 10 pence each in the company at £0.1964 per ordinary share. Today’s £19,640 purchase follows Mr Goethe’s acquisition on 18 December of one million of Tullow’s 7.00% senior notes due in 2025. The transaction on the OTC Bloomberg Euromarket Fixed was for […]
Tullow-Kosmos abandon offer talks
Tullow Oil plc today said that preliminary talks have ended over a possible all-share acquisition of the company by Kosmos Energy plc. CONFIDENT The company added that initial discussions had been at a “very early stage and before due diligence had progressed between the parties”. Kosmos’s own statement read that it “did not intend to make […]
Tullow in all-share offer talks with Kosmos
Tullow Oil plc said it was in preliminary discussions regarding a possible all-share offer for the company by Dallas-based Kosmos Energy Ltd. ASSETS The American company has until 5pm on 9 January 2025 either to announce whether or not it intends to make an offer. The deadline can be extended with the consent of the […]
Tullow CEO to step down
Tullow Oil plc chief executive officer Rahul Dhir will step down and resign from the board during 2025 to pursue “other business, academic and family interests”. He will remain in his role until a date to be determined. “It’s been a privilege to serve Tullow during these past four and a half years,” said Mr Dhir. […]
Tullow NED purchases 159,396 shares
Tullow Oil plc non-executive director Roald Goethe has bought 159,396 ordinary shares of 10 pence each in the company, at a price of £0.23 per ordinary share. A TR-1 notification showed that the £36,661 purchase took place on 11 September 2024.