Tullow Oil Share Discussion Threads

[xxnjr] 08/3/2022 09:54

Thanks SS lots of detail in there. Something will have to be done in Europe to reduce dependence on Russian gas but there are no obvious quick wins other than importing more LNG from places like US and Qatar.

Back to TEN, that unidentified tanker arrived this AM and looks to be lining up to the FPSO for an offload which will probably complete tomorrow late pm/evening.

[nicebut] 08/3/2022 09:43

Results are tomorrow.

`-- 2021 year-end reserves and resources audits are ongoing and the final position will be provided at the Group's Full Year Results on 9 March 2022.

Conference call - 09:00 GMT`

[janhar] 08/3/2022 09:36

Results in 10 days - looking forward to the outlook statement and comments on debt reduction!! Can't believe we're not much higher than this. Added yesterday

[waldron] 08/3/2022 07:31

Brent Crude Oil NYMEX 127.60 +3.56%

[subsurface] 08/3/2022 06:59

The AFrica plan

Could these be some of the key players?

Samuel Dussow Aworet bought 7% of Tullow

Phuthumo Nhleko Tullow Chairman.

Aliko Dangote Nigeria


Dangote Oil Refinery is a 650,000 barrels per day (BPD) integrated refinery project under construction in the Lekki Free Zone near Lagos, Nigeria.

Dangote Fertilizer
Dangote Fertiliser Plant is Africa’s largest Granulated Urea Fertiliser complex. The plant occupies 500 hectares of land in Lekki Free Trade Zone, Lagos Nigeria. It was built at a cost of $2.5 Billion.

[xxnjr] 08/3/2022 00:52

It certainly does SS but how is the gas going to get from Ghana to Europe? I could see ENI doing something in the pipeline space combining Ghana and new Ivory Coast finds but that could be at least 3 yrs away at best even if trigger pulled today? In the meantime Kosmos/BP seem quite well positioned. Their 2.5 mmtpa FLNG is >70% built and comes on in about 18 months. Plus they will FID within 6 months phase 2 another 2.5 mtpa making use of same facility for gross CAPEX of $1bn. Beyond that they have a 15 mmtpa LNG scheme on 'fast track' to FID but build out is probably at least 5 yrs away.

[subsurface] 07/3/2022 22:21

Russia Threatens To Cut Off Flow Of Nordstream 1 Pipeline

Russia’s Deputy Prime Minister Alexander Novak on Monday has said that Russia could cut natural gas supplies to Germany via the Nord Stream 1 pipeline.

“In connection with unfounded accusations against Russia regarding the energy crisis in Europe and the imposition of a ban on Nord Stream 2, we have every right to take a matching decision and impose an embargo on gas pumping through the Nord Stream 1 gas pipeline,” Novak said in a state television broadcast on Monday, adding that “so far, we are not taking such a decision.”

Russia has long maintained that it was not using natural gas as a weapon, but that hasn’t stopped the United States and others from warning Europe that being beholden to Russia for a significant share of its natural gas supplies could allow Russia to weaponize the flow of that gas.

Today, those warnings seem well-founded, although Russia has yet to make good on its new threat.

U.S. lawmakers have long maintained that Russia’s Nord Stream 2 pipeline—which is now complete but not flowing gas—would further put Europe in Russia’s grip with energy security. Germany, already reliant on Russia for much of its natural gas needs, ruled last October that the Nord Stream 2 pipeline posed no security-of-supply threat.

But Germany itself asked the economy ministry to withdraw a binding opinion stating that it posed no threat, so the country could shelve the pipeline after Russia’s invasion of Ukraine.

Europe gets 40% of its natural gas supply from Russia.

If Russia does cut off the flow of Nord Stream 1, natural gas prices in Europe will climb even higher. Natural gas prices are already at a record high, up 42% from Friday’s close to $293 per MwH on Monday.

The case must be stronger now for Africa gas to Europe!

[florenceorbis] 07/3/2022 17:01

Price (GBX)
56.80 7.45% (3.94)

[waldron] 07/3/2022 11:46

Price (GBX)
58.80 11.24% (5.94)

Open / Last close
53.14 / 52.86

High / Low
59.26 / 53.14

Bid / Offer
58.74 / 58.86

Special Condition: -
Trading Status: Regular Trading
FTSE All-Share
As at 07.03.22 11:30:08 - All data delayed at least 15 minutes

[waldron] 07/3/2022 11:46

Price (GBX)
58.80 11.24% (5.94)

Open / Last close
53.14 / 52.86

High / Low
59.26 / 53.14

Bid / Offer
58.74 / 58.86

Special Condition: -
Trading Status: Regular Trading
FTSE All-Share
As at 07.03.22 11:30:08 - All data delayed at least 15 minutes

[bootycall] 07/3/2022 11:14

Mind The Long Term Gap :)

[xxnjr] 07/3/2022 11:02

Been a while since we had an offload from TEN. An unidentified tanker is about 250 kms out heading in the general direction of W.Ghana. Considering Jubilee and Sankofa both had recent offloads then if this vessel stays on course TEN comes into view; suggesting production at TEN still in decline.

[xxnjr] 07/3/2022 08:43

off topic, slightly crazy

UK 1 month gas is up 73.81% today at 788p (per therm/btu or whatever the pricing unit is?)

[thommie] 07/3/2022 08:31

At 78$\bbl yes. But IR told me the big chunk of their lowest hedges dont come on their book before Q2. So atm it should profit more than that. But the next tullow cargo wont be before mid march at jubilee. If you add the 5-6k bopd from the pre emption stake that doesnt count into that it looks a bit more rosy. But in the end tullow profits from a higher oil price nevertheless. No matter how much is hedged, higher oil price is better than a low one :)And it will enable tullow to get rid of their kenya stake at a far better price.

[wolfofhounslow] 07/3/2022 07:49

Is it true that 75% of Tlw production has a hedged at 75???

[waldron] 07/3/2022 07:28

European markets set to fall as U.S., Europe consider Russian oil ban; oil prices surge

Published Mon, Mar 7 20221:28 AM EST

Updated 45 Min Ago

Elliot Smith
@ElliotSmithCNBC

Key Points

U.S. Secretary of State Antony Blinken told NBC on Sunday that Washington is in “very active discussions” with European governments about banning imports of Russian crude.

Russia has continued to ramp up its assault on neighboring Ukraine in recent days, with forces attempting to advance and isolate the capital city of Kyiv and other major cities while being met with fierce Ukrainian resistance.

LONDON — European stocks are set to tumble on Monday after news that the U.S. and European allies are considering a ban on Russian oil imports, posing a risk of global “stagflation.”

Britain’s FTSE 100 is seen around 137 points lower at 6,850, Germany’s DAX is set to slide by around 379 points to 12,716 and France’s CAC 40 is expected to drop by around 152 points to 5,910, according to IG data.

[fizzmiss] 07/3/2022 06:54

That will be the only thing that moves the share price up.... , let's all remember that before the ramp pump and dump syndicate start shouting.

[waldron] 07/3/2022 06:25

U.S. crude oil briefly tops $130 a barrel, a 13-year high on possible Western ban of Russian oil


Published Sun, Mar 6 20226:48 PM EST

Updated 37 Min Ago

Tanaya Macheel
@tanayamac
cnbc


Oil prices continued to surge in Monday morning trade as the market reacted to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas.

West Texas Intermediate crude futures, the U.S. oil benchmark, spiked nearly 9% higher to $126.05 per barrel. At one point the price rose to $130.50 Sunday evening, its highest since July 2008, before retreating.

The international benchmark, Brent crude, soared 9.9% higher to $129.75. Brent hit a high of $139.13 at one point overnight, also its highest since July 2008.

[subsurface] 07/3/2022 05:17

Brent now over $133

[mccracken227] 06/3/2022 23:08

Brent opens up 10$ at around 126$

[fizzmiss] 06/3/2022 21:02

Raul has never bought a single share, sighhhhhhhhhhhhhhhhhhh!

[subsurface] 06/3/2022 20:49

7 March 2022, Oil News

Libya oil production falls after 2 crucial fields shut down
Libya’s national oil company says that an armed group has shut down two crucial oil fields, causing the country’s daily production of oil to drop by 330,000 barrels

[thommie] 06/3/2022 19:37

And thats only the peak of the iceberg! How many appraisel wells would be needed (costing another 200-300m) before any development that would cost billions before any production in maybe 2026-2027?For me any farm down with a free carry on any drilling costs would be perfect. Tullow could then sell its little stake in any potential discovery to a major for some money.. This high cost drills are just nothing for a mid cap independent!