Article archive for Tullow Oil;
UK-based oil explorer, Tullow oil has secured a $2 billion loan to finance the full development of its massive Jubliee oilfield off the coast of Ghana, sending the company’s shares up over 9%. The loan, a refinancing of cash that Tullow borrowed to buy the field in the first place, will help to fill a gap as its North Sea extraction dwindles and as it builds the pipelines and other infrastructure required to move to full production at Jubilee in the second half of 2010. ...
