Latest news with #TullowOil
Daily Mirror
4 days ago
- Entertainment
- Daily Mirror
Rory McIlroy set for star-studded line-up of neighbours at new UK mansion
Rory McIlroy is set to move into his new mansion in Surrey in the coming weeks, and the home is located on an estate that is also home to a host of other famous faces Fresh from completing the career grand slam, Rory McIlroy is preparing to relocate his family to London. Masters success ended his Major championship dry spell in April, as the 36-year-old secured the only major championship absent from his impressive CV. That ensured his place in the sport's pantheon of greats, and marked a significant milestone for McIlroy, who celebrated the victory by returning to his hometown of Holywood in Northern Ireland to visit his parents. Before landing in Belfast, however, he, his wife Erica Stoll, and their daughter Poppy made a brief stopover in London in their private jet to view the Surrey mansion they plan to inhabit. For several years, McIlroy and his family have lived in a luxurious residence in Jupiter, Florida, an area known for its affluent golfers, actors, and business tycoons. Florida's sunny weather undoubtedly suits McIlroy's golfing ambitions, as its climate and facilities allow him to train all year round. However, the five-time major champion has not kept secret his and his wife's wish to move to the UK, with the couple purchasing a property on the Wentworth Golf Club estate a few years ago. After reportedly spending over €10 million on renovations to the Surrey home, the McIlroys are now expected to move in next month. In doing so, they will join a host of famous faces who have chosen to live in this exclusive enclave. Rory McIlroy is set to rub shoulders with some of the biggest names in sports and beyond as he joins an illustrious neighbourhood. The golfing ace's new digs are in a locale that boasts residents like South African legend Ernie Els, former Ryder Cup captain Thomas Bjorn, and his own Irish compatriot Paul McGinley, who has a place in nearby Sunningdale - as does another former Ryder Cup captain, Sam Torrance. Justin Rose, whom McIlroy outplayed in a thrilling playoff to clinch the Masters title, also resides in the area. Former Chelsea captain John Terry, an avid golfer, lives close to Wentworth, as does ex-England cricketer Kevin Pietersen. In the past, Formula One legend Eddie Jordan owned a house in the area, as did Ukrainian footballer Andriy Shevchenko. McIlroy's neighbours will also include royalty and high-profile business magnates such as the Sultan of Brunei, Hassanal Bolkiah, and Russian oligarch Petr Aven. Aidan Heavey, the man behind Tullow Oil, is another notable figure with property on the estate. The luxurious surroundings of Wentworth and its easy access to London and international airports have attracted individuals from all walks of life. Music legends Elton John and Cliff Richard have both owned houses in the area over the years. Wentworth Estate has also been home to former Chilean dictator Augusto Pinochet, Sarah Ferguson, the Duchess of York, and chat show king, Michael Parkinson. However, living in such opulent surroundings isn't for everyone. Gary Numan shared his eerie experience with Uncut music magazine in 2019, revealing, "I had a big neo-Georgian house on Wentworth golf course, but I was convinced it was haunted. "Some weird s*** had been going on – I'd come home and the house was in darkness when I was convinced I'd left the lights on. "So one day, I made a point of turning on every single light in the house. I got back from the studio and – f*** me – the house was in total darkness."
Daily Record
4 days ago
- Entertainment
- Daily Record
Rory McIlroy's mega famous list of neighbours at his new Surrey mansion as he moves back to UK
Rory McIlroy is set to relocate to the UK with his wife and daughter after finally ending his major drought with his Masters win last month and the family are set to have a lengthy list of famous neighbours. Fresh off his Masters triumph and achieving the career grand slam, Rory McIlroy is gearing up to move his family to London. The 36- year-old Irish man ended his long major drought last month by clinching the only major championship missing from his impressive resume, joining a select group of golfers who have won the career grand slam. This marked a significant milestone for McIlroy, who celebrated the victory by returning to his hometown of Holywood in Northern Ireland to visit his parents. However, before landing in Belfast, he, his wife Erica Stoll, and their daughter Poppy made a brief pit stop in London in their private jet to check out the Surrey mansion they plan to call home. For several years, McIlroy and his family have lived in a lavish residence in Jupiter, Florida, an area brimming with ultra-rich golfers, actors, and business tycoons. The sunny Florida weather undoubtedly suits McIlroy's golfing ambitions, as its climate and facilities allow him to practice year-round. However, the five-time major winner has not hidden his and his wife's desire to relocate to the UK, having bought a property on the Wentworth Golf Club estate a few years ago, Belfast Live reports. After reportedly splashing out over €10 million on refurbishments to the Surrey house, the McIlroys are now set to move in next month. In doing so, they will join a lengthy roster of famous faces who have opted to live in an area renowned for its exclusivity. In the elite circles of golf, McIlroy is set to rub shoulders with neighbours such as South African icon Ernie Els and ex-Ryder Cup captain Thomas Bjorn. Fellow Irishman Paul McGinley has digs in nearby Sunningdale, joined by another Ryder Cup veteran, Sam Torrance. Justin Rose, whom McIlroy outplayed in a playoff to clinch the Masters, also calls this posh locale home. Ex-Chelsea captain and keen golfer John Terry is situated near Wentworth, along with former England cricketer and fellow golf enthusiast Kevin Pietersen. Previously, F1 legend Eddie Jordan and Ukrainian football star Andriy Shevchenko also had residences in the vicinity. McIlroy's notable future neighbours will include Wentworth Estate resident Sultan of Brunei, Hassanal Bolkiah, and Russian tycoon Petr Aven. Tullow Oil's founding father Aidan Heavey also stakes claim to a property within the estate. The opulent Wentworth with its prime London access and proximity to international travel hubs has become a magnet for many diverse high-profile personalities. Music legends like Elton John and Cliff Richard have at times owned properties here. The estate has even housed figures such as the former Chilean dictator Augusto Pinochet, Sarah Ferguson, the Duchess of York, and television royalty Michael Parkinson. However, the desire to stay in such affluent neighbourhoods isn't for all celebs, as singer Gary Numan shared with Uncut music magazine in 2019: "I had a big neo-Georgian house on Wentworth golf course, but I was convinced it was haunted. "Some weird s*** had been going on – I'd come home and the house was in darkness when I was convinced I'd left the lights on. "So one day, I made a point of turning on every single light in the house. I got back from the studio and – f*** me – the house was in total darkness."
Yahoo
15-05-2025
- Business
- Yahoo
Tullow Oil Exits Gabon, Announces Asset Sale Worth $300 Million
Tullow Oil plc TUWOY, a London-based independent exploration and production company, has announced the sale of its entire portfolio of assets in Gabon. The company has signed a sale and purchase agreement to sell 100% of the shares of Tullow's subsidiary, Tullow Oil Gabon S.A., to Gabon Oil Company. The company announced its exit from Gabon in March 2025, following which the agreement was signed for a total cash consideration of $300 million. The assets included in the transaction were expected to contribute around 100,000 barrels of oil per day (bopd) to Tullow Oil's total production guidance for the year. Furthermore, the assets also include 36 million barrels of proved plus probable reserves (2P reserves). The completion of the sale is subject to the receipt of all necessary government and regulatory approvals. The transaction is expected to be completed by mid-2025. TUWOY has stated that the proceeds from the deal shall be utilized to reduce its net debt and improve its balance sheet. The company has stated that the sale of its Gabonese assets is beneficial to both the company and its shareholders. Tullow Oil plans to retain its focus on its core assets in Ghana. TUWOY currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks from the energy sector are Diversified Energy Company plc DEC, Expand Energy Corporation EXE and RPC, Inc. RES, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Diversified Energy Company is an independent oil and natural gas producer in the United States. The company is primarily engaged in the production, transportation, and marketing of natural gas and natural gas liquids. The rising demand for natural gas as a cleaner-burning fuel, along with an uptick in the commodity's prices, is expected to positively impact DEC's bottom line. Expand Energy is a leading U.S.-based natural gas producer formed through the merger of Chesapeake Energy Corporation and Southwestern Energy Company. Natural gas is expected to play an increasingly important role in the energy transition journey. Expand Energy is poised to benefit from the rising demand for natural gas as a cleaner-burning fuel. The recent rise in natural gas prices is also anticipated to positively impact EXE's profitability. RPC generates strong and stable revenues through a diverse range of oilfield services, including pressure pumping, coiled tubing and rental tools. RPC is strongly committed to returning value to shareholders through consistent dividend payments and share buybacks, making it an attractive choice for investors seeking steady returns. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Diversified Energy Company PLC (DEC) : Free Stock Analysis Report RPC, Inc. (RES) : Free Stock Analysis Report Tullow Oil PLC (TUWOY) : Free Stock Analysis Report Expand Energy Corporation (EXE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Russia Today
15-05-2025
- Business
- Russia Today
Pump oil ‘like there's no tomorrow'
Ghanaian President John Mahama has urged investors to ramp up oil production in the West African country like 'there's no tomorrow,' as delays in drilling could leave valuable resources untapped amid a global transition to renewable energy. The call comes as Ghana faces a steady decline in crude output. 'Everybody who has any assets should be pumping like there's no tomorrow,' the Ghanaian leader said, speaking at the Africa CEO Forum in Abidjan, the commercial capital of Ivory Coast (Cote d'Ivoire) on Tuesday. 'I will lay a red carpet to anybody who wants to drill and pump oil because in the next decade or two, the world would have made a transition to renewables,' he explained. Despite calling for accelerated drilling, Mahama reaffirmed Ghana's commitment to clean energy, noting that the Renewable Energy Act mandates at least 10% of the national energy mix come from renewable sources. Ghana's oil production fell to 48.25 million barrels in 2023, down from 71.44 million in 2019, according to the Public Interest and Accountability Committee, which monitors petroleum revenues. Mahama, who took office in January, accused the former government of holding back the sector through regulatory delays and disputes with key investors, including London-based Tullow Oil and Italy's energy giant Eni. 'ENI was held in contempt and they had to move all their expatriate management to Cote d'Ivoire. We saw a lot of decline in production, about 7% annually,' he said, before adding that the company has now returned to Ghana and is 'drilling again.' He said the unresolved 'squabbles' had undermined investor confidence, resulting in 'a lot of disinvestment,' but added that 'investor confidence has come back.' Mahama said his government is pursuing new commitments to boost oil and gas production, including plans to build a second gas processing train to handle increased output from the country's first offshore field, Jubilee. Ghana's major offshore assets include the Jubilee Field, operated by Tullow, along with the TEN and Sankofa fields, involving firms such as Kosmos Energy, PetroSA, and state-owned GNPC.
Yahoo
14-05-2025
- Business
- Yahoo
Tullow Oil seals $300m Gabon assets sale to Gabon Oil Company
Tullow Oil has signed a share and purchase agreement (SPA) with Gabon Oil Company to sell its entire working interest in Gabon for a cash consideration of $300m (£252.57m). The deal encompasses Tullow's Gabonese portfolio, which includes forecasted oil production of 10,000 barrels per day (bpd) for 2025 and 36 million barrels of 2P (proven) reserves, audited at the end of 2024. Tullow Oil and Gabon Oil Company signed a binding agreement for the sale in March 2025. The transaction is expected to be finalised by mid-2025, subject to customary adjustments, and government and regulatory approvals. Tullow Oil CFO and interim CEO Richard Miller said: 'We continue to make strong progress towards completing this strategic, value accretive divestment of our Gabon assets, with the signing of the SPA. The proceeds, expected in the coming months, will materially reduce our net debt and strengthen our balance sheet, which positions us well as we look to optimise our capital structure. "Looking ahead, the transaction enables Tullow to continue to deliver against our business objectives to unlock value from our high-margin, self-funded assets to grow our reserve base and create value for all stakeholders.' In April, Tullow Oil agreed to sell its Kenyan subsidiary, Tullow Kenya, to Gulf Energy. The deal involves a minimum consideration of $120m and was signed by its subsidiary Tullow Overseas Holdings. In December last year, Kosmos Energy withdrew from its efforts to acquire Tullow Oil. The company did not disclose the reason for discontinuing the potential deal, which was still in the preliminary discussion stage. "Tullow Oil seals $300m Gabon assets sale to Gabon Oil Company" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
