Oil major Total rules out takeover move for Tullow Oil

Felix The chief executive of French oil major Total, Patrick Pouyanne, has dismissed the idea it might buy Irish-founded Tullow Oil, which is its partner in East Africa and Guyana.

Oil major Total rules out takeover move for Tullow Oil
Sat, 11 Jan, 2020 - 20:00
Reuters

The chief executive of French oil major Total, Patrick Pouyanne, has dismissed the idea it might buy Irish-founded Tullow Oil, which is its partner in East Africa and Guyana.

Total is a partner in all growth markets for Tullow Oil whose market capitalisation has shrunk to around £633m (€747m) from £3.28bn in September.

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CourtsOil pricesPlace: east AfricaPlace: GuyanaPlace: Kanuku blockPlace: OrinduikPlace: UgandaPlace: KenyaPerson: Patrick PouyannePerson: PouyannePerson: BrentOrganisation: TotalOrganisation: Tullow OilOrganisation: TullowOrganisation: OrinduikOrganisation: EcoOrganisation: Onshore UgandaOrganisation: Reuters
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