TULLOW Oil has doubled its interim dividend per share — to 4p — this year, on the back of a record set of first half earnings.

HIGHER sales volumes and a lift in commodity prices are likely to have boosted Tullow Oil’s revenues to a record level of over $1 billion in the first half of this year.

TULLOW Oil chief executive Aidan Heavey has said that the company should know the full potential of its early stage assets in Kenya — tipped to be its next big market — within 12 months.

TULLOW Oil is effectively suing its former development partner in Uganda in a bid to recover tax payments made to the country’s government.

TULLOW Oil has encountered further drilling success in its assets off the coast of Ghana.

The FTSE 100 Index bounced back from six straight sessions in the red today as world markets regained their poise.

Nervous investors went in search of cheap-looking stocks today as the London market showed tentative signs of recovery following a turbulent week.

TULLOW OIL has signed a critical Memorandum of Understanding with the Government of Uganda after several months of discussions.

TULLOW Oil is expecting its most lucrative asset, the Jubilee field in Ghana, to further boost its overall profitability this year following its partial contribution to a more than four-fold increase in pre-tax profits last year.

A POSITIVE resolution from Tullow Oil’s ongoing negotiations with the Ugandan government is expected to follow the country’s general election later this week.

PRE-tax profits at Tullow Oil jumped by over 150%, on a year-on-year basis, to $131 million (€103.5m), in the first half of the year.

TULLOW OIL, the Irish-founded oil and gas exploration company, has kept up its steady stream of positive news ahead of its interim results next month, by announcing a further significant oil find in one of its African bases.

TULLOW Oil has finally received conditional formal approval from the Ugandan Government for its purchase of the 50% stake in two licences previously owned by former production partner, Heritage Oil.

Tullow Oil has announced that the Nzizi-3 well in Uganda Block 2 has appraised the Nzizi gas field, and that the well is a viable future gas producer.

Tullow Oil in an interim management statement issued ahead of its AGM later today said it had "continued to perform very strongly in 2010".

TULLOW Oil has confirmed that it will take on both China National Offshore Oil Corporation (CNOOC) and Total as equal farm-in partners on its newly acquired Ugandan assets, once final government approval is granted.

DESPITE fresh rumours to the contrary, Tullow Oil is not expected to formally announce the identity of its preferred farm-out partner for the two Ugandan assets that it is likely to shortly gain control of until the country’s government formally approves its takeover of the licences.

ITALIAN energy giant Eni has withdrawn its interest in two of Heritage Oil’s exploration assets in Uganda – effectively confirming Tullow Oil’s takeover of them.

TULLOW Oil has moved a step closer to buying out its operational partner Heritage Oil’s shares of two blocks at the Kasamene oil and gas field in Uganda.

TULLOW Oil yesterday announced its second significant oil discovery in as many days.

Tullow Oil has today announced that the Kasamene-2 appraisal well, which is located in the Butiaba region of Uganda Block 2, has encountered 39 metres of net oil pay and 8 metres of net gas pay within a 132 metre gross interval.

TULLOW Oil’s management is still viewing a shareholder vote on Monday as the next key date in its attempts to buy out its partner in two significant assets in Uganda, despite press speculation that the country’s government has indicated it is not in favour of the deal going ahead.

TULLOW Oil is to exercise its right to buy 50% stakes in two oil fields in Uganda from Canadian exploration company, Heritage Oil.

IRISH exploration company Tullow Oil is considering additional stock market listings in Ghana and Uganda this year, in order to reflect its growing presence in the region.

A new oil find in Uganda by Tullow Oil has "the potential to be the largest oil field in the basin to date", according to the company.

Tullow Oil says it is progressing its drilling and exploration plans in Uganda, after the discovery of oil at the Ngara-1 exploration well in the Butiaba region.

An oil exploration in which Tullow Oil has a 50% stake has yielded encouraging results.

After yesterday’s good performance the ISE fell 5.30 points to 9,927.95 this morning.

TULLOW Oil has said exploration will focus on Africa and India this year to boost reserves.

Drilling has been suspended at the Kingfisher-1 exploration well in Uganda, in which Tullow Oil is a 50% partner, in preparation for production testing.