Resources & environment

Meet your Resources & environment Research team

Providence Resources

Deal hits the spot

Providence has announced the signing of a farm-out agreement for half of the 80% share it currently holds in the Barryroe field off the south coast of Ireland. The agreement includes...

Tullow Oil

Sensible outlook

The script for Tullow’s Capital Markets Day (CMD) looks sensible and grounded. The messaging is focused on maximising cash flows from West African operations and maximising operational...

Tullow Oil

Totally committed to reducing debt

The news that the Ugandan government had signed off on tax arrangements, licence transfer and change of operatorship effectively brings to a successful conclusion the sale of...

Providence Resources

Collecting carbon

These are very difficult times for the conventional oil and gas industry. Although its business mandate is to provide energy, it also needs to adapt to a world where carbon-based...

Tullow Oil

Debt test passed

The passing of the second debt re-determination this year is encouraging. It removes an element of uncertainty and allows Tullow to continue to focus on adapting to the current low oil...

Providence Resources

Funded and waiting to complete farm-out

Providence’s H1 2020 result reported the funding put in place to complete a Barryroe farm-out deal offshore Ireland. Completion of the farm-out is scheduled for the coming months. If...

Kenmare

Big move ends successfully

The news that wet concentrator plant (WCP) B was successfully relocated is very good for Kenmare. It has completed a complex project in a remote location (Mozambique) during a...

Kenmare

Move underway

The news that the move of a major operating unit in Kenmare’s Moma mine in Mozambique is underway is good news for shareholders. It begins the final process of de-risking the event...

Tullow Oil

H1 operational stability sets scene for major business review

Tullow’s H1 report shows that it has stabilised operations and reduced costs. The second half of the year will see its new management complete a review of the optimal financial...

Kenmare

A study in operational gearing – turn up the volume please

The expected financial performance of this year, defined by COVID-19 and major investment and juxtaposed with next year onwards, provides a textbook example of how operational...