Tullow Oil swings to profit on lower impairments West Africa-focused oil and gas explorer Tullow Oil swung back to profit last year, it said today, largely helped by a reduction in impairments and asset revaluation gains. Business • 25 Mar
Tullow Oil swings to profit on lower impairments West Africa-focused oil and gas explorer Tullow Oil swung back to profit last year, it said today, largely helped by a reduction in impairments and asset revaluation gains. Business • 25 Mar
Tullow Oil names Richard Miller as interim CEO West Africa-focused Tullow Oil has appointed its finance chief Richard Miller as interim chief executive officer, effective from February 14. Business • 04 Feb
Tullow Oil names Richard Miller as interim CEO West Africa-focused Tullow Oil has appointed its finance chief Richard Miller as interim chief executive officer, effective from February 14. Business • 04 Feb
Tullow Oil jumps after being exempt from $320m tax Shares of Tullow Oil jumped over 14% today after the West Africa-focused oil company was exempted from a $320m tax on its Ghana operations. Business • 03 Jan
Tullow Oil jumps after being exempt from $320m tax Shares of Tullow Oil jumped over 14% today after the West Africa-focused oil company was exempted from a $320m tax on its Ghana operations. Business • 03 Jan
Tullow Oil's CEO Rahul Dhir to step down West Africa-focused Tullow Oil said today that its chief executive Rahul Dhir will step down and also resign from the board next year. Business • 05 Dec 24
Tullow Oil's CEO Rahul Dhir to step down West Africa-focused Tullow Oil said today that its chief executive Rahul Dhir will step down and also resign from the board next year. Business • 05 Dec 24
Tullow's shares slide as it cuts free cash flow forecasts Shares of Tullow Oil fell as much as 10% in London trade today after the West Africa-focused oil company cut its full year free cash flow view to $150-$200m from its previous estimate of $200-$300m. Business • 28 Nov 24
Tullow's shares slide as it cuts free cash flow forecasts Shares of Tullow Oil fell as much as 10% in London trade today after the West Africa-focused oil company cut its full year free cash flow view to $150-$200m from its previous estimate of $200-$300m. Business • 28 Nov 24
Tullow Oil reports higher profit for first half of 2024 West Africa-focused Tullow Oil has today posted a rise in profit for the first six months of 2024, helped by higher crude prices. Business • 07 Aug 24
Tullow Oil reports higher profit for first half of 2024 West Africa-focused Tullow Oil has today posted a rise in profit for the first six months of 2024, helped by higher crude prices. Business • 07 Aug 24
Tullow Oil posts loss of $110m for 2023 Tullow Oil swung into a loss in 2023 after cutting the value of reserves in its flagship West African oilfield as its chief executive said the company would consider shareholder returns after 2025. Business • 06 Mar 24
Tullow Oil posts loss of $110m for 2023 Tullow Oil swung into a loss in 2023 after cutting the value of reserves in its flagship West African oilfield as its chief executive said the company would consider shareholder returns after 2025. Business • 06 Mar 24
Tullow Oil on track to deliver $600m free cash flow West Africa-focused Tullow Oil said today it was on track to deliver about $600m free cash flow over the next two years to achieve its stated target of $800m from 2023 to 2025. Business • 24 Jan 24
Tullow Oil on track to deliver $600m free cash flow West Africa-focused Tullow Oil said today it was on track to deliver about $600m free cash flow over the next two years to achieve its stated target of $800m from 2023 to 2025. Business • 24 Jan 24
Tullow Oil trims 2023 production forecast West Africa-focused Tullow Oil has today trimmed its 2023 production forecast for a second time, mainly due to delays in Jubilee oilfield's south east extension off Ghana. Business • 15 Nov 23
Tullow Oil trims 2023 production forecast West Africa-focused Tullow Oil has today trimmed its 2023 production forecast for a second time, mainly due to delays in Jubilee oilfield's south east extension off Ghana. Business • 15 Nov 23
Tullow Oil signs $400m debt facility deal with Glencore Tullow Oil said today it had signed a $400m five-year debt deal with Glencore to help manage its senior notes maturing through 2026 and will see the trading house take over marketing the crude from its flagship Ghana oilfields. Business • 13 Nov 23
Tullow Oil signs $400m debt facility deal with Glencore Tullow Oil said today it had signed a $400m five-year debt deal with Glencore to help manage its senior notes maturing through 2026 and will see the trading house take over marketing the crude from its flagship Ghana oilfields. Business • 13 Nov 23
Tullow Oil reduces upper end of 2023 output outlook West Africa-focused Tullow Oil has today reduced the upper end of its production outlook for this year to 58,000-60,000 barrels per day (bpd) from 58,000-64,000 bpd. Business • 13 Sep 23
Tullow Oil reduces upper end of 2023 output outlook West Africa-focused Tullow Oil has today reduced the upper end of its production outlook for this year to 58,000-60,000 barrels per day (bpd) from 58,000-64,000 bpd. Business • 13 Sep 23
Tullow Oil ups hedging outlook to 60% of output West Africa-focused oil producer Tullow plans to hedge around 60% of its output one year out, it said today, reiterating it expects its 2023 free cashflow to come in at $100m at an oil price of $80 a barrel. Business • 12 Jul 23
Tullow Oil ups hedging outlook to 60% of output West Africa-focused oil producer Tullow plans to hedge around 60% of its output one year out, it said today, reiterating it expects its 2023 free cashflow to come in at $100m at an oil price of $80 a barrel. Business • 12 Jul 23
Indian firms in talks to buy Tullow's Kenya block stake Indian state-run oil exploration companies are in talks with Tullow Oil to buy a stake in the company's block in Kenya, Oil India Chairman Ranjit Rath said today. Business • 25 May 23
Indian firms in talks to buy Tullow's Kenya block stake Indian state-run oil exploration companies are in talks with Tullow Oil to buy a stake in the company's block in Kenya, Oil India Chairman Ranjit Rath said today. Business • 25 May 23
Tullow Oil retains full-year production outlook Oil and gas explorer Tullow Oil has today maintained its 2023 production forecast of 58,000 to 64,000 barrels per day. Business • 24 May 23
Tullow Oil retains full-year production outlook Oil and gas explorer Tullow Oil has today maintained its 2023 production forecast of 58,000 to 64,000 barrels per day. Business • 24 May 23
Tullow Oil's partners in Kenya licences withdraw Tullow Oil said two minority partners of its licences in Kenya will withdraw from some blocks in the South Lokichar Basin, leaving the oil and gas explorer as the sole owner of the oilfield. Business • 23 May 23
Tullow Oil's partners in Kenya licences withdraw Tullow Oil said two minority partners of its licences in Kenya will withdraw from some blocks in the South Lokichar Basin, leaving the oil and gas explorer as the sole owner of the oilfield. Business • 23 May 23
Tullow Oil keeps its 2023 outlook for free-cash flow West-Africa focused Tullow Oil has reported a 2022 free-cash flow of $267m, up from $245m the previous year and in line with forecasts, supported by increased equity in its Ghana operations and higher oil prices. Business • 08 Mar 23
Tullow Oil keeps its 2023 outlook for free-cash flow West-Africa focused Tullow Oil has reported a 2022 free-cash flow of $267m, up from $245m the previous year and in line with forecasts, supported by increased equity in its Ghana operations and higher oil prices. Business • 08 Mar 23
Tullow Oil seeks arbitration over $387m in tax bills Tullow said its Ghana unit filed for arbitration in London over two tax bills amounting to $387 million which the West Africa-focused oil producer received from local authorities, in addition to an existing separate tax dispute. Business • 14 Feb 23
Tullow Oil seeks arbitration over $387m in tax bills Tullow said its Ghana unit filed for arbitration in London over two tax bills amounting to $387 million which the West Africa-focused oil producer received from local authorities, in addition to an existing separate tax dispute. Business • 14 Feb 23
Tullow Oil ups 2022 free cash flow outlook to $267m West Africa-focused oil producer Tullow Oil sees its 2022 free cash flow at $267m, slightly ahead of previous guidance and up from $245m the previous year, it said in a trading update today. Business • 25 Jan 23
Tullow Oil ups 2022 free cash flow outlook to $267m West Africa-focused oil producer Tullow Oil sees its 2022 free cash flow at $267m, slightly ahead of previous guidance and up from $245m the previous year, it said in a trading update today. Business • 25 Jan 23
Tullow Oil narrows production forecast range Tullow Oil narrowed its annual production forecast range and cut capital investment expenditure estimate today, as the West Africa-focused oil producer attempts to bring down costs after two strategic wells returned disappointing results. Business • 16 Nov 22
Tullow Oil narrows production forecast range Tullow Oil narrowed its annual production forecast range and cut capital investment expenditure estimate today, as the West Africa-focused oil producer attempts to bring down costs after two strategic wells returned disappointing results. Business • 16 Nov 22
Tullow Oil says sticking to Capricorn merger plans Exploration company Tullow Oil said today it would stick to the current form of its plan all-share merger plan with Capricorn Energy, shrugging off criticism from some Capricorn investors who say the deal undervalues the company. Business • 14 Sep 22
Tullow Oil says sticking to Capricorn merger plans Exploration company Tullow Oil said today it would stick to the current form of its plan all-share merger plan with Capricorn Energy, shrugging off criticism from some Capricorn investors who say the deal undervalues the company. Business • 14 Sep 22
Capricorn looking at options amid Tullow deal backlash Capricorn Energy, whose planned merger with rival Tullow Oil has faced investor backlash, said today it was exploring alternative deals after unnamed parties expressed interest. Business • 06 Sep 22
Capricorn looking at options amid Tullow deal backlash Capricorn Energy, whose planned merger with rival Tullow Oil has faced investor backlash, said today it was exploring alternative deals after unnamed parties expressed interest. Business • 06 Sep 22
Capricorn should ditch Tullow merger deal - Palliser Capricorn Energy investor Palliser has called on the firm to ditch a proposed merger with Tullow Oil after saying the deal was "one-sided" and short of "meaningful strategic rationale", a letter seen by Reuters showed. Business • 09 Aug 22
Capricorn should ditch Tullow merger deal - Palliser Capricorn Energy investor Palliser has called on the firm to ditch a proposed merger with Tullow Oil after saying the deal was "one-sided" and short of "meaningful strategic rationale", a letter seen by Reuters showed. Business • 09 Aug 22
Tullow Oil abandons Guyana well on poor drilling result Africa-focused Tullow Oil said today it would abandon its drilling operations at an exploration well offshore Guyana after results showed the well bore water, sending its shares 6% lower. Business • 05 Aug 22
Tullow Oil abandons Guyana well on poor drilling result Africa-focused Tullow Oil said today it would abandon its drilling operations at an exploration well offshore Guyana after results showed the well bore water, sending its shares 6% lower. Business • 05 Aug 22
Tullow Oil upbeat for second half of 2022 Africa-focused Tullow Oil said today it expected to make $200m in free cashflow this year at an average oil price of $95 a barrel, adding that it sees no cashflow in the first half after an arbitration payment and an acquisition. Business • 13 Jul 22
Tullow Oil upbeat for second half of 2022 Africa-focused Tullow Oil said today it expected to make $200m in free cashflow this year at an average oil price of $95 a barrel, adding that it sees no cashflow in the first half after an arbitration payment and an acquisition. Business • 13 Jul 22
Tullow Oil to buy Capricorn Energy for £657m West Africa-focused Tullow Oil will acquire Capricorn Energy in an all-stock deal valued at £656.9m, the two companies said today, as they focus on the reserve-rich African region. Business • 01 Jun 22
Tullow Oil to buy Capricorn Energy for £657m West Africa-focused Tullow Oil will acquire Capricorn Energy in an all-stock deal valued at £656.9m, the two companies said today, as they focus on the reserve-rich African region. Business • 01 Jun 22
