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Tullow Oil said it plans to invest $400m this year, mainly on its flagship fields in Ghana

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 …

Business • 08 Mar

Tullow previously said the tax bills are

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 …

Business • 14 Feb

Tullow Oil said it achieved an average of $87 per barrel in 2022 - after hedging

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 …

Business • 25 Jan

The West Africa-focused oil producer is trying to bring down costs after two strategic wells returned disappointing results

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 …

Business • 16 Nov 22

Tullow Oil has shrugged off criticism from some Capricorn investors who say the deal undervalues the company

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 …

Business • 14 Sep 22

Capricorn's proposed $827m deal with Tullow has faced stiff opposition from investors

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 …

Business • 09 Aug 22

Tullow Oil said the well offshore Guyana had been drilled to a depth of 4,325 metres

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 …

Business • 05 Aug 22

Tullow Oil expects to produce between 59,000-65,000 barrels of oil equivalent a day this year

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 …

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 …

Business • 01 Jun 22

Tullow Oil said its loss after tax fell to $81m from a loss after tax of $1.222 billion in 2020

Tullow Oil's losses for 2021 narrow, revenues dip

West Africa-focused Tullow Oil has reported a narrowing of losses for 2021 as its revenues for the year dropped.

Business • 09 Mar 22

Tullow, with a market capitalisation of around $1 billion as of Tuesday, is focusing on reducing its $2.1 billion debt pile

Tullow Oil sees 2021 free cashflow at $250 million

West Africa-focused Tullow Oil expects its 2021 free cashflow to come in higher than previously forecast at $250 million and expects this year's cash flow …

Business • 26 Jan 22

Rahul Dhir, Tullow Oil's chief executive

Tullow Oil to focus spending on Ghana projects

Tullow Oil has today reiterated its forecast for a full-year free cashflow of $100m on the back of operating cashflow of $600m as it focuses …

Business • 17 Nov 21

Tullow Oil said its profit after tax came in at $93m for the six months to the end of June

Tullow Oil swings to profit in first half of 2021

Tullow Oil rebounded with a first-half profit today and announced a development plan for its Kenya project, sending shares in the Africa-focused firm as much …

Business • 15 Sep 21

Tullow Oil is guiding for output to stay steady at around 60,000 barrels a day

Tullow Oil expects full year cashflow of $600m

Africa-focused Tullow Oil said it expects a full-year operating cashflow of $600m, steady from last year, if the oil price averages $60 a barrel for …

Business • 14 Jul 21

Tullow Oil raises hedging to 75% of output for 2 years

Africa-focused Tullow Oil said today that it was increasing the volume of oil it protects with hedging to 75% of the company's output for the …

Business • 16 Jun 21

Dorothy Thompson is to step down as Tullow chair after nearly three years in the role

Tullow Oil chairwoman Dorothy Thompson to step down

Africa-focused Tullow Oil said today that Chairwoman Dorothy Thompson would step down towards the end of the summer after nearly three years in the role.

Business • 02 Jun 21

Tullow rejigs debt with offer of $1.8 billion in notes

Tullow Oil said today it was offering notes worth $1.8 billion and had received $600m in commitments from lenders as part of a flagged debt …

Business • 29 Apr 21

The action has been brought by Central Park GP Co Propco Ltd against Tullow Oil Ltd and the Uk registered Tullow Oil PLC

Dispute between Tullow Oil and landlord fast-tracked

A dispute between Tullow Oil and the landlord of a South Dublin premises it entered into lease agreements with, has been admitted to the fast-track …

Business • 15 Sep 21

2020 was a year of major change for Tullow Oil, its CEO Rahul Dhir said

Tullow Oil expects $500m 2021 cashflow at $50 oil price

Africa-focused Tullow Oil said today it expected to generate $500m in operating cashflow this year at an oil price of $50 a barrel, which is …

Business • 10 Mar 21

Tullow Oil had net debt of $2.4 billion at the end of 2020

Tullow Oil agrees reserve-based loan deal with banks

Exploration company Tullow Oil said today it has agreed to a new reserve-based loan of about $1.7 billion with its banks.

Business • 26 Feb 21

Under the deal, Panoro will pay Tullow an initial $140m in cash with an option for up to $40m more linked to oil prices and the performance of the assets

Panoro to buy African oilfields from Tullow for $180m

Tullow Oil has agreed to sell stakes in some of its non-operated offshore oilfields in Equatorial Guinea and Gabon to smaller Africa-focused rival Panoro Energy …

Business • 10 Feb 21

Tullow is in talks with its lenders to restructure its debt and has said it will narrow its focus to its flagship fields

Tullow Oil to sell stakes in some oilfields for $180m

Tullow Oil has agreed to sell stakes in some of its non-operated offshore oilfields in Equatorial Guinea and Gabon to smaller Africa-focused rival Panoro Energy …

Business • 09 Feb 21

Tullow Oil said it expects its operating cash flow to reach $500m in 2021 if the oil price stays above $50 a barrel

Tullow's lenders agree to extended debt talks

Tullow Oil said today that its lenders had agreed to extend talks about its reserve-based lending loan by a month beyond the end of January.

Business • 27 Jan 21

Tullow's new strategy focuses on west African oilfields

Tullow Oil will commit 90% of its investments in coming years on its existing oilfields offshore West Africa and move exploration activities to the back …

Business • 25 Nov 20

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