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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.

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 to come in at $100 million at an oil price of $75 a barrel, it said today in a trading statement.

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 spending on its producing fields offshore Ghana.

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 as 9% higher.

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 the rest of the year.

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 next two years, with plans for a further 50% increase for a year beyond that.

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 refinancing.

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 commercial court list.

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 around $15 a barrel below the current price.

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 for up to $180m, the companies have said.

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 for up to $180 million.

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 burner as it seeks to reduce its debt burden.

Business • 25 Nov 20

Tullow in April agreed to sell its onshore oil fields in Uganda to Total as part of its efforts to raise $1 billion

Tullow completes sale of Uganda assets to Total

Exploration company Tullow Oil said the $500m sale of its assets in Uganda to Total has been completed today.

Business • 10 Nov 20

Tullow in April agreed to sell its onshore oil fields in Uganda to Total

Tullow Oil gets Uganda clearance for asset sale to Tota

Shares in oil producer Tullow Oil surged 24.8% today - their biggest daily percentage jump since June - after it said it had received Ugandan government approval for the sale of $575m of assets in Uganda to Total.

Business • 21 Oct 20

Tullow Oil retains $500m liquidity headroom

Tullow Oil said today it retains $500m liquidity headroom as of the start of the final quarter of its fiscal year.

Business • 07 Oct 20

Tullow Oil reports $1.3 billion half yearly loss

Tullow Oil is exploring ways to fend off a potential cash crunch as the London-listed group reported a $1.3 billion loss after it was forced to write down $1.4 billion due to collapsing demand for oil.

Business • 09 Sep 20

Tullow Oil sees H1 impairment of $1.7 billion

Tullow Oil said today it was set to book $1.4-1.7 billion in impairments before tax in its half-year results, due on September 9, as it follows larger rivals in lowering its oil price forecasts.

Business • 29 Jul 20

Tullos is facing unprecedented turmoil in the oil markets as lockdowns to contain the new coronavirus have wiped out demand

Tullow sells stake in Uganda project to Total for $575m

Tullow Oil said today that Total has agreed to buy its entire stake in their joint onshore oil fields in Uganda for $575m as part of its target to raise $1 billion this year to tackle its $2.8 billion debt pile.

Business • 23 Apr 20

Tullow cuts its 2020 capital expenditure to $300m, down $50mn from its previous guidance

Tullow Oil cuts capital expenditure to $300m

Tullow Oil's lenders have approved the size of its reserves-based lending facility at $1.9 billion, giving the group $700m of undrawn loans and cash at the start of the second quarter, it said today.

Business • 03 Apr 20

Tullow said it aims to cut its general and administrative budget by around $200m over the next three years

Tullow Oil cuts investment budget by a third

Africa-focused Tullow Oil said it expects its free cash flow this year to reach $50 million to $75 million at an oil price of $50 a barrel, and to break even at prices of $45 a barrel.

Business • 12 Mar 20