“This deal is not just about asset transfers, but about momentum,” says NJ Ayuk, Executive Chairman of the AEC. “African ...

Tullow Oil Plc has signed a sale and purchase agreement with Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd, to ...

Tullow Oil has finalized the sale of its entire Gabonese portfolio to the state-owned Gabon Oil Company (GOC) for $307 ...

Tullow Oil has completed the $307 million cash sale of its assets in Gabon to state-owned Gabon Oil Company. The ...

Tullow Oil got rid of assets with high extraction costs and favoured low-cost oil fields. For instance, all licenses on the Norwegian continental shelf were sold as the firm focused on Ghana.

West Africa-focused Tullow Oil on Wednesday trimmed its 2023 production forecast, but raised its annual cash flow outlook and moved to ease concerns about its debts by tendering to buy back some ...

Tullow Oil Plc engages in the oil and gas exploration, development and production, and the sale of hydrocarbons and related activities. It holds interests ...

Tullow Oil plans to cut a third of its staff to save about $20 million, a source with direct knowledge of the matter said, after the firm was hit by weak output in Ghana, delays in East Africa and ...

LONDON— Tullow Oil PLC is taking a write-off of $2.7 billion before tax, another sign of the impact of plunging oil prices on exploration and production firms. The U.K.-listed company known for ...

Africa-focused Tullow Oil (TLW.L) said on Wednesday 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% ...

West Africa-focused Tullow Oil said on Wednesday it expected to generate $500 million in operating cashflow this year at an oil price of $50 a barrel, which is around $15 a barrel below the ...

LONDON—Oil explorer Tullow Oil PLC TLW 2.53% has suspended its dividend for the first time and identified $500 million in cost savings in an effort to reverse the pretax losses it made last year ...