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

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

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

Tullow Oil has finalised a KSh 15.5b deal to sell its entire Kenyan assets in the South Lokichar Basin, to Auron Energy E&P ...

Tullow discovered commercially viable oil on three blocks in 2012 in South Lokichar but has since sold the project to Gulf ...

The transaction involves the transfer of 100 percent of the shares in Tullow Kenya ...

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 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 ...

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% ...

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 ...

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 ...