Tullow Oil

Irish-founded Tullow Oil faces $1.4bn refinancing headache amid falling crude prices

Shares in the exploration firm have slumped and are being sold off at rates not seen in five years

Sat May 10 2025 - 06:00

Tullow Oil profit misses estimates amid €197m in asset charges

Company said in January that it was considering selling certain non-core assets to accelerate debt reduction

Tue Mar 25 2025 - 11:25

Tullow shares soar as Ghana tax victory will help $1.4bn debt refinancing

International arbitration organisation rules Africa-focused explorer will not have to pay a $320m Ghana tax bill

Fri Jan 03 2025 - 09:27

Tullow Oil exempt from $320m tax after ICC ruling on Ghana operations

Exploration company in talks with Ghana government over two other tax claims

Thu Jan 02 2025 - 19:08

Tullow shares rally after Kosmos drops bid

Irish founded explorer had slumped after initial report Kosmos had walked away

Wed Dec 18 2024 - 09:56

Tullow Oil in talks to be taken over

Irish-founded business in early discussions with US-based Kosmos Energy

Fri Dec 13 2024 - 12:57

Tullow Oil trading update reaffirms guidance

Ghana 4D seismic programme next year to provide data on future drilling sites

Thu Nov 28 2024 - 10:37

Veteran of Irish business Tom Toner has died

Inaugural chairman of Forfás held directorships with a number of major Irish groups right up until his death on Saturday

Tue Oct 29 2024 - 16:55

Bad news for San Leon as CFO Julian Tedder departs

Executive leaves with 20 years of experience in the oil and gas sector, including at IGas Energy and Tullow Oil

Sun Sept 08 2024 - 06:00

Crude production ahead of expectations at Tullow Oil as first-half profit jumps

Group revenue at Irish-founded explorer down despite higher oil prices

Wed Aug 07 2024 - 07:18

Tullow Oil on track to reduce net debt to less than €1.3bn

Africa-focused producer has increased access to oil price upside for the remainder of this year and next, it said in trading update

Thu May 16 2024 - 14:11

European shares advance on tech results and China stimulus

Bank stocks edge higher on Iseq

Wed Jan 24 2024 - 18:52

Tullow Oil trims full-year crude production forecast

Irish-founded group says its operations in Gabon are unaffected by ongoing political instability

Wed Sept 13 2023 - 08:48

Tullow Oil shares slump as Gabon army officers declare coup

Company says operations are ‘unaffected by the ongoing political activity '

Wed Aug 30 2023 - 15:43

African oil veteran adds to Tullow stake

Samuel Dossou-Aworet raises eyebrows with increased holding in oil explorer

Tue Jun 27 2023 - 05:00

Tullow faces new Kenya setback as Total, Africa Oil quit

Tullow is now left alone to get development off the ground

Tue May 23 2023 - 08:30

Tullow reports rise in 2022 cash flow amid higher oil prices

Oil company intends to focus on its Ghana oilfields in $400m investment plan

Wed Mar 08 2023 - 07:55

Tullow Oil Disputes $387m in Ghana tax assessments

Cash-strapped government has conducted a review of past payments by some of its largest companies

Tue Feb 14 2023 - 14:45

Tullow Oil shares jump as it eyes up to $800m of cash generation

Irish-founded oil explorer’s net debt has fallen to $1.9 billion from a high of $4.6 billion in 2016

Wed Jan 25 2023 - 09:18

Tullow Oil narrows production forecast range, cuts capex estimate

Oil producer attempts to bring down costs after two strategic wells returned disappointing results

Wed Nov 16 2022 - 09:18

Jilted Tullow Oil must tackle debt as Capricorn picks up another partner

Lowball valuation of Capricorn’s assets outside its cash hoard proved a step too far for investors in the group

Fri Sept 30 2022 - 17:51

Tullow Oil merger with Capricorn collapses as company touts new offer

Capricorn withdraws recommendation to approve merger with Tullow

Thu Sept 29 2022 - 10:34

Tullow Oil keeps Capricorn merger plans and €200m cash flow guidance

Some Capricorn investors argue the all-share deal, which requires 75% support, undervalues their business

Wed Sept 14 2022 - 16:43

Tullow Oil: the long, but inevitable, goodbye

Tullow is the latest firm to delist from the Irish stock exchange, now known as Euronext Dublin

Tue Sept 13 2022 - 18:06

Tullow Oil to quit Irish stock market as it prepares for merger

The Irish-founded explorer floated on the Irish market 33 years ago

Mon Sept 12 2022 - 15:54

Iseq lags slightly as European markets recover following Monday’s battering

Bargain-hunters enter market after sell-off on economic worries

Tue May 10 2022 - 18:38

Markets dip as US Fed fails to soothe investor concerns over possible interest rate rise

Ecommerce stocks fall as pandemic bounce fades

Thu May 05 2022 - 18:56

Tullow loses $153m in revenue due to hedges

Firm hedges most of its output with price floors and ceilings to shield against volatility

Wed Mar 09 2022 - 07:41

Travel and banking stocks lead plunge in European markets

Energy stocks rise as oil prices exceed $130 a barrel amid inflation concerns

Mon Mar 07 2022 - 18:56

European stocks flat as Russia-Ukraine tensions keep investors on edge

Oil prices spike on fears of a supply disruption

Tue Feb 22 2022 - 18:56

Tullow expects stronger cashflow as oil price spikes

Exploration group has a market capitalisation of $1bn

Wed Jan 26 2022 - 16:46

European markets see-saw on corporate news while Wall Street closes for holiday

Irish shares static as activity remains subdued after Christmas

Mon Jan 17 2022 - 19:20

United Oil & Gas expects ‘five out of five’ for Egyptian wells

CEO Brian Larkin says firm has ‘outstanding results’ with drilling campaign’

Wed Dec 29 2021 - 16:13

European stocks rise for sixth straight session despite inflation fears

Equities have made small gains this week after signs of economic momentum

Wed Nov 17 2021 - 18:10