Tullow Oil

Exploration group has a market capitalisation of $1bn

Irish shares static as activity remains subdued after Christmas

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

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

London-listed energy group increases stake in the Jubilee and Ten fields in Ghana

Company is exercising its pre-emption rights related to sale of Occidental Petroleum’s interests to Kosmos Energy

Iseq in Dublin finishes down 1.1%

Pillar banks drive Iseq into positive territory but fuel price increases hit travel stocks

Sentiment also hit as investors digest disappointing Chinese economic data

Company’s net debt falls to $2.29bn in June from more than $3bn a year earlier

European tech stocks approaching dotcom bubble-era highs

Exploration company expects to invest $250m in 2021

Irish-founded explorer intends to drill four wells in 2021, chief executive Rahul Dhir says

Thompson is one of only a handful of women chairing a London-listed company

New report indicates many leading Irish companies face corruption risks

Proceeds will finance repayment of $300m of convertible bonds, early redemption of $650m of senior bonds

Market Beat: Explorer has yet to deliver on long-standing ‘black gold’ hype

First well is being drilled at the Jubilee Field

Company cut staff numbers, suspended dividend, and made a loss of $1.2bn during year

Tech shares fall on Wall Street, while mining and energy stocks drop in London

Business Today: the best news, analysis and comment from The Irish Times business desk

Oil company funded a number of academic posts at UCD as part of five-year agreement

US markets heading for record highs on stimulus and vaccine rollout hopes

London-listed group says it expects to generate $500m in net cashflow this year

Oil explorer says €150m deal will cut its capital spending this year by about €10m

Iseq slips back as heavyweights such as Kerry have a difficult day

Both transactions are expected to be completed in the first half of 2021

Global markets buoyed by hopes for US Covid stimulus package

Exploration group says move will allow for additional time to review business plan

Dublin-based exploration firm was established by ex-Tullow oil executive

Move will allow oil group to reassess Kenyan project

Dalata among the gainers on Iseq while Providence Resources and AIB fall

London market weaker as spending review darkens sentiment

Explorer’s new CEO seeks to convince investors it can manage $3 billion debt

Plus, time to forget Goodbody’s €150m price tag

Company will receive agreed contingency payments if Brent crude prices rise above $62 a barrel

Sale of Tullow’s stake in the project is a crucial part of its debt-reduction strategy

Analysts expect further asset sales and refinancing

Markets report: Iseq gains slightly as uncertainty hovers over jobs market

Existing shareholders back legal services specialist’s fund-raising