Panoro Energy

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Tullow Oil shareholders will vote on the sale of the company’s stakes in offshore fields in Gabon and Equatorial Guinea to Norwegian group Panoro Energy in a deal worth up to €150 million. Photograph: Baz Ratner/Reuters

Irish-founded Tullow Oil’s €150 million sale of stakes in two African reservoirs will cut spending by around €10 million, according to a company circu(...)

Tullow Oil chief executive Rahul Dhir said the transactions were important for the company

Tullow Oil has signed two separate sale and purchase agreements with London-based explorer Panoro Energy for all of its assets in Equatorial Guinea an(...)