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Tullow Oil confirms new gas reserves

June 13, 2022 11:41 am Add a Comment

Tullow Ghana has confirmed the discovery of a new gas reserve, estimated to hold between 1.5 and two trillion cubic feet (TCF) of the hydrocarbons offshore Cape Three Points in the Western Region. The new non-associated gas reserve is located … Read more →

Tullow Oil to cut third of workforce as firm seeks to reduce costs

February 7, 2020 9:21 am Add a Comment

Tullow Oil is set to cut a third of its workforce in order to save about $20m (£15.4m) on administrative costs as the firm fights back from November’s share price collapse. The Irish explorer, which focuses its operations on Africa, … Read more →

Since 2014: Tullow Oil to approve first dividend payment today

April 25, 2019 10:56 am Add a Comment

The Chief Executive Officer of Tullow Oil PLC, Paul McDade has disclosed that the board of the company will today ask shareholders to approve the Group’s first dividend payment since 2014. In a statement issued in advance of the Group’s … Read more →

Ivory Coast awards Tullow Oil two new oil, gas blocks

January 19, 2018 10:58 am Add a Comment

Ivory Coast awarded Tullow Oil Plc two new oil and gas blocks on Jan. 17, including one along the maritime boundary with Ghana, government spokesman Bruno Kone said. Africa-focused Tullow now holds stakes in nine Ivorian blocks, eight of which … Read more →

Tullow Oil assures shareholders of brighter prospects

May 9, 2016 9:54 am Add a Comment

Oil and gas exploration and production company, Tullow Oil plc has assured its shareholders in Ghana of the resumption of dividend payments early next year following its recovery from external market volatilities. Tullow said it had laid a strong foundation, … Read more →

Tullow Oil trims spending and agrees loans with banks

May 3, 2016 9:06 am Add a Comment

Oil and gas producer, Tullow Oil has cut its annual capital expenditure plans by $100 million to $1 billion and may reduce spending further as it adjusts its balance sheet to cope with weak oil prices. The Africa-focused company also … Read more →

Tullow Oil to layoff workers

March 13, 2015 7:28 am Add a Comment

Tullow Oil Ghana has confirmed that it has started consultations with some of its employees who are likely to be laid off in the coming months. “The extent of redundancies and organizational changes will be determined on case by case … Read more →