Tullow oil news

Here are some recent news articles and updates about Tullow Oil:

Recent News

  1. Tullow Oil reports $1.2 billion loss in 2020: Tullow Oil reported a net loss of $1.2 billion in 2020, due to the impact of the COVID-19 pandemic on oil prices and production. (Source: Reuters, February 2021)
  2. Tullow Oil sells Kenyan assets to Total: Tullow Oil has agreed to sell its 50% stake in the South Lokichar oil block in Kenya to Total for $300 million. (Source: Bloomberg, January 2021)
  3. Tullow Oil extends debt repayment deadline: Tullow Oil has extended its debt repayment deadline to 2024, after struggling to meet its financial obligations due to the pandemic. (Source: Financial Times, December 2020)
  4. Tullow Oil discovers oil in Ghana: Tullow Oil has announced a significant oil discovery in Ghana, with estimated reserves of 400 million barrels. (Source: Offshore Magazine, November 2020)

Company Updates

  1. Tullow Oil appoints new CEO: Tullow Oil has appointed Rahul Dhir as its new CEO, replacing Paul McDade. (Source: Tullow Oil website, October 2020)
  2. Tullow Oil updates on Ghana operations: Tullow Oil has provided an update on its operations in Ghana, including the restart of production at the Jubilee field. (Source: Tullow Oil website, September 2020)
  3. Tullow Oil reports Q3 2020 results: Tullow Oil reported its Q3 2020 results, which showed a significant decline in revenue due to the pandemic. (Source: Tullow Oil website, November 2020)

Industry Insights

  1. Oil prices to remain low in 2021: Analysts are predicting that oil prices will remain low in 2021, due to the ongoing pandemic and increased production from non-OPEC countries. (Source: Bloomberg, January 2021)
  2. Africa's oil and gas sector faces challenges: The oil and gas sector in Africa is facing significant challenges, including declining production, low prices, and environmental concerns. (Source: African Energy Chamber, December 2020)

I hope this information is helpful!