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The Guardian - Back to homeThe Guardian

Tullow Oil

March 2020

  • A worker at a Tullow Oil facility in Singapore

    Tullow Oil to axe a third of its staff after $1.7bn pre-tax loss

    ‘Perfect storm’ of oil market woes have fuelled doubts about company’s future
  • A oil pump is seen at sunset

    Saudi Arabia price war wipes billions from value of major oil firms

    Royal Dutch Shell and BP lose more than £32bn from their combined market value
  • Workers are seen at an oil exploration site in Bulisa district, approximately 244 km (152 miles) northwest of Kampala in this undated handout photo from Tullow Oil Uganda, received by Reuters July 4, 2012. Canada's Africa Oil said on Wednesday it has found an additional 43 metres of potential oil pay in its Ngamia-1 well in northern Kenya where the east African country announced its first oil discovery in March. The Ngamia-1 well in Kenya Block 10BB, which is operated by Africa Oil's partner Tullow, was drilled to a depth of 2,340 metres and will now be suspended for future flow testing. The commercial viability of the find has yet to be ascertained. REUTERS/Tullow Oil Uganda/Handout (UGANDA - Tags: BUSINESS ENERGY) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS - RTR34L49

    Observer business agenda
    Climate crisis and Covid-19 conspire to crush oil firms like Tullow

    The prospector’s results, due this week, are likely to reveal that it and its rivals are facing a serious crisis

December 2019

  • Tullow Oil’s floating production, storage and offloading vessel

    Tullow Oil shares dive as chief is ousted amid problems in Ghana

    Oil and gas explorer loses more than £1bn of stock market value after scrapping dividend

May 2016

  • British Gas owner leads FTSE fallers

    Market Forces blog
    FTSE edges higher but British Gas owner Centrica drops after £750m cash call

    Company to raise funds to reduce debt and pay for two acquisitions

April 2016

  • A businessman stands with his briefcase at the top of the Gherkin skyscraper in London

    Shire and Weir bosses feel sting of investor ire as pay revolts widen

    Drug maker and engineer not alone on day shareholders use AGMs to protest en masse against boardroom bonuses and pay

March 2016

  • Housebuilders gain after budget speech

    Market Forces blog
    Oil firms and housebuilders climb but soft drinks decline after budget

    Tax changes lift oil companies but sugar tax sends Britvic and AG Barr lower

February 2016

  • Tullow Oil’s newly floating deep-water oil production platforms is heading to Ghana as part of the company’s $5bn TEN project.

    Tullow Oil vows to cut costs further after $1bn pre-tax loss

  • Brent continues to slide.

    Market Forces blog
    FTSE falls as BP slides but Hikma lifted by cost saving hopes

January 2016

  • Glaxo rises on spin-off hopes

    Market Forces blog
    FTSE rises on Chinese exports, while GlaxoSmithKline boosted by break-up hopes

    Mining shares lifted by China with markets calmer after recent volatility

December 2015

  • Apple iphone 6s and 6s Plus launch in Italy<br>epa04970031 Apple's new iPhone 6s on display in a Apple store in Carugate, Italy 09 October 2015 at the start of the second wave of the iPhone launch. The iPhone 6s and 6s Plus are now offered in more than 40 countries as of October 09 after the September 25 launch. EPA/MATTEO BAZZI

    Market Forces blog
    FTSE recovers 100 points but Apple suppliers Arm and Imagination slide

    Leading index bounces back from three year low as investors await Fed

November 2015

  • Tullow Oil lifted by buy note.

    Market Forces blog
    Tullow rises after upgrade while Premier lifted by Norway sale

    Oil companies benefiting from higher crude prices and positive news
  • InterContinental dismisses sale talk.

    Market Forces blog
    FTSE edges higher despite Greek and China concerns but InterContinental drops

    Hotel group loses nearly 4% after dismissing talk of sale or merger
  • Amec suffers as oil companies cut investment.

    Market Forces blog
    Amec Foster drops by a fifth after slashing dividend amid tough markets

    Oil services group warns of an extended period of weakness

August 2015

  • Inmarsat among leading risers.

    Market Forces blog
    FTSE slips ahead of Super Thursday but Old Mutual and Inmarsat rise

    Companies boosted by results but BP and SABMiller go ex-dividend

June 2015

  • Global markets weaker on Greek worries.

    Market Forces blog
    FTSE 100 falls to two month low on Greek woes, but Kingfisher climbs

    Investors concerned as Greece edges closer to deadline for deal

April 2015

  • Global shares rise on Greek hopes.

    Market Forces blog
    FTSE 100 hits new peak on Greek hopes and despite election uncertainty

  • Housebuilders slip on rent control concerns.

    Market Forces blog
    FTSE falters as housebuilders dip but Tullow higher on African ruling

  • China expected to launch new stimulus measures after disappointing GDP figures.

    Market Forces blog
    FTSE 100 hits new record with miners and retailers rising

  • Market Forces blog
    FTSE 100 edges higher but Aberdeen Asset Management loses out

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