Tullow Oil shares rise on production outlook

Shares in Tullow Oil jumped by a further 4% on the back of the company forecasting slightly higher production levels at a key asset in western Africa.

The Irish-founded exploration company - which paid shareholders a first dividend in five years last month - said it saw a strong performance from its Jubilee field offshore Ghana in the first half of the year, leading it to increase gross production forecasts for the field in 2019 to 95,000 barrels of oil per day (bopd) from a previous estimate of 93,000 bopd.