Ex-Tullow boss gets €915m funding

Private equity company Carlyle Group is partnering with former Tullow Oil chief executive Aidan Heavey and the Irish-founded exploration company’s former finance chief Tom Hickey to form a venture that will target up to $1bn (€915m) of acquisitions in sub-Saharan Africa.

Boru Energy will look for oil and gas assets “with significant commercialisation potential” that are operated by other companies, said Mr Carlyle.