Tullow Oil shares fell by almost 16% after the company warned of a likely $1.5bn (€1.3bn) financial hit to its 2019 figures due to a lower oil price forecast and a reduction in reserves at one of its flagship fields offshore Ghana.
Wed, 15 Jan, 2020
A handful of Irish-related shares, including Tullow Oil, Glanbia and Bord Gáis owner Centria, were among the big stock market losers in Europe in the past year. Flutter Entertainment, which owns Paddy Power and Betfair, as well as Ryanair and Kerry Group were, however, among the big winners.
Wed, 01 Jan, 2020
Tullow Oil’s acting chief has said the company is open to takeover offers in light of its shares plummeting by nearly 72% on it cutting its production outlook, suspending dividend payments, and parting company with its CEO and exploration director.
Mon, 09 Dec, 2019
Tullow Oil shares plummeted by more than 27% to a 21-year low after the Irish-founded exploration company said production from flagship projects in Ghana has disappointed and that it will reassess the commercial viability of recent discoveries made in South America.
Thu, 14 Nov, 2019
The impending threat of Brexit, the domestic beef crisis and the growing awareness of climate change have put the importance of supporting local food producers back on the menu in Co Cork, writes
Tue, 12 Nov, 2019
'My happiness does not come from money and fame. My happiness comes from seeing life without struggle,' is just one of the powerful messages by 17 young people living in Direct Provision who have launched a new book.
Thu, 15 Aug, 2019
Like many Pacific Islanders in his native Auckland, Edgar’s parents moved there in search of a better life for themselves and their families. This is the case for many players of Pacific heritage who now ply their trade in Europe. While I had played alongside Casey Laulala and Francis Saili at Munster, I was largely ignorant of “Islander” culture and what it entailed.
Tue, 19 Feb, 2019
A right-wing extremist suspected in the shooting rampage that wounded six Africans in central Italy was "lucid and determined, aware of what he had done" and exhibited no remorse for his actions, an official said.
Mon, 05 Feb, 2018
Tullow Oil is to turn its focus towards South America later this year, aiming to start drilling offshore Suriname by October at an area close to where super-major ExxonMobil this week made a significant discovery off the coast of Guyana.
Thu, 27 Jul, 2017
Irish explorers Clontarf Energy and Petrel Resources are confident of finally reaching a lasting agreement with Ghana’s government over the replacement of lost acreage in the west African country before the end of this year.
Fri, 09 Jun, 2017