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
There’s a whiff of danger about Keith Barry. He bounces into the Republic of Work in Cork for this interview with his charming, boyish smile and warm hand-shake, but there’s an animal energy in his eyes and upper body. You’d follow him around just to see what he’d do.
Fri, 14 Dec, 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