Tullow Oil | GUPC

Tullow Oil Seeks Recovery of Over US$200 Million from Ghana Government

Oil & Gas | intent | November 25, 2025 | Comment off

Tullow Oil plc is working to recover more than $200 million in outstanding payments from the Government of Ghana, a situation placing significant pressure on the London-listed company’s cash flow as it races to refinance its debt structure ahead of a May 2026 bond maturity. The receivables, which include approximately $100 million in gas payments, TEN development debt, and overdue cash calls, stood at over $200 million net to Tullow as of the end of October, according to the company’s November trading update.

Tullow Oil moves forward on Ghana licence extensions and gas agreement

Oil & Gas | intent | November 25, 2025 | Comment off

The company is addressing outstanding issues including securing payment mechanisms for gas sales and an updated plan of development for the Jubilee oilfield.

Tullow Oil talks refinancing, debt strategy with bondholders

Oil & Gas‚ Oil and Gas Industry | intent | August 20, 2025 | Comment off

Tullow became one of the UK’s hottest independent oil explorers after making major African discoveries in the late 2000s. But it took on huge debts to develop them, and in recent years struggled to bring Kenyan fields onstream. This year it agreed to sell the Kenyan deposits and offloaded assets in Gabon as it looks to pay down debt.

Tullow Oil cuts annual production forecast, posts interim loss

Oil & Gas‚ Oil and Gas Industry | intent | August 7, 2025 | Comment off

Tullow now expects output of 40,000-45,000 barrels of oil equivalent per day (boepd) for the year, down from 50,000-55,000 boepd projected earlier. It reported an average production of 40.6 kboepd in the first half, excluding Gabon.

Tullow Oil Exits Kenya with $120 Million Asset Sale to Gulf Energy Affiliate

Oil & Gas‚ Oil and Gas Industry | intent | July 30, 2025 | Comment off

Tullow Oil has agreed to sell its entire stake in Kenya to Auron Energy E&P, an affiliate of Gulf Energy Ltd, for a minimum cash consideration of $120 million.
The deal marks Tullow’s full exit from the East African country, where it holds 463 million barrels of 2C oil resources in the South Lokichar Basin.

Gunvor Financed Gabon Deal for Tullow Oil Assets

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

The Tullow assets are set to produce around 10,000 barrels of oil a day this year, the company said, adding that it will use the funds to reduce its debt profile. The company has been setting up deals to sell assets and bring down debt ahead of $1.39 billion in maturities next year.

Tullow Oil offloads Kenyan assets to Gulf Energy in US$120m agreement

Oil & Gas‚ Oil and Gas Industry | intent | April 28, 2025 | Comment off

Under the terms of the transaction, Tullow will receive an initial cash payment of US$40 million upon completion, followed by another US$40 million by June 2026 or upon the approval of a Field Development Plan. A final US$40 million, contingent on future oil prices, will be paid over a five-year period starting in 2028, with any outstanding balance to be settled by 2033.

Tullow Oil’s shares slide as it cuts free cash flow forecasts

Oil & Gas‚ Oil and Gas Industry | intent | November 28, 2024 | Comment off

Shares of Tullow Oil fell as much as 10% in London trade today after the West Africa-focused oil company cut its full year free cash flow view to $150-$200m from its previous estimate of $200-$300m.

Tullow Oil on track to reduce net debt to less than €1.3bn

Oil and Gas Industry | intent | May 17, 2024 | Comment off

Africa-focused producer has increased access to oil price upside for the remainder of this year and next, it said in trading update

Oil Gas Risk Management Market 2024 Revenue and Share Analysis | ABS Group, Tullow Oil Plc, Intertek Group Plc

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | April 30, 2024 | Comment off

The unprecedented COVID-19 pandemic has undoubtedly disrupted numerous industries, and the Oil Gas Risk Management market is no exception. This report acknowledges the impact of the pandemic on the Oil Gas Risk Management market and provides organizations with strategic recommendations to navigate these turbulent times. By outlining strategies to mitigate the pandemics effects on operations, such as shifting to remote work models or implementing new safety protocols, the report empowers businesses to emerge stronger on the other side.

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