Tullow has experienced a significant departure of its independent non-executive directors, with the Chairman and three other directors stepping down with
Read MoreTullow’s endgame may be approaching, or perhaps not. As we stated previously, a delisting, debt for equity and/or Amend and Extend are the only
Read MoreAlthough Tullow does not publish quarterly results, its Ghanaian partner, Kosmos, does, providing a useful read-across. The implications for
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Tullow appointed Ian Perks as its new CEO. Mr Perks worked for BG Group and Total, but since January 2021, he has been working as a
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Tullow remains without a clear strategic direction, with the first half results offering little additional clarity. Jubilee production came
Read MoreLast man standing, and not as planned. The Senior Secured Notes, issued with a springing maturity and other protections, now find themselves the
Read MoreTullow has taken another step in completing the sale of its Kenyan assets, signing the sale and purchase agreement with Auron Energy, an affiliate of
Read MoreIn acknowledgement that Tullow will not be able to make it on its own, management has been attempting to initiate merger talks with
Read MoreThe Ghanaian Government (Ghana National Petroleum Company) have signed a Memorandum of Understanding to extend oil
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Tullow issued a trading update before hosting its AGM later this morning. With no drilling in Q1, which included a 2-week planned
Read MoreThe exit of Tullow from its Kenyan operations is confirmation that the equity story is dead. Tullow Oil have agreed heads of terms for 100% of its interests in Kenya for $120m, $40m of which is payable on completion and an additional $40m by June 2026 at
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Tullow - No CEO, quickly becoming a one-trick pony. Tullow has sold its working interest in Gabon for $300m (to close over the summer), which leaves Tullow increasingly
Read MoreRahul Dhir, the CEO, is looking for a quicker exit than we anticipated, as he is resigning from the Board on February 14th. Tullow continues to
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Our projections for net debt was $1.5bn, $100m higher than Tullow’s own guidance in November. Now, Tullow is guiding $1.45bn, splitting the difference, with
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Tullow Oil is in the process of identifying the 2026 SSN holders, which some see as a precursor to a liability management exercise. Senior Secured Bondholders have
Read MoreTullow have won their first arbitration. As a result of the Tribunal's award, Tullow Ghana is not liable to pay the $320 million BPRT assessment issued by the Ghana Revenue
Read MoreWhat a difference a word makes. Tullow and Kosmos have both made statements stating the preliminary discussions between the two are taking place, with a
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