Tag Archives: Tullow Oil

Troubled oil company Tullow Oil plc’s path to revival got a boost as its lenders agreed that the company’s debt capacity remains in a healthy position. A release issued by the company on Friday said its recent Reserves-Based Lending (RBL) redetermination confirms a debt capacity of US$1.9 billion as well …

Tullow Oil Plc’s chief executive officer and exploration director quit after the company cut its production outlook and suspended the dividend. The shares tumbled, deepening their loss for the year to more than 60%. CEO Paul McDade and exploration chief Angus McCoss resigned with immediate effect, marking the exit of …