Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Ian Lewis
12 October 2016
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

'We are moving forward again rather than sideways', says Tullow Oil chief

Tullow Oil’s chief executive says his company is starting to emerge from a rough patch. New production will help, but the firm is still exploring

Aidan Heavey has some reason to be upbeat. A major new project in Ghana has just produced its first oil, technical problems at another nearby development are in the process over being overcome and efforts to produce from reserves in East Africa seem-finally-to be edging closer to fruition. For the chief executive of Tullow Oil, it all marks a shift in fortune. After a couple of years of gloomy news, Tullow is regaining some momentum. The company even managed to turn a modest profit in the first half of 2016-a period when weak oil prices have left others heavily in the red. The company's share prices is even starting to tick up. Heavey says early action and a good understanding with financial

Also in this section
Learning from oil’s supercycle miss
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
Explainer: What do Russia’s oil giants own overseas?
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
Letter from Saudi Arabia: US-Saudi energy ties enter a new phase
Opinion
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
Letter from London: Oil’s golden triangle
Opinion
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search