'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
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
