Tullow flags up African glitches
One of the African oil sector's bellwethers lowers its production forecast
Shareholders convening in London in late April to approve Tullow Oil's return to dividend payments were greeted with mixed news from the company's core African operations, including reduced production in Ghana and further delays to final investment decisions (FIDs) in east Africa. The company abandoned dividend payments after 2014, as it sought to bolster its finances during the oil sector downturn. However, with higher oil prices and more confidence over its prospects, late last year it recommended paying a final dividend of ¢4.8/share for 2018 at a cost of $67m and said it would pay out at least $100mn a year after that. The impact of a production drop in Ghana, while unhelpful to a compan
Also in this section
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
