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
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
