News Oil & Gas

Tullow NED buys 200,000 shares

Tullow Oil plc non-executive director Roald Goethe has bought 200,000 ordinary shares of 10p each in the company. Two 50,000 purchases, at an average price of £0.31 per share to total £31,395, took place on 25 March via the London Stock Exchange. A further two 50,000 purchases, for the approximate same price per share for […]

News Oil & Gas

Tullow Oil CEO-CFO exercise total 10.5m share options

Two Tullow Oil plc directors have exercised a combined 10.5 million granted nil price options over ordinary shares of 10p each in the company. On 11 March, chief executive officer Rahul Dhir acquired 5,549,057 shares in relation to the company’s executive share plan for the performance period 2024-2026. He also acquired 1,144,385 shares from options […]

News Oil & Gas

Tullow swings to $435m loss

Tullow Oil plc swung to a loss driven by impairments and write-offs totalling $435 million from its operations. RELENTLESS Year results for 2023 showed loss from continuing activities of $110m compared with a $49m profit in 2022. The group wrote off exploration costs of $27m (2022: $105 million) mainly in Kenya following withdrawal of the JV partners. A re-assessment of risks resulted […]