Tullow focuses on West Africa
The Anglo-Irish producer is narrowing its scope for another transitional year
Debt-hobbled Tullow Oil will look to retrench to its core producing assets and exploration and development in West Africa as it tries to boost free cash flow (FCF) to further reduce borrowings. The firm expects to produce less oil year-on-year in 2021, due to a combination of deferred developments and planned maintenance. “The plan is focused on ensuring that Tullow’s producing assets in West Africa reach their full potential,” says Rahul Dhir, Tullow’s CEO. “We will leverage the new plan and our reduced cost base to generate positive FCF at current commodity prices, drive down our net debt and deliver a robust balance sheet.” The firm ended the year with $430mn in positive FCF. Tullow prod
Also in this section
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
Africa must dramatically scale energy investment to meet rising demand while cutting emissions. ARDA’s Anibor Kragha argues that a “just, Africa-centric transition”—focused on refining capacity, cleaner fuels, infrastructure and innovative finance—will be essential
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
