'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
1 November 2024
Ashgabat’s ambitions appear to mesh well with China’s growing appetite for gas
31 October 2024
The country is nearing a tipping point as its domestic needs continue to grow
30 October 2024
Attempts to control domestic fuel prices could threaten supply
29 October 2024
After some delay, the much-heralded sale of oil and gas companies’ mature upstream assets in sub-Saharan Africa has gained fresh momentum, with a clutch of deals reaching completion
