Latest Tullow Oil News & Updates

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Tullow Oil (Tullow)

Oil and gas exploration and production company

tullowoil.com

Headquarters: Chiswick, United Kingdom
Founded year: 1985
Company type: Public company
Number of employees: 740–1,000
Industry: Oil & Gas Exploration and Production

Last updated September 30

Latest news about Tullow Oil (Tullow)

In short: Tullow lost a $196.5 million Ghana tax arbitration and reported strong first-half production

Company announcements

September 29 Tullow

Tullow Oil loses Ghana tax arbitration ruling

The ICC tribunal rules the $196.5 million corporate income tax assessment is not in breach of Tullow's Petroleum Agreements, and that 100% penalties fall outside contractual protections.

September 28 Tullow

Tullow reports strong first half production and cash flow

Production reached 43.7 kboepd, revenue rose to $496 million, and full year free cash flow guidance was upgraded to $170-250 million.

August 5 Tullow

Tullow upgrades 2026 free cash flow guidance on strong output

Group production averaged c.43.7 kboepd in the first half, with Jubilee and TEN output above expectations and FPSO uptime over 99%.

June 10 Tullow

Tullow reports strong 2026 performance ahead of its AGM

Group production averaged 43.1 kboepd from January to May, with free cash flow guidance of $70-175 million and realisations of about $96/bbl.

Media coverage

September 30 RTÉ

Tullow Oil loses $196.5m Ghana tax dispute, shares tank

An International Chamber of Commerce tribunal has ruled against Tullow Oil in a $196.5m tax dispute with Ghana Tullow Oil lost a $196.5m tax dispute...

September 30 Bloomberg

Tullow Oil Shares Drop 50% After Loss of Ghana Tax Dispute - Bloomberg

Tullow Oil Plc shares fell by half after the company lost an arbitration case over taxes on fields in Ghana that account for the bulk...

September 28 The Irish Times

Tullow loss widens as refinancing and tax costs outweigh oil price spike

Tullow Oil's losses widen in the first half of the year as costs relating to a major debt refinancing and a higher tax charge outweighed...

May 5 RTÉ

Tullow Oil sees production at top end of forecast after strong start to 2026

Tullow said its profit after tax for 2025 came in at $7m, compared with $55m reported a year earlier Tullow Oil has forecast annual production...

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