Tullow Oil posts $101m loss but increases oil production in 2026
Tullow Oil recorded a loss after tax of US$101 million in the first half of 2026, driven primarily by refinancing costs, despite generating US$495 million in revenue and achieving net production of 35.7 thousand barrels of oil per day. The company's turnaround strategy is showing progress, with improved production from new wells and enhanced FPSO uptime and optimisation activities.
6 October 2026 · Joy Online →