Prime

EDITORIAL: What next for Tullow Oil and East Africa?

Tullow Oil worker is seen at an oil exploration site in Bulisa district. Tullow announced it terminated the farmdown on August 29, 2019 after the Sale and Purchase Agreement (SPA) expired. FILE PHOTO | REUTERS

By  The EastAfrican

The tumbling of Anglo-Irish oil prospector Tullow Oil’s share price on the London Stock Exchange on December 9, may have caught western markets by surprise but was not a completely unexpected development to the company’s watchers in East Africa.

Since the sudden collapse of oil prices from their peak starting in 2015, Tullow has been walking the high wire as the value of its acquisitions diminished relative to its costs.

Be the First to Know

Get the stories shaping East Africa — delivered straight to your inbox

Conflict

  1. PRIME 20,000 Ethiopians cross into Djibouti -- IOM

  2. Ethiopian troops enter town on border with Eritrea, stoking war fears

  3. PRIME How Houthis are restructuring Somali politics

  4. PRIME A regional war: Ethiopia troop pullout plan puts Somalia security under new strain

Latest

  1. PRIME 20,000 Ethiopians cross into Djibouti -- IOM

  2. PRIME Zuma hospitalisation slows MK campaigns ahead of local polls

  3. PRIME Somalia quarantines man who came into contact with Kenyan Ebola victim

  4. Malta flagged ship calls at the Port of Mombasa

    PRIME EA millers seek options as Baltic states plan blockade of Russian wheat

In the headlines

View All