Tullow Oil issues a trading statement and operational update. It emerged last month that Paul McDade, its former chief executive, will walk away with more than €1.2 million from the company. This followed an almost €1 billion collapse in the firm’s share value in December following a warning that its output will slump this year. Oil production from its main African wells in Ghana is expected fall by about 7,000 barrels a day and by...
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