Tullow is on track to reduce net debt to less than $1.4 billion after it ballooned to more than $3 billion in 2020. Photograph: BloombergTullow Oil increased its exposure to global oil prices after a drop in debt allowed the Africa-focused producer to take on more risk.
Those changes mean that a $10 increase in the oil price to $90 a barrel this year would generate an additional $100 million of free cash flow, Tullow said.A student’s experience of renting outside Ireland: My landlord in the Netherlands said ‘I could stay forever’Tullow is on track to reduce net debt to less than $1.4 billion after it ballooned to more than $3 billion in 2020 as oil prices collapsed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: