UK's Tullow Oil's shares swung on striking multiple deals to strengthen capital

Tullow Oil

20/02/2026 08:35

** Shares of oil and gas firm Tullow Oil TLW.L swung between gains and losses in volatile trading

**Enters refinancing deal with Glencore  GLEN.L and owners of about two-thirds of its $1.3 billion senior secured notes, extending debt maturities by over two years to November 2028.

**Agrees to buy FPSO serving Ghana’s TEN fields for $205 mln to cut costs and boost long‑term cash flow

**Strikes deal with Ghana government to extend West Cape Three Points and Deep Water Tano petroleum contracts

     **Enters into multiple deals to stabilize capital structure and streamline operations amid heavy debt and delayed payments from Ghana’s government

**YTD, stock had risen 73.55%

(Reporting by Tuhina in Bengaluru)

(((( tuhina@thomsonreuters.com )) ))))