Oil and gas company Tullow Oil plc (TLW.L) Wednesday, in an interim statement for the period from January 1 to May 8, said financials are in line with expectations.
The company further said full-year capital expenditure is expected to be in the region of $2 billion excluding the Spring acquisition cost of $372 million paid in January.
Looking forward, the firm said, with a strong balance sheet, robust production, planned portfolio activity to manage development capital and a set of industry-leading exploration basins and prospects, Tullow is well placed for the rest of the year and into 2014. It further said its exploration programme has significant high-impact wells across Africa, Norway and French Guiana and it is making progress towards securing the company's medium-term organic production in Ghana and Uganda.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.