Comprehensive  Ghana Oil and Gas news, information, updates, analysis

News in Brief

S&P cuts Tullow Oil rating on Ghana exposure


Standard & Poor’s on Tuesday said it had lowered its credit rating for British oil and gas explorer Tullow Oil after it announced a review of its African business which would increase its exposure to Ghana.

The recent sharp declines in oil prices put further pressure on Tullow’s profits outlook, S&P said, after it cut its long-term corporate credit rating for Tullow to “BB-” from “BB”.

“Tullow Oil has recently announced potential adjustment in its investment plans, which could increase Tullow’s exposure to Ghana. We consider that this represents a rating constraint,” the rating agency said in a statement.

Source: Reuters

Share this article

Leave a reply

Personality of the Month
Follow Us Online
About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes ( with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Jan 2018 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4
Twitter Activity Stream

Partners We are proud to be associated with:

Skip to toolbar