Paul McDade Tag

Africa-focused oil explorer and producer Tullow Oil (LSE:TLW) has booked a US$600 million impairment charge on its property and equipment assets, due to a continued slump in prices for crude. The pre-tax, non-cash impairment charge was announced in its mid-year trading update, although the report forecasted...

Tullow Oil (LSE:TLW) cut its debt by US$200 million during the first quarter of 2017 as chief executive officer Aidan Heavey prepares to hand the reigns of the company over to Paul McDade. This board reshuffling follows what Heavey called an ‘exceptionally busy’ period for the...