Tullow Oil reported a full-year loss after tax of $110M due to impairments on Ghanaian TEN development.

Tullow Oil reported a full-year loss after tax of $110M due to impairments on Ghanaian TEN development, as fields go into decline. The company's pretax profit fell 78% to $95.9M, with impairments and write-offs totaling $435M. In 2023, Tullow Oil swung into a loss after cutting the value of reserves in its West African oilfield, and Chief Executive Rahul Dhir said the company would consider shareholder returns after 2025.