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flag Tullow Oil cuts 2025 oil production forecast after selling Gabon assets, reports $80M loss.

flag Tullow Oil, a UK-based company with operations in West Africa, has lowered its 2025 production forecast to 40,000-45,000 barrels of oil equivalent per day after selling its assets in Gabon. flag The company reported a first-half loss of $80 million, a significant drop from last year's profit. flag Tullow plans to focus on refinancing its capital structure, optimizing production, and cost-cutting measures.

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