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Gas prices hit Tullow Oil's year of change

Tullow Oil's "transformational year", which saw the exploration group join the FTSE 100 and discover new oil fields in Africa, ended with a slump in profits because of falling gas prices closer to home. The price of realised gas in the UK fell 19 per cent last year, leading to a 57 per cent fall in pre-tax profits from £263m to £114m in the year to December 31...

Topic: World Oil Company Updates

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