Tullow Oil said attempts to find more gas at its Mbawa-1 exploration well in Kenya had met with failure.
The FTSE 100 explorer previously announced drilling at the offshore well had encountered 52 metres of net gas pay in the primary target.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Are these FTSE 100 pharmaceutical stocks worth a look?Pharmaceutical stocks are some of the biggest in the FTSE 100. The sector is threatened by tariffs, but some have posted encouraging results regardless.
-
First-time buyer mortgages that lend a handThe first rung of the property ladder can feel like more of a leap than a step – but choosing the right mortgage can help
