The Guardian | Tullow Oil unveils $2bn loss amid prices slump The Guardian The scale of the difficulties facing independent exploration companies has been underlined by Tullow Oil, which has crashed to a $2bn (£1.3bn) annual pre-tax loss. The London-based group said it planned to cut operating expenses by $500m over the next ... Tullow Oil Suspends Dividend Amid Oil Price Fall Losses soar to €1.7 billion at Tullow Oil Tullow Oil makes first loss in 15 years as price slide bites |