GBAF Logo
Finance

Kosmos Energy walks away from Tullow Oil acquisition

Published by Global Banking & Finance Review

Posted on December 17, 2024

1 min read

· Last updated: January 27, 2026

Add as preferred source on Google
Russian military operations targeting Ukrainian energy facilities amid ongoing conflict - Global Banking & Finance Review
The image illustrates the aftermath of Russian attacks on Ukrainian energy infrastructure, crucial to Kyiv's military capabilities. This highlights the intensifying conflict and its implications for global finance and security.
Global Banking & Finance Awards 2026 — Call for Entries

Kosmos Energy Withdraws from Tullow Oil Acquisition Deal

U.S. oil and gas firm Kosmos Energy walked away from its plan to buy West Africa-focused Tullow Oil on Tuesday, without specifying any reason for the decision, less than a week after the firms said they were in early talks for a possible deal.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Tasim Zahid)

Key Takeaways

  • Kosmos Energy cancels acquisition of Tullow Oil.
  • No specific reason given for the withdrawal.
  • Talks were in early stages before the decision.
  • Both companies are focused on West Africa.
  • The decision impacts future business strategies.

Frequently Asked Questions

What is the main topic?
The main topic is Kosmos Energy's decision to halt its acquisition of Tullow Oil, a company focused on West Africa.
Why did Kosmos Energy walk away from the deal?
Kosmos Energy did not specify any reasons for walking away from the acquisition deal with Tullow Oil.
What was the status of the acquisition talks?
The acquisition talks between Kosmos Energy and Tullow Oil were in the early stages before the decision to halt.

Related Articles

Image for Oil prices rise as no end to Iran war stand-off seems in sight

Oil prices rise as no end to Iran war stand-off seems in sight

Image for Irish consumer sentiment hits fresh 3-year low in April

Irish consumer sentiment hits fresh 3-year low in April

Image for UK budget rules should seek to lower debt, parliament committee says

UK budget rules should seek to lower debt, parliament committee says

Image for Easter discounts lower UK shop price inflation in April, BRC survey shows

Easter discounts lower UK shop price inflation in April, BRC survey shows

Image for Eni-Repsol joint venture seeking to increase gas output at Venezuela's Cardon IV

Eni-Repsol joint venture seeking to increase gas output at Venezuela's Cardon IV

Image for Trading Day: Tech in a world of its own

Trading Day: Tech in a world of its own

More from Finance

Explore more articles in the Finance category

Image for Berlin could kick off sale of energy firm Uniper by summer, sources say
Berlin could kick off sale of energy firm Uniper by summer, sources say
Image for KKR, Macquarie in Italy-backed talks over telecoms network commercial deal, sources say
KKR, Macquarie in Italy-backed talks over telecoms network commercial deal, sources say
Image for Austria ruling parties' outline budget deal includes higher corporate tax
Austria ruling parties' outline budget deal includes higher corporate tax
Image for Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag
Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag
Image for UK's car finance redress scheme faces legal challenge from consumer group
UK's car finance redress scheme faces legal challenge from consumer group
Image for UK public inflation expectations retrace in April, Citi/YouGov survey shows
UK public inflation expectations retrace in April, Citi/YouGov survey shows
Image for Accenture to roll out Copilot to all 743,000 employees in boost for Microsoft
Accenture to roll out Copilot to all 743,000 employees in boost for Microsoft
Image for Energy prices drag German consumer sentiment to three-year low, finds survey
Energy prices drag German consumer sentiment to three-year low, finds survey
Image for UK-based AI startup Ineffable raises $1.1 billion in Europe's largest seed financing
UK-based AI startup Ineffable raises $1.1 billion in Europe's largest seed financing
Image for Deutsche Boerse posts 11% rise in Q1 profit, as expected; sticks to guidance
Deutsche Boerse posts 11% rise in Q1 profit, as expected; sticks to guidance
Image for EU prosecutors investigate suspected COVID procurement fraud in Romania
EU prosecutors investigate suspected COVID procurement fraud in Romania
Image for Google gets pointers from EU regulators on helping AI rivals access services
Google gets pointers from EU regulators on helping AI rivals access services
View All Finance Posts