European Oil in ‘Doldrums’ Needs Discovery, Tullow CEO Says
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European exploration and production companies need a major discovery or acquisitions “to ignite” investor interest in the flagging industry, Tullow Oil Plc Chief Executive Officer Aidan Heavey said.
“It’s been two years now in the doldrums, which is a long time,” Heavey said today in a phone interview. “The market here needs something to get it excited. It’s just kind of bored, there has been no real activity.”