Tullow Oil plc (TLW.L)

Financial Roller-Coaster Ride Independents to Force Consolidation Increase

European independents seem to be forced to continue to ride their financial roller-coasters for a longer period. Ongoing international pressure to cut hydrocarbon financing, while COVID related demand destruction continues or even threatens to build up very soon again, is pushing not only US shale oil and gas companies over the brink, but is showing its ugly face in European oil and gas too.