Britain's Tullow Oil chief to exit as group loses half its value
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LONDON (Reuters) - More than half of the value of Africa-focused Tullow Oil was wiped out on Monday as Chief Executive Officer Paul McDade stepped down and the oil producer scrapped its dividend after failing to meet production targets due to weak performance by flagship assets in Ghana.The London-listed company has been plagued by technical problems at its Jubilee field in Ghana and a delay in completing a well at the TEN offshore field.Tullow, which had already cut its output estimates by 14..