Tag Archives: CNOOC

Kampala, Uganda | THE INDEPENDENT  |  International Joint Venture Partners operating in Uganda’s Oil and Gas Sector have cautioned the Country’s Small and Medium Enterprises to expect no compromise in procurement in the industry.     They say they are committed to maintaining a high standard in the industry while sub-contracting to …

Some governments need to pick up the pace on signing off on upstream projects in order to attract capital, Tullow boss says | THE INDEPENDENT | African countries risk losing out to other markets in the race for global upstream investment capital due to slow decision making by some governments …

Kampala, Uganda | THE INDEPENDENT  | The government has reaffirmed its commitment to ensuring that the East African Crude Oil Pipeline (EACOP) project comes to fruition despite recent challenges. The assurance was given by Minerals State Minister, Peter Lokeris in Kakumiro district at the opening of a public hearing into the …

Kampala, Uganda | THE INDEPENDENT  | Uganda government will once again withdraw money from the petroleum fund and use it to fund the 2019/220 financial year budget. According to Bank of Uganda, government will withdraw 445 billion shillings which will be transferred from the fund to the consolidated fund for …

On Aug.29, Tullow’s proposed sale and purchase agreement stipulating the US$900 million farm down to its JV Partners, Total and CNOOC, was terminated. This news was followed a week later, on Sept. 05, with Total’s suspension of technical activities on its pipeline project—the EACOP. Pierre Jessua, the General Manager of …

There is plenty to cheer than mourn about after Tullow oil deal failed THE INDEPENDENT | RONALD MUSOKE | Following the August fallout of Tullow Oil Plc’s farm down to Total E&P Uganda and China National Offshore Oil Corporation (CNOOC), the government appears to be going after a three-pronged come-back …

‘The man ready to teach Uganda a lesson’ Kampala, Uganda |THE INDEPENDENT | Details emerging following the recent failure of major oil companies to pressure the Uganda government to grant tax concessions before a crucial purchase and sale deal are casting the country as a “nightmare” for oil firms. And …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said that he is in touch with the executives of oil companies and will meet them soon to discuss the current impasse in the sector. Museveni, who was speaking at the 5th Oil and Gas Summit at Serena Hotel in Kampala …

How gross absurdities and misguided corruption fears have killed Uganda’s oil industry THE LAST WORD | ANDREW M. MWENDA | Uganda has been trying to get oil of out the ground for the last 12 years, having discovered reserves in 2007. Last week Tullow ended its proposed farm-down to CNOOC …

Will he flee or fight oil firms? Kampala, Uganda | RONALD MUSOKE | President Yoweri Museveni’s plan to get Shs 446 billion from Uganda’s Petroleum Fund to finance part of the budget deficit this year may have been dashed when Tullow Oil refused to cough up Shs 600 billion in …