Tag Archives: Tullow

  Experts say it will help make energy poverty history in Africa by 2030 | THE INDEPENDENT | The East African Crude Oil Pipeline (EACOP) represents a critical solution to making energy poverty history in Africa by 2030, say experts led by says NJ Ayuk, Executive Chairman of the African …

London, UK | THE INDEPENDENT | Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent. The Anglo-Irish Oil and gas operator has over 30 licenses across eight countries in Africa and South America. It was once the lead investor in …

London, UK | THE INDEPENDENT | Tullow Oil says it expects a sh264 billion “earnout” from TotalEnergies after a Final Investment Decision for the Tilenga Project in Uganda and the East African Crude Oil Pipeline (EACOP) The Irish-founded company said in a statement on Wednesday that the FID taken by Total …

Kampala, Uganda |  THE INDEPENDENT  |  The African Institute for Energy Governance (AFIEGO) is demanding for the involvement of Ugandans in the negotiations on the East African Crude Oil Pipeline and the Tilenga oil projects in the Albertine region. The call comes as Ugandan and Tanzanian leaders and their technocrats …

Chinese foreign minister Wang’s visit to Africa is another missed opportunity to seal deals ANALYSIS | THE INDEPENDENT | Chinese Foreign minister Wang Yi has been on a five-nation tour in Africa that started on Jan.04 and took him to Nigeria, the Democratic Republic of the Congo, Botswana, Tanzania and …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Digging for oil: Tullow’s 16-year acrimonious relationship with Uganda ends THE LAST WORD On Uganda’s election violence: How the president,the security services and the opposition are beneficiaries of this political pathology COMMENT Why …

Govt’s green light to Total raises its stake to 66.66% Kampala, Uganda | RONALD MUSOKE | French oil firm, Total, will become the biggest shareholder in Uganda’s oil project following the government’s approval of the sale of Tullow’s 33.33% stake of its Ugandan assets at US$ 575 million (Approx. Shs …

NEWS ANALYSIS |  THE INDEPENDENT |  Uganda is expected to get USD 14.6 million (about sh55 billion) as capital gains tax on the sale of oil and gas interests in Uganda by Tullow Oil to French multinational oil and gas company TOTAL SE.  The long-drawn-out process of Tullow Oil exiting Uganda …

Kampala, Uganda | THE INDEPENDENT | French oil major Total,  the Ugandan government and Tullow have resolved tax disagreements that have delayed the sale of a $575 million stake that is key to ensuring Uganda produces first oil in three years’ time. “Government of Uganda and the Ugandan Revenue Authority have executed a …

Kampala, Uganda | THE INDEPENDENT | Government has finally allowed Tullow to sell all its stake in Uganda’s oil and gas sector to French oil giant Total E&P. Tullow in a statement on Wednesday announced that the Ministry of Energy and Uganda Revenue Authority approved the deal valued at $575 million …