Tag Archives: Tullow Oil

Kampala, Uganda | THE INDEPENDENT | Tullow Oil has set dates for meeting its shareholders as part of the planned sale of its stake in the Lake Albert Development Project in Uganda. The company according to the UK rules issued a circular and notice for its general meeting relating to …

Kampala, Uganda | THE INDEPENDENT | A deal in which Irish firm Tullow Oil sold all its interests in the Lake Albert oil project to France’s Total E&P has been hailed as a win for the country and all stakeholders involved. African Energy Chamber, a think tank on oil and …

Uganda discovered oil in 2006 but disagreements between the government and oil companies have stalled its development Kampala, Uganda | ISAAC KHISA | Uganda National Oil Company (UNOC) plans to invest $840million in joint infrastructure projects in the country’s oil and gas sector, said its Chief Executive Officer, Proscovia Nabbanja. …

Kampala, Uganda  | THE INDEPENDENT | The delay in the announcement of the Final Investment Decision on the Uganda oil project is causing unease among civil society organizations in the Albertine graben. Uganda discovered approximately 6.5 million barrels of commercially viable oil deposits in the Albertine graben in 2006, raising …

It is still unclear how the London departures will impact on Uganda’s oil project Kampala, Uganda | RONALD MUSOKE | On Dec. 09, Paul McDade, Tullow Oil Plc’s Chief Executive Officer, and Angus McCoss, the company’s Exploration Director stepped down from their positions by “mutual agreement and with immediate effect,” …

Uganda woos new oil investors in Cape Town Kampala, Uganda | RONALD MUSOKE | Despite the current stalemate in the local oil and gas industry, the government remains optimistic that the joint venture oil companies involved in commercializing Uganda’s petroleum resources will reach a final investment decision before April, 2020. …

CSOs accuse NEMA, oil companies of doing sham environmental impact public hearings Kampala, Uganda | RONALD MUSOKE | Civil society organisations that are tracking developments in Uganda’s fledgling oil and gas industry have asked the National Environment Management Authority (NEMA) to ensure transparency and accountability whenever citizens are appraising oil …

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 …

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 …