How is the Covid-19 pandemic impacting investment in large-scale oil and gas developments in sub-Saharan Africa? Ian Lewis sees tough times ahead Getting upstream oil and gas projects off the ground in sub-Saharan Africa was challenging before the Covid-19 pandemic. Now the operating environment is even tougher, as the industry contends with …
Read More »Total promises to fast track Uganda oil project
Local entrepreneurs remain cautious Kampala, Uganda | RONALD MUSOKE | Following the signing of the host government agreement with Uganda on the weekend of Sept.11, senior officials from the French oil major, Total, say they are now ready to move faster project activities that will ensure Uganda produces first oil …
Read More »CNOOC elects not to pre-empt Tullow sale of Ugandan assets
Kampala, Uganda | RONALD MUSOKE | Chinese oil firm, CNOOC, has chosen not to pre-empt Tullow Oil’s sale of its assets in Uganda to Total according to a statement published on May 28 on Tullow’s website. “Tullow Oil plc announces that CNOOC Uganda Limited (CNOOC) has informed both Tullow …
Read More »Tullow farm-down offers glimmer of hope amidst COVID-19 crisis
COMMENT | Joseph Mukasa Ngubwagye | On the 23rd of April 2020, media was awash with the news of the transfer of Tullow’s interests in the Uganda Lake Albert Project to Total E&P Uganda B.V. Total will acquire all of Tullow’s current 33.3334% stake in each of the project licenses …
Read More »Uganda Govt ‘happy’ with Total-Tullow deal
Dr. Mary Goretti Kitutu, the Minister of Energy and Mineral Development noted in a short statement released yesterday that: “The agreement is a significant milestone in Uganda’s oil and gas sector and is a critical development that takes the sector towards the final investment decision (FID) that the country is …
Read More »Tullow finally sells its Ugandan assets
Kampala, Uganda | RONALD MUSOKE | French oil super major, Total, will take over Tullow’s assets in Uganda’s Lake Albert Development project including the stake in the East Africa Crude Oil Pipeline following the recent conclusion of a sale and purchase agreement with the British oil firm. According to …
Read More »The paradox of Uganda’s oil curse
How our government built and has now almost destroyed the country’s oil industry THE LAST WORD | ANDREW M. MWENDA | Uganda’s upstream oil industry is dead. Ok, let me admit this is a bit of an exaggeration. It is more appropriate to say it is in a coma …
Read More »Delays in Uganda’s oil
Here are the likely impacts of delays in making the Final Investment Decision after seven postponements | CORTI PAUL LAKUMA | Yet again the final investment decision (FID) on oil production in Uganda was delayed in August 2019. The delay meant that the date for first oil had to be …
Read More »Uganda’s long road to first oil
FDI expected to be reached by April 2020 ANALYSIS | LIAM TAYLOR – Africa Business Magazine | Oil deposits have sat beneath the shores of Lake Albert, in western Uganda, for millions of years. Since its discovery in 2006, plans to extract the oil, estimated at over 1bn recoverable barrels, …
Read More »Mariam Nampeera Mbowa appointed Tullow Uganda boss
Kampala, Uganda | THE INDEPENDENT | Mariam Nampeera Mbowa, Tullow’s Associate General Counsel in Uganda, has been promoted and appointed Country Manager for Tullow Uganda and will assume duties on New Year’s Day. Jimmy Mugerwa, currently MD Tullow Uganda has been promoted to become Tullow Group’s Corporate Head of Infrastructure …
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