Tag Archives: Tullow

NEWS ANALYSIS: Experts dissect the government’s target of oil finally flowing by 2020 The government of Uganda on Aug. 30 finally issued oil production licenses to Tullow Uganda Operations Pty Ltd and Total E&P Uganda B.V. The move ended a long wait for the oil companies caused by disagreements with the …

VIDEO: The Ministry of Energy and Mineral development has awarded 8 petroleum production licences to oil companies– with production work expected to start within 18 months. The licenses that have been awarded to Tullow Uganda operations and Total E&P will see three partner petroleum companies start oil production in a total …

Uganda on Tuesday issued oil production licences to the French group Total and British company Tullow. Energy Minister Irene Muloni said first oil production is now expected in 2020. Experts say the government hopes to earn $1.5 billion a year from oil exploitation, particularly from taxes, royalties and a 15% share of the benefits …

By Haggai Matsiko Apprehensive government offers to renegotiate as once-prized wildcatter struggles to stay afloat Since news surfaced that it was being hit hard by the downturn in the global oil markets, the mood at Tullow Oil Uganda’s offices at Plot 15 Yusuf Lule Road in Kampala has been sombre …

By Andrew M. Mwenda It is very unlikely that Museveni would trade US$ 404m to the treasury for a private bribe of $50m. Here is why. Press reports that Tullow Oil discussed to bribe President Yoweri Museveni with a private cash payment of US$50 million for his 2011 re-election campaign …

By Julius Businge Tullow Oil has announced an explorations and appraisal campaign portfolio management with a target for a planned 40 wells globally in 2013, it said in a Jan. 11 statement. Aidan Heavey, Tullow’s Chief Executive said: “Tullow accomplished much in 2012. We have had significant exploration success in …

By Julius Businge Tullow Uganda has opened applications for the 2013/14 Tullow Group Scholarship Scheme (TGSS) aimed at supporting national participation in Uganda’s oil and gas industry, the oil company said on Jan.9. Under the 2013/14 Tullow Group Scholarship Scheme, the company is offering 20 university education opportunities to Ugandan nationals …

By Haggai Matsiko New rules to force CNOOC, Total, Tullow to reveal money paid The U.S’s Securities and Exchange Commission has finally issued the long awaited new rules that outline how oil, gas and mining companies must comply with Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection …

By Haggai Matsiko Tullow, CNOOC and Total get $2.9 bn oil deal amidst allegation of corruption What could prompt Tullow, CNOOC and, Total to disregard a raft of cases in international courts, a court injunction at home and a resolution of parliament and sign a deal with Uganda? Money. Possibly …

By Eriasa Mukiibi Sserunjogi New US law to expose details of Shs 1.3 trillion Tullow deal When Tullow Oil pays US$140 million (Approx. Shs 395 billion) to the government this month, it will mark the first time such a deal will have been struck without secrecy in Uganda. It will …