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Uganda: Is Tullow's 12-Year Adventure in Uganda's Oil Sector Ending?
Monitor, 18 January 2017
Finding success where others don't. This was the New York Times headline on July 3, 2012. The article was describing how Tullow Oil Plc, an Irish company, was opening up frontiers… Read more »
Is Tullow Oil Pulling the Plug on Uganda Venture?
Speculation is rife that the firm will be leaving the country, after its announcement that it is scaling down its stake in oil development, shedding nearly two thirds of its holdings to rival firm Total E&P for U.S.$900 million.
Uganda’s oil: Commercial discoveries of oil reserves have been made in a number of areas including, but not limited to, Butiaba, Ngassa, Kaiso-Tonya, Kingfisher, among others. Despite Tullow Oil’s numerous contribution towards these discoveries, the oil firm has started to ease out of Uganda through sale of its stake.
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East Africa: Tullow Oil Exiting Uganda's Oil Sector?
Independent (Kampala), 16 January 2017
Oil pundits sees Tullow Oil plc.'s new share sale a strategy to exit the country's oil sector Read more »
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Kenya: Tullow Hints at Kenya Oil Wells Sale After Uganda Deal With Total
Nation, 11 January 2017
British explorer Tullow has hinted at a possible sale of shares in its Kenyan oil wells after selling slightly over a fifth of its stake in four exploration blocks in Uganda to… Read more »
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Kenya: Tullow Sells Stake in Oil Sites to Total Uganda for Sh93 Billion
Capital FM, 10 January 2017
Tullow Oil plc has offloaded 21.57 percent of its stake in four exploration areas in Uganda for $900 million (Sh93 billion) to Total Uganda. Read more »
InFocus
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The government is yet to start oil production, but it is already earning money that can be termed as oil-related revenue, writes Mark Keith Muhumuza for the Daily Monitor. Read more »
