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East Africa: Oil Firms, State Sweating Out Pending Issues on Tullow Sale
East African, 28 October 2020
After approval of Tullow sale to Total, the government and joint venture partners in the Lake Albert Development Project are now working on pending issues to meet the December… Read more »
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Kenya: Kenya Offers Tullow Oil Tax Relief in a New Deal
Nation, 13 September 2020
The government gave into a raft of concessions demanded by Tullow Oil after the freeze on Turkana oil exploration in May, according to the firm's latest financial fillings. Read more »
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Uganda: Tullow Sells Ugandan Stake to Total for $575m
East African, 23 April 2020
Tullow Oil Plc has sold all its assets in Uganda to Total Uganda at $575 million to cut on debt, with bids for selling the Kenyan unit expected to follow. Read more »
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Uganda: Tullow Shareholders Set to Approve Sale of Assets to Total
Oil in Uganda, 10 July 2020
Tullow Oil Plc shareholders are set to approve the company's sale of all its assets in the Lake Albert Development project to Total E&P Uganda BV. Read more »
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East Africa: Tullow's Deepening Troubles Across EA
Monitor, 13 February 2020
Tullow Oil's latest job cuts announced particularly in Kenya and related actions in other subsidiaries such as Uganda continue to dampen the possibility of oil production and… Read more »
East Africa-Based Oil Firms Sorting Issues on Tullow Sale
Uganda's Energy Minister, Mary Goretti Kitutu, has given the approval for Tullow's exit from the country's oil sector, where it has been in operation since 2004, and its sale to Total Uganda. A month after the Uganda government and Total Uganda initiated the Host Government Agreement (HGA) for the East African Crude Oil Pipeline (EACOP), it put pressure on the joint venture partners to finalise several unresolved issues that include reaching a similar HGA with Tanzania for the EACOP. "Discussions that were initiated in the recent past will soon resume", according to Total Uganda General Manager, Pierre Jessua. The final investment decision will reportedly unlock investments in the region of U.S.$8 billion on the oil infrastructure and Kampala terminal.
InFocus
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British oil explorer Tullow, has been given another 15 months for the exploration phase of the Turkana oil project. This will have an impact on production timelines and will extend ... Read more »
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Tullow says it has more than 185,000 barrels of crude at the Mombasa refinery. It has said that the pilot programme allowed Kenya's oil to be marketed and established on world ... Read more »
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The British firm has said it is transferring its assets for the Lake Albert Development project and the proposed East African Crude Oil Pipeline System to Total Uganda at U.S.$575 ... Read more »
