The crude oil storage tanks at the Kenya Petroleum Refinery in Changamwe where the commodity is kept before being exported. FILE PHOTO | NMG The Kenyan government and energy multinationals Tullow Oil, Total S.A. and Africa Oil have approached international lenders to set the terms on which they will finance the pipeline to be used […]
Tag: tullow oil
Kenya to market crude oil deposits to global financiers
Kenya has been in talks with financiers for a heated pipeline between Lokichar and Lamu Kenya will seek to market crude oil deposits to global financiers since the government no longer offers sovereign guarantees. Shell Kenya Country Manager Brian Muriuki says 70 per cent of the project is expected to be financed through debts from […]
Tullow dishes out Ivory Coast onshore seismic deal
Tullow Oil chief executive Paul McDade China’s Sinopec Geophysical Corporation (SGC) has landed a key contract to shoot 1500 kilometres of 2D seismic data across seven licences onshore the Ivory Coast operated by Tullow Oil. Sources at the Africa Oil Week conference in Cape Town said the Chinese player is preparing to begin the shoot, […]
Tullow Oil says too early for new FID date on oil project as Energy Minister reveals govt has solution
Tullow Oil Uganda Operations Tullow Oil has said it is still too early to give a new timeline on a final green light for investment in Uganda’s first oilfields, Tullow Oil Chief Executive Paul McDade said on Wednesday, reiterating the company’s plan to sell down its stake to TOTAL and CNOOC in US$900 million transaction […]
Delays in signing final investment decision in oil explained
Ernest Rubondo, the executive director of the Petroleum Authority of U Ernest Rubondo, the executive director of the Petroleum Authority of Uganda (UPA) has explained why the country is taking long to sign the Final Investment Decision (FID) that will see the release of money for actual oil production. Speaking at the sidelines of the […]
Petroleum laws to be amended:Higher oil production targeted
Mr Kweku Awotwi, Managing Director, Tullow Oil Ghana, and Executive Vice President, Tullow Oil PLC In its quest to ramp up oil production in the country, the government is taking steps to amend two petroleum laws to enable it to achieve that objective. The laws, the Exploration and Production Act, 2016 (Act 919) and the […]
Petroleum laws to be amended:Higher oil production targeted
Mr Kweku Awotwi, Managing Director, Tullow Oil Ghana, and Executive Vice President, Tullow Oil PLC In its quest to ramp up oil production in the country, the government is taking steps to amend two petroleum laws to enable it to achieve that objective. The laws, the Exploration and Production Act, 2016 (Act 919) and the […]
Tullow accused of doing little for Turkana people
Tullow has previously said that it has spent more than $2.5 million (Sh250m) on corporate social responsibility in the impoverished northern county. FILE PHOTO | NMG British oil explorer Tullow Oil is on the spot from community-based groups in Turkana on claims the firm is under-investing in projects to improve lives of residents disrupted by […]
Unlikely Oil Region Searches For New Investors
Uganda is currently pitching its vast and underdeveloped oil resources to investors at roadshows around the world, Uganda’s Energy Minister Irene Muloni told Bloomberg Television in an interview in Dubai on Tuesday. Uganda is one of the hot spots for oil development in sub-Saharan Africa. A newcomer on the oil scene, the landlocked country has […]
Tullow reiterates Western region as key component of its new vision for Africa
Tullow Oil says it will continue to work on projects and initiatives which will propel development in the Western Region particularly in the area of education. Director of external affairs, social performance and local content at Tullow Ghana, Cynthia Lumor stated this in an interview ahead of Tullow’s annual stakeholders’ engagement with the Western Regional […]