It’s going to be difficult for Tullow Oil to attract a new investor to buy into its Uganda oil fields after negotiations to sell 21.5 per cent of its stake for $900 million to its partners – France’s Total E&P and China’s Cnooc – collapsed late last week. The failure to complete the deal after […]

Investment. An oil rig on the lake shores of Lake Albert. The suspension of the building of the pipeline could further delay Uganda’s oil production plans. FILE PHOTO Total E&P officials were not readily available for comment, while Cnooc referred to the former, as the lead project developer, for comment. Both Total E&P, and CNOOC […]

President Museveni and his Tanzanian counterpart John Magufuli are expected to meet today on the sidelines of the Uganda-Tanzania Business Forum in Dar-es Salaam to chart a way forward on progress of the proposed East African Crude Oil Pipeline (EACOP). The meeting, sources familiar with the matter told Daily Monitor, comes on the heels of […]

Aberdeen-based Stena Drilling has won a contract to provide a drillship for a well campaign off Ghana. The Stena Forth vessel has been booked by Springfield Exploration and Production for the wells on West Cape Three Points (WCTP) Block 2, starting with the Oak prospect. Stena Forth will get down to work for Springfield once […]

British oil explorer Tullow Oil has set 2024 as the earliest date Kenya can expect to start reaping gains from the Turkana oil. FILE PHOTO | NMG British oil explorer Tullow Oil has set 2024 as the earliest date Kenya can expect to start reaping gains from the Turkana oil. Tuesday’s announcement has dampened hopes […]

ON THE FIRING LINE: Governor Mutebile and his deputy Kasekende. Bank of Uganda (BoU) closed seven commercial banks during the period 1993 to 2016, mainly on account of undercapitalization. But it was the closure of Crane Bank Limited (CBL) and its subsequent sale in January 2017 that would trigger an audit of BoU on closure […]

Executive Vice President of oil company Tullow Oil plc, Kweku Awotwi Executive Vice President of oil company Tullow Oil PLC, Kweku Awotwi, has said that the latest oil discovery in Guyana will be beneficial to Ghanaians. According to him, the discovery does not only extend the radar of Tullow PLC but broadens the employment horizon […]

Irene Asare, Tullow Business Services Director Tullow Oil Ghana has joined forces with two other institutions to mentor Human Resource (HR) practitioners with the competencies required to climb higher the professional ladder. Tullow is, therefore, partnering the Institute of Human Resource Management Practitioners (IHRMP) and the China Europe International Business School (CEIBS), Africa, to mentor […]

QP will obtain a share of exploration and production rights in two offshore Guyana blocks. Qatar Petroleum (QP) reported Monday that it has signed an agreement with Total S.A. to obtain a share of exploration and production rights in two offshore Guyana blocks. The agreement, subject to regulatory approvals, would give QP 40 percent of […]

The Ministry of Energy, in partnership with the Business and Financial Times, has organised a two-day forum for policy makers and stakeholders in the Energy sector to dialogue and develop strategies to promote the industry. The Summit, which opened on Tuesday in Accra, would provide an opportunity for the global energy industry, academics and students, […]