Maersk Decom planning Tullow’s decom work in Mauritania As an up-and-coming area for decommissioning, Africa is following developments in more mature areas, such as the North Sea. One company with experience of European operations is Maersk Decom, and it has experience – through affiliated companies – of work in Africa. “We have a head start […]
Tullow Oil plc (LON: TLW) announced Tuesday that the sale of its assets in Uganda to Total (NYSE: TOT) has now completed. Tullow Oil plc (LON: TLW) announced Tuesday that the sale of its assets in Uganda to Total (NYSE: TOT) has now completed. The company said a $500 million consideration was received on Tuesday […]
London-listed Tullow Oil is considering plans to source back-up power from onshore wind and geothermal assets in Kenya to support its challenging South Lokichar basin oil project in the East African country. The Anglo-Irish operator — along with partners Total and Africa Oil — is revisiting the original South Lokichar exploitation scheme to reduce costs […]
Tullow has sold off its Uganda assets Tullow Oil has completed the sale of its Ugandan assets to Total, receiving $500 million. Total will pay another $75mn to Tullow when the French company reaches a final investment decision (FID). Total may also make further contingent payments, linked to the oil price. “The closing of our […]
Tullow in a statement posted on its website said it is due to receive a further $75m . Total has acquired Tullow Oil’s stake. Courtesy photo British oil company Tullow Oil has completed the sale of its assets in Uganda to Total at $500m. Tullow in a statement posted on its website said it is […]
EACOP The East African Crude Oil Pipeline (EACOP) has signed a host government agreement (HGA) with Tanzania, as plans for the Ugandan oil development near the finish line. A statement from Total E&P said the October 26 deal was “yet another successful step in the process, following the implementation of the Ugandan HGA on September […]
Tullow Oil Camp in Uganda (file photo). After approval of Tullow sale to Total, the government and joint venture partners in the Lake Albert Development Project are now working on pending issues to meet the December target for Final Investment Decision (FID). Energy Minister Mary Goretti Kitutu gave the approvals on Wednesday, October 21 – […]
Govt’s green light to Total raises its stake to 66.66% Kampala, Uganda | RONALD MUSOKE | French oil firm, Total, will become the biggest shareholder in Uganda’s oil project following the government’s approval of the sale of Tullow’s 33.33% stake of its Ugandan assets at US$ 575 million (Approx. Shs 2 trillion). This new development […]
Anglo — Irish company Tullow Oil announced yesterday the approval of their sale transaction (farm down) to French Total E&P by government, paving way for the company winding up its operations in Uganda after almost 16 years. The company, in a statement issued yesterday from their London office, said this is after "executing a binding […]
The 4th edition of the annual Ghana Energy Awards (GEA) has, in recognition of his invaluable service to the country, conferred upon the current Board Chairman of the Volta River Authority, Kweku Andoh Awotwi, the honour of the prestigious Lifetime Achievement Award. Having served in several highly demanding capacities in the power and petroleum sectors […]
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