The deal will see Tullow exit Uganda after 16 years of operation. File Photo Last month’s French oil giant Total E&P acquisition of Anglo-Irish Tullow assets awaits Cabinet approval before it can be endorsed by government, the Ministry of Energy has said. Dr Goretti Kitutu, the Energy minister, last Friday said they are “waiting for […]
Tag: tullow oil
Uganda: Total-Tullow Oil Sales Deal Awaits Cabinet Approval
Last month’s French oil giant Total E&P acquisition of Anglo-Irish Tullow assets awaits Cabinet approval before it can be endorsed by government, the Ministry of Energy has said. Dr Goretti Kitutu, the Energy minister, last Friday said they are "waiting for this clearance" before the next step can be decided. Ms Kitutu also showed optimism […]
Tullow Oil instructs Freshfields on USD 575 million Ugandan project exit
Tullow Oil has chosen a team of lawyers from Freshfields Bruckhaus Deringer to guide it through the potential disposal of its entire 33.3% interest in Ugandan project, the Lake Albert Development Project, to French oil and gas firm, Total. The transaction is expected to close in the second half of this year. Tullow has instructed […]
New Round of Layoffs at Maersk Drilling
A Maersk Drilling rig – Image Credit: Maersk Drilling Offshore drilling company Maersk Drilling has announced a new wave of layoffs and has revised its financial guidance for 2020, citing oil and gas companies’ budget cuts and delays and cancellations in offshore drilling tenders. As previously reported, Maersk Drilling in April said it would lay […]
Tanzania: Oil Pipeline Works Kick Off Next April
Dodoma — THE construction of a major crude oil pipeline from Hoima in Uganda to Tanga in Tanzania will begin in April 2021, taking the cooperation of the two east African countries in the oil industry to new heights. Energy Minister Dr Medard Kalemani announced the fresh development yesterday in the National Assembly when tabling […]
Angola, Senegal, Cameroon, Ghana and Nigeria Among the Most Hard Hit Amid COVID-19 and Oil Price Plunge
The following has been submitted as a press release and has not been edited by The Good Men Project. — JOHANNESBURG, South Africa, March 31, 2020/APO Group Angola revises national budget and suspends CAPEX; Senegal’s first oil development faces debt arrangement challenges; Nigeria poised for a major revenue loss; Analysts predict Ghana will get half […]
New Dates Announced for West Africa’s Intervention Conference
Due to COVID-19, the third annual Offshore Well Intervention, West Africa (OWI WA) Conference has been rescheduled for 29-30 September 2020 in Accra, Ghana These keynote speakers will be joined by Marathon Oil, Tullow Oil and Sonangol. (Image source: OWI WA) Download the brochure to see the full line-up of speakers and a detailed programme […]
What next after Total seals deal for Tullow stake in Uganda oil project?
Tullow Oil worker is seen at an oil exploration site in Bulisa district, Uganda. Last month, Total said it would cut its investment spending for 2020 by $3 billion and save $800 million this year on operating costs compared with 2019, instead of the $300 million previously announced. FILE PHOTO | REUTERS The $575 million […]
Tullow Oil names former Cairn India boss, Rahul Dhir as new chief executive
"I am very excited at the opportunity to lead Tullow and re-establish it as an iconic company in our industry," Rahul Dhir said Tullow Oil PLC ( LON:TLW ) has named former Cairn India head Rahul Dhir as its new chief executive effective from July 1, 2020. Dhir led Cairn’s Indian unit until 2012 and […]
Struggling Tullow Oil Appoints Rahul Dhir as its New CEO
Share Share on Pinterest Share on Facebook Share on Twitter Rahul Dhir. [PHOTO/ COURTESY] Irish Company Tullow Oil has appointed Rahul Dhir as its new chief executive Officer, with effect from July 1. Dhir takes over from Dorothy Thompson who currently serves as the executive chair of Tullow. Mr Dhir is currently CEO of Delonex […]