Energy, Oil & Gas

Energy, Oil & Gas

Tullow Oil shareholders approve Uganda farmdown deal

Tullow Oil PLC shareholders on Wednesday voted to approve the sale of the company’s remaining 33.33% stake in Uganda’s oil fields and the proposed East African Crude Oil Pipeline
Kyehoro Camp operated by Tullow in Uganda
EnvironmentHealth

Visibility study of Kampala, Nairobi, and Addis Ababa reveals big air pollution problems

A study of the air quality of the three cities from 1974 to 2018 shows that air pollution levels increased over the study period
Downtown Kampala
Energy, Oil & Gas

Cnooc opts out of Tullow-Total deal

The China National Offshore Oil Corporation on Tuesday notified Tullow Oil Plc and Total SA that it will not acquire a stake in Tullow's assets in Uganda
A Tullow oil field in Ghana
Energy, Oil & Gas

Petroleum Authority names new board

The Petroleum Authority of Uganda announced the appointment of four new board members Friday
Directors in a board room
Energy, Oil & Gas

Industry experts see Total-Tullow deal a win-win boost

Regional analysts in the oil exploration and production sector have described last week’s sales and purchase agreement between Tullow Oil PLC and Total E&P Uganda as a 'win-win' boost for all players, and one that opens a new chapter for East Africa’s energy industry
A drilling rig at the Kingfisher field in Western Uganda
CompaniesEnergy, Oil & Gas

Total E&P acquires Tullow Uganda’s stake for $575m

French oil major Total SA said on Thursday that is acquiring Tullow oil’s assets in Uganda's Lake Albert oil project for $575m (Shs2.1 trillion), with $500m to be paid once the deal has been approved by the government and $75m paid when a final investment decision has been reached
A drilling rig at a drilling site in Uganda
Energy, Oil & Gas

Uganda and oil companies reach deal on Tullow farm-down

The Uganda government and the three joint venture partners in the Lake Albert oil project —Tullow Oil, Total E&P, and China National Offshore Oil Corporation —have reached a deal on the sale of Tullow's assets, this website can confirm
A drilling rig at the Kingfisher field in Western Uganda
Energy, Oil & Gas

Energy bills to fall as regulator lowers tariffs

Energy bills for consumers supplied by Umeme Limited will fall in the second quarter to reflect a reduction in international fuel prices, according to a schedule published by the regulator
Men operating welding machinery
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Umeme posts record revenue growth in 2019

Umeme Limited said on Monday that revised tariff performance parameters negotiated with the regulator helped soften the impact of weak performances in the second and third quarters of 2019, with the company's results boosted further by reining in costs
Umeme Limited's service centre in Jinja
Energy, Oil & Gas

NEMA clears Cnooc on Kingfisher, but no end in sight to oil deadlock

Zhao Shunqiag, the Cnooc president, said receiving the certificate is a “milestone”. But he said he could not tell when the ongoing deadlock between the government and the oil companies—Total E&P, and Tullow Oil—would be resolved
Two male executives at a press conference
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