Tullow Oil
Contingent consideration received following final investment decision in Uganda
The final investment decision for Uganda's oil projects as reported on 1 February 2022 has triggered a contingent consideration of $75 million in relation to Tullow’s sale of its assets in Uganda to TotalEnergies in 2020
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
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
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
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
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
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
Total E&P freezes work on Uganda-Tanzania oil pipeline
French oil major Total, the lead joint venture partner on Uganda's proposed crude oil export pipeline has frozen all activities on the multibillion-dollar project citing “uncertainty” over its Uganda operation
Week in review: Tullow Oil, Uganda Airlines, Crane Bank
Final investment decision on Uganda's oil and gas projects to be delayed by collapse of Tullow Oil stake sale; Bank of Uganda loses suit against Crane Bank's former owner; Uganda Airlines starts commercial flightsMore Tullow Oil
Stalemate over tax breaks down Tullow Oil stake sale
Tullow Oil is initiating a new sales process to reduce its 33.3% stake in Uganda's Lake Albert oil project after its planned $900 million sale to joint venture partners Total E&P and the China National Offshore Oil Corporation failed to get clearance
Cnooc aims to make final decision on Kingfisher field by April 2019 — minister
Uganda and the China National Offshore Oil Corporation are looking at April 2019 for a final investment decision on the Kingfisher oil field, the energy minister said
Journey to oil production mired in uncertainty as govt and oil firms haggle over pipeline
By now, Uganda, Tanzania and the oil companies active in the former's petroleum sector should have finalised negotiations on the development, construction, and operation of the Uganda-Tanzania crude oil pipeline
Tullow profit soars amid wait for Uganda farm-down approval
Tullow said it hopes the Uganda government will approve the farm-down of its assets by the end of this year, paving way for a final investment decision and the issuance of engineering, procurement and construction tenders for local oil fields
Cabinet approves national content policy for oil and gas sector
The cabinet on Monday approved the much awaited national content policy that is intended to promote the competitiveness of Ugandan labour and businesses in the petroleum sector
Total, Cnooc reach deal on Tullow’s oil fields
Total E&P Uganda and the China National Offshore Oil Corporation have reached a compromise on the operation of the Buliisa fields in Exploration Area 2, the license area previously operated by Tullow Oil PLC
Tullow sells oil project stake to Total for $900 million
Tullow Oil announced on Monday that its selling part of its stake in Uganda's oil project to Total E&P Uganda B.V. for $900 million.
Uganda issues eight oil production licences to Tullow and Total
The Ministry of Energy and Mineral Development has granted eight oil production licences to Tullow Uganda Operations Pty Limited and Total E&P Uganda B.V., according to a statement released by the ministry.
Uganda to award production licences to Total, Tullow Oil
Uganda will finally award three oil production licences, bringing to an end a drawn out process that industry watchers blame for pushing forward the date for first oil production and reduced investment by oil companies.
Tullow posts better-than-expected results, to press ahead with Uganda projects
Tullow Oil has announced an after tax profit of $30 million for the first half of 2016, defying analyst's expectations that low oil prices would hurt its bottomline.