Tag Archives: CNOOC

Kampala, Uganda | THE INDEPENDENT | An ongoing tax dispute between the Ugandan government and Tullow Oil has led to the postponement of the planned Final Investment Decision for the Albertine oil development project to the second half of 2019. The capital gains tax dispute from Tullow’s farm-down of its stake …

Kampala, Uganda | THE INDEPENDENT | Government has said the second round of oil licensing will generate more than 18 billion shillings for Uganda. Government recently unveiled five target areas in the Albertine Graben for the second licensing blocks. They include; Avivi, which covers the districts of Obongi, Adjumani, Amuru …

Environmental activists raise concerns on NEMA’s role Kampala, Uganda | RONALD MUSOKE | Total E&P has secured the green light for its major oil project also known as Tilenga to proceed after 10 months of evaluations by Uganda’s environmental body. Total E&P said the approval by the National Environment Management …

Kampala, Uganda | THE INDEPENDENT | Government has explained the repeated changes in the oil production date. Robert Kasekende, the Energy Ministry Permanent Secretary, says the delays have been occasioned by a careful process that is intended to see Ugandans and government benefit fully from the oil resource. He told …

Paris, France | AFP | It was fear of being dominated by a Chinese behemoth that sparked an attempt by large French and German rail companies to join forces to create an European industrial champion. The merger by Alstom and Siemens was vetoed by the EU on Thursday, but concerns about …

Kampala, Uganda | THE INDEPENDENT | Tullow Oil is in the final stages of farming down its stakes in the Lake Albert Graben to its joint venture partners Total and China National Offshore Oil Company (CNOOC). Tullow, Total and CNOOC hold equal stakes of 33.3 percent in the Lake Albert Basin …

Museveni fight with oil firms threatens major project Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni’s dream of Uganda getting first oil by 2020 has been hit by a double blow from two international oil companies; Total E&P Uganda and Tullow Oil Uganda. Museveni is battling the two companies on …

Kampala, Uganda | RONALD MUSOKE | Ugandan suppliers looking at providing goods and services to the fledgling oil and gas sector need to build partnerships with their international counterparts if they are to fully participate in the multi-million dollar opportunities expected to flow in the coming months. Elly Karuhanga, the …

Driving 700km in two days to see Uganda’s critical oil roads project Kampala, Uganda | RONALD MUSOKE | Allen Kagina, the executive director of the Uganda National Roads Authority (UNRA) is a prayerful woman. She prays at meetings, journeys, meals, and anything. Now, however, she possibly needs prayers more than ever …

French domination sparks fight with Chinese   Kampala, Uganda | HAGGAI MATSIKO | Oil companies—Total E&P, Tullow Oil and CNOOC—are locked in a bitter fight for control of Uganda’s oil sector.  The coveted prizes are deals worth about $20 billion. The three entered a partnership in 2012 when Tullow Oil, which …