First oil expected in 2025 Kampala, Uganda | RONALD MUSOKE | Finally, the international oil companies, TotalEnergies SE and the China National Offshore Oil Corporation (CNOOC) announced they are ready to produce oil in Uganda in a US$10 billion project. Reaching this point had taken a whopping 15 years of …
Read More »
On Nov.10, Tullow Oil plc announced the completion of the sale of its assets in Uganda to French super major, Total. The US$ 575 million (Shs 2.15trillion) deal finally brought Tullow Oil’s 16-year involvement in Uganda’s oil project to an end. Kampala, Uganda | RONALD MUSOKE | When Tullow entered …
Read More »
Kampala, Uganda | THE INDEPENDENT | Tullow Oil says it has completed the sale of its assets in Uganda to Total at a sum of $500 million. The sale according to a statement by the Irish oil company was concluded earlier today from Total following receipt of payment. Tullow says it …
Read More »
NEWS ANALYSIS | THE INDEPENDENT | Uganda is expected to get USD 14.6 million (about sh55 billion) as capital gains tax on the sale of oil and gas interests in Uganda by Tullow Oil to French multinational oil and gas company TOTAL SE. The long-drawn-out process of Tullow Oil exiting Uganda …
Read More »
Total Chairman and Chief Executive Officer says ‘Africa is to remain at the Heart of Total’s Strategy’ Kampala, Uganda | THE INDEPENDENT | The Chairman and Chief Executive Officer of Total, Patrick Pouyanné, has said “Africa is to remain at the Heart of Total’s Strategy.” He was speaking ahead of …
Read More »
Oil and gas explorer says ‘potential liquidity shortfall’ threatens ability to pass lenders’ test | THE INDEPENDENT | Tullow Oil plc has warned it risks defaulting on a debt facility if it does not resolve a potential liquidity shortfall, as it slumped to a $1.4 billion pre-tax loss for the …
Read More »
Will `God’ forgive him again? Kampala, Uganda | THE INDEPENDENT | Mwesigwa Rukutana, the Minister of State Minister for Labour who was arrested and remanded to prison on Sept.05 in relation to violence in the just concluded NRM parliamentary primary elections, is no stranger to the top and down of …
Read More »
Uganda is yet to approve the multi-trillion shilling deal involving Total E&P and Tullow Oil since the two firms announced their planned transaction, three months ago. Kampala, Uganda | RONALD MUSOKE | In a statement delivered via a webinar during the national content supplier workshop on Aug.5, Total E&P Uganda …
Read More »
Kampala, Uganda | THE INDEPENDENT | Tullow Oil plc (Tullow) shareholders have today approved its sale of the interest in Uganda’s oil industry, removing one of the key hurdles for the transaction to be concluded. Tullow Oil said in April that it had signed a deal to sell all its …
Read More »
Kampala, Uganda | THE INDEPENDENT | Uganda seems to be ready to make a final investment decision for her first oil and gas production, Dr. Eria Hisali, the Principal College of Business and Management Sciences at Makerere University has revealed. He said this during this year’s national oil and gas …
Read More »
The Independent Uganda: You get the Truth we Pay the Price