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Tag Archives: Tullow

Total E&P to focus on final investment decision negotiations

Kampala, Uganda | THE INDEPENDENT | Oil company Total E&P will now focus on negotiations with government to ensure that the Final Investment Decision (FID) is made. The FID is the point at which everything is in place for a project to go ahead. It’s the project execution phase begins and …

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GOVT: Tullow Oil must pay all taxes due

Government, Total respond as Tullow’s $900M deal flops Kampala, Uganda | THE INDEPENDENT | Uganda’s Energy Ministry has stressed that Tullow must pay Capital Gains tax before it can be allowed to sell part of its stake to Total and CNOOC Uganda.  Tullow confirmed earlier Thursday that their Sale and Purchase …

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TOTAL committed to Uganda despite Tullow blow

Paris, France | THE INDEPENDENT |  Oil giants Total have re-affirmed their commitment to progressing the development of the Lake Albert oil resources, despite their Sale and Purchase Agreement (SPAs) with Tullow collapsing today. Tullow Oil plc announced earlier that it has been informed that its farm-down to Total and CNOOC will …

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Tullow considers selling all its assets in Uganda

Kampala, Uganda | THE INDEPENDENT | Tullow Oil is considering selling all its assets in Uganda as the firm down tax dispute rages on. The Irish company, which also owns Tullow Operations Uganda, has hinted on the slow progress towards resolving a Capital Gains tax dispute on the USD 900 million …

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Tullow Oil releases statement on Uganda

Kampala, Uganda | THE INDEPENDENT | Tullow Oil PLC has released a statement in advance of the Group’s Half Year Results, indicating it is struggling to reach a farm-down agreement. “Tullow and its Joint Venture Partners, have, so far, been unable to finalise this agreement with the Government of Uganda. We continue …

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Oil spill: How prepared is Uganda and the oil companies?

Kampala, Uganda | THE INDEPENDENT | The fear oil spill disasters is one of the risks of concern as the country prepares for commercial oil production. It is feared by environment groups and scientists that the oil spill could wipe out tourism and fishing industries and wildlife habitats in the entire …

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