Tullow Oil has recently announced that the sale of its assets in Uganda to Total has been completed with $500 million consideration received earlieras at present. Tullow is also due to receive a further $75 million when a Final Investment Decision is taken on the development project plus contingent payments linked to the oil price […]
Tanzanian president John Magufuli and his Ugandan counterpart Yoweri Museveni on recently gave a green light for the construction of the 1,443km heated oil pipeline that will transport oil from Hoima in Uganda through Chongoleani in Tanga, Tanzania to the world market, saying the remaining issues should immediately be concluded. The two leaders, who met […]
Second Licensing Round has been announced by the Uganda Ministry of Energy and Mineral Resources since last year. The deadline for submitting the application for qualification on the five blocks on offer in the Albertine Graben is September 30th, 2020. The acreages on offer have become even more attractive since Tullow Oil announced the sale […]
Uganda’s environmental Ua g e n c y , N E M A , h a s a p p r o v e d C N O O C ‘ s environmental and social impact assessment report for the Kingfisher project following ten months of scrutiny and evaluation. Dr. Tom Okurut, NEMA’s executive director […]
