CNOOC elects not to pre-empt sale of assets in Uganda
Tullow has announced that it had agreed the sale of its assets in Uganda to Total and that CNOOC had rights of pre-emption to acquire 50% of these assets on … Read More
Category: Eastern Africa
East Africa or Eastern Africa is the eastern region of the African continent, variably defined by geography. The countries include: Burundi, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Somalia, South Sudan, Sudan, Tanzania, Uganda
African Development Bank welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix
The African Development Bank has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund CTF), one of two funds within the Climate Investment Funds (CIF), to extend … Read More
Somalia Launches First Offshore Licensing Round
The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia announces the launching of Somalia’s first offshore licensing round. Due to the spread of the global pandemic, … Read More
Tullow Oil Submits Notices of Force Majeure on Kenyan Blocks
Tullow Oil Kenya B.V., the operating partner on Blocks 10BB and 13T in Kenya, has submitted notices of force majeure to the Kenyan Ministry of Petroleum and Mining on behalf … Read More
Total Deal Catalyst for Uganda Oil, COVID-19 Should Not Delay Upstream final investment decision (FID)
By Thomas Hedley, Field Editor, Africa Oil & Power Hosted under the theme ‘Taking Advantage of Opportunities in Uganda’s Oil & Gas Sector,’ an Africa Oil & Power webinar yesterday … Read More
FAR, JV Partners to Exit Kenya’s Block L6
FAR the block operator to Kenya’s Block L6 and JV Partners , PanContinental Oil & Gas and its wholly owned subsidiary Afrex Limited have resolved to surrender the block according to an … Read More
East Africa’s Oil Industry: A New Story in the Making
The recent acquisition by Total of Tullow Oil’s entire interests in the Lake Albert Development Project in Uganda, including the East African Crude Oil Pipeline, marks the beginning of a … Read More
Aminex Receives 12 month Extension on the Mtwara Licence
Aminex has announced that it has formally received the extension of the Mtwara Licence from the Ministry of Energy of Tanzania; one of the last remaining conditions required to close … Read More
Uganda underlines its intention to become a major oil and gas player
President Museveni, Tullow Oil and Total’s CEOs could not have chosen a better time to announce their agreement to resolve a long-standing capital gains tax dispute that had earlier prevented … Read More
Tullow Oil Offloads Uganda Assets to Total
Tullow and Total E&P Uganda B.V. (Total Uganda) have signed a Sale and Purchase Agreement (SPA), with an effective date of 1 January 2020 (the Effective Date), in which Tullow … Read More