Posted in Top News

Africa Oil, Maersk Agree on Payment Terms Following 2016 Farmout

Africa Oil has reported that further to the previously announced farmout agreement between Africa Oil and Maersk Olie og Gas A/S (Maersk)…

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Experts warn on proposed windfall tax in attracting investors to Kenya

Experts are warning that a proposed windfall tax by the Kenyan government on oil once production starts could keep away…

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London’s Court of Appeal rules in favor of Tullow Oil in Uganda’s capital gains tax case

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil plc has announced that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour…

Posted in Oil products Top News

Tullow Oil to challenge the Tax Appeals Tribunal ruling in Uganda

Tullow Oil plc has announced that its subsidiaries operating in Uganda have received a ruling from the Tax Appeals Tribunal…

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Tullow Oil unsuccessful in Ethiopia’s South Omo Block

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil plc has announced that the Shimela-1 well encountered water bearing reservoirs. Shimela-1 in the South Omo…

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Kenya’s Emong-1 exploration results send Tullow Oil shares tumbling

Story by Bloomberg Tullow Oil Plc fell the most in more than two weeks in London after the oil explorer said a…

Posted in Oil Politics Top News

Kenya to exploit oil before Uganda

[twitter-follow screen_name=’oilnewskenya’] Kenya will start oil production before its neighbour Uganda according to Tullow Oil discovered having announced its first…

Posted in Oil Politics Top News

Tullow Oil loss of Kenya’s Block 10A adds to Kshs. 38.4 billion group profit dip

[twitter-follow screen_name=’oilnewskenya’] British explorer Tullow Oil which held the license to exploration Block 10 in Northern Kenya’s Marsabit county has…

Posted in News by others Oil Politics

Tullow Oil May Sell Part of Stake in Ugandan Oil Field

[twitter-follow screen_name=’oilnewskenya’] Story Wall Street Journal Africa-focused oil and gas explorer Tullow Oil PLC is considering selling part of its…

Posted in Oil Politics Top News

Total E&P compensates Ugandans as production nears

[twitter-follow screen_name=’oilnewskenya’] Residents of Nebbi will each receive Kshs. 120,000 per acre for land trampled on during exploration plus a…