Uganda President Yoweri Museveni has held a meeting with Total’s Exploration and Production Africa Division Vice President Jabier Rielo over the development of a crude oil pipeline ahead of production in 2018. The meeting was also attended by the Minister for Energy and Mineral development Eng. Irene Muloni and the Permanent Secretary Ministry of Energy
Tullow Oil announce progress in East Africa oil fields as its revenues fall by 35% in half of 2015
Tullow oil plc has announced steadfast progress in its major development projects in East and West African oil fields despite decline in revenue in the first half of the year 2015. According to a statement from Tullow oil on the status of its operations, the company the has registered a fall in its revenue by 35%
Tullow’s job cuts: it was only a matter of time
The people who are still employed by Tullow Oil have a reason to thank their God. The last couple of months have been months of uncertainty, speak of this thing they call Job insecurity. Certainly, the fate of many in Uganda, for example, must have remained hanging in balance until last week when Tullow Oil
Tullow oil cuts expenditures further as the global oil-price drop rages on
In November 2014, Tullow Oil PlC released an Interim Management Statement reviewing its capital expenditure. “In light of current oil and gas sector challenges including the commodity price environment, we are reviewing our capital expenditure and our cost base to ensure that Tullow is well-positioned for future success.” the Chief Executive Officer of Tullow Oil,
Why Tullow Oil PLC is cutting expenditure elsewhere and focusing on exploration in East Africa
Amid-st the turbulent rage of the faltering oil prices Tullow Oil PLC has resolved to revise its investment priorities and focus on East Africa and Ghana in West Africa come 2015. In an Interim Management Statement issued on 12th November 2015 Tullow indicated that though exploration will remain a key part of the company’s future