The President of Tullow Oil’s Ugandan subsidiary, Hon. Elly Karuhanga had no kind words for parliament over a local content provision in the recently enacted Petroleum Exploration Development and Production Act 2013 that allows local businessmen to enter joint ventures with international firms servicing the oil and gas industry. The section of the Act
Oil bonds Uganda and Sri Lanka
Sri Lanka has pledged closer ties with Uganda and one of the reasons that the Sri Lankan minister of foreign affairs, Professor G.L. Peiris gave for the need for closer ties between the two countries was the fact that Sri Lanka and Uganda were faced with similar challenges especially in their oil and gas sectors.
Why Museveni insisted on Uganda building its own refinery
The storms had been raging, with those that can write, articulate and analyze penning all sorts of speculation on whether Uganda would eventually build a refinery but what emerged was Museveni sticking to his guns and it seems he is now having the last laugh. The oil companies have had to buckle under his rigid
Details of Uganda government case with Heritage Oil in London
Legal Brief of Heritage oil case with Uganda Government- this is a government of Uganda document prepared by the Attorney General’s Office in Kampala. 1.0 BACKGROUND INFORMATION REGARDING THE RELATIONSHIP BETWEEN THE GOVERNMENT OF THE REPUBLICOF UGANDAArND HERITAGE OIL & GAS LIMITED. 1.1 Heritage Oil and Gas Limited (Heritage) and Tullow Uganda Limited (Tullow) were jointly licensed by the
Why government of Uganda signed agreements with Tullow oil against parliament’s wish
Was the government of Uganda bullied by big oil companies led by Tullow to sign the new oil agreements, or the government acted in the best interests of the country? Many people continue to ponder on why the government went ahead to sign oil production sharing agreements with Tullow oil and award the company two
Tullow oil investment profile in Uganda
This is a verbatim intelligence briefing by the government on Tullow’s investment profile in Uganda trying to justify why Tullow should be cleared to continue oil operations in Uganda. 17 Aug, 2011 RE: TULLOW INVESTMENT PROFILE IN UGANDA Suffice to comment here that I used that e-mail I forwarded to you about the speculation that
Tullow comopletes $2.9 billion farm down to Total and CNOOC
News Release Tullow Oil plc (Tullow) is pleased to announce that it has completed the farm-down of 66.6666% of its Ugandan licences to CNOOC Limited and Total for a consideration of $2.9 billion. The farm-down follows the recent signing of Production Sharing Agreements (“PSAs”) and the Kingfisher production licence with the Government of Uganda. Tullow,
Members of Parliament up in arms against government agreements with Tullow Oil
Members of Parliament are threatening legal action against the government and oil company Tullow oil for going against the Parliament resolution halting activities in the oil sector pending a new law and investigations into the sector. The government and Tullow Oil Company today signed two production sharing agreements and one production license to operate three
Tullow to sell stake to Total and CNOC after getting Production license and agreement from Uganda
The government of Uganda has finally award to Tullow Oil Company an oil production license for 400 million barrel kingfisher oil well found in western Uganda worth 1.5 billion US dollars. Tullow oil will now be able to resume oil activities in the region and especially sell two thirds of its its stake to Ferance’s Total and China’s CNOC. The long waited move
Tullow Oil risks losing assets in Uganda following suit to halt petroleum activities
Tullow Oil is facing the worst end to the year 2011 with a suit observers say has the potential to make them lose their oil exploration and production interests in Uganda. This follows a petition by a city lawyer filed in the High Court seeking an injunction against the government signing or approving any oil