Macron says “count on me” for EACOP support
French President Emmanuel Macron has spoken of his support for the East African Crude Oil Pipeline (EACOP).
Uganda
French banks disavow Total’s EACOP plans
Three French banks have committed not to provide project financing for the Total-led East African Crude Oil Pipeline (EACOP).
Uganda prices up Lake Albert plans
The Lake Albert development, including export pipeline, will cost $15 billion with contracts expected to be dished out following final investment decision (FID) on April 11.
Total gives greenlight in Uganda
Multi-billion dollar Uganda oil project FID tipped for Sunday
Total should announce final investment decision (FID) for its Lake Albert project on April 11.
Total notes African delays, drilling plans
Total expects to start up its Ikike field, offshore Nigeria, by the end of 2021 and will drill a number of exploration wells across its African portfolio.
Mourning pushes back EACOP signing
A deal involving Uganda, Tanzania and Total has been pushed back, following the death of Tanzanian President John Magufuli.
Total launches transparency push in Uganda
Total has published reviews and plans relating to its Tilenga and East African Crude Oil Pipeline (EACOP) projects in Uganda and Tanzania.
UKEF considering FPSOs in Brazil, pipeline in Uganda
As the period for comments on UK Export Finance’s (UKEF) plans close, a campaigning group has highlighted a number of hydrocarbon projects in which the agency may play a role.
Uganda goes to the polls amid ruling party crackdown
Uganda goes to the polls today in an election that is likely to see President Yoweri Museveni returned for a sixth term.
Court backs Total in Uganda vigilance case
The Versailles Court of Appeal has found in favour of Total on its actions in Uganda, where the company is working on an oil production and pipeline plan.
EV Out Loud: Austin powers back, steroids for microbes, and heartbreak in Uganda
On this week’s episode, in association with Fasken, the team looks at the return of RockRose Energy founder Andrew Austin to the North Sea fold, after he sold up his former firm for nearly £250m earlier this year.
Tullow completes sale to Total, exits Uganda
Tullow Oil has completed the sale of its Ugandan assets to Total, receiving $500 million.
Total trims spending on price volatility
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
Total holds the dividend, cuts debt
Total has reported adjusted net income of $848 million, with an organic cash breakeven below $25 per barrel.
EACOP reaches government deal with Tanzania
The East African Crude Oil Pipeline (EACOP) has signed a host government agreement (HGA) with Tanzania, as plans for the Ugandan oil development near the finish line.
Total faces duty of vigilance case over Uganda work
Total will face accusations of human rights violations over its activities in Uganda on October 28, in the Versailles Court of Appeal.
Uganda tax deal paves way for Tullow sale to Total
Tullow Oil has reached a binding tax agreement with Uganda, which should allow it to close a sale to Total shortly.
Total under fire over Uganda land issues
Friends of the Earth France and Survie have accused Total of human rights violations in Uganda and Tanzania.
$20 per barrel for project approvals, Pouyanné states
Total remains committed to developing hydrocarbon resources, but the cost must be sufficiently low to survive in a world of lower prices, the company’s chairman and CEO Patrick Pouyanné has said.
Tullow trims RBL at redetermination
Tullow Oil has completed its twice yearly redetermination of its reserve-based lending facility, with $1.8 billion of debt capacity approved by lenders.
Tullow trims sails
Tullow Oil produced 77,000 barrels per day of oil in the first half, in line with expectations.
UNOC pitches for exploration partners
Uganda National Oil Co. (UNOC) has invited companies to participate with it in the upcoming bid round.
China eyes African opportunities
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
CNOOC opts out of Uganda pre-emption
CNOOC Uganda will not pre-empt the sale of Tullow Oil’s stake in Lake Albert to Total.