French President Emmanuel Macron has spoken of his support for the East African Crude Oil Pipeline (EACOP).
Three French banks have committed not to provide project financing for the Total-led East African Crude Oil Pipeline (EACOP).
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 should announce final investment decision (FID) for its Lake Albert project on April 11.
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.
A deal involving Uganda, Tanzania and Total has been pushed back, following the death of Tanzanian President John Magufuli.
Total has published reviews and plans relating to its Tilenga and East African Crude Oil Pipeline (EACOP) projects in Uganda and Tanzania.
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 today in an election that is likely to see President Yoweri Museveni returned for a sixth term.
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.
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 Oil has completed the sale of its Ugandan assets to Total, receiving $500 million.
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 has reported adjusted net income of $848 million, with an organic cash breakeven below $25 per barrel.
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 will face accusations of human rights violations over its activities in Uganda on October 28, in the Versailles Court of Appeal.
Tullow Oil has reached a binding tax agreement with Uganda, which should allow it to close a sale to Total shortly.
Friends of the Earth France and Survie have accused Total of human rights violations in Uganda and Tanzania.
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 Oil has completed its twice yearly redetermination of its reserve-based lending facility, with $1.8 billion of debt capacity approved by lenders.
Tullow Oil produced 77,000 barrels per day of oil in the first half, in line with expectations.
Uganda National Oil Co. (UNOC) has invited companies to participate with it in the upcoming bid round.
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
CNOOC Uganda will not pre-empt the sale of Tullow Oil’s stake in Lake Albert to Total.