Cnooc Uganda Ltd

Energy, Oil & Gas

Oil companies take final investment decision on Uganda projects

TotalEnergies, the French energy group, and the China National Offshore Oil Corporation have announced the long-awaited final investment decision for Uganda's oil projects, collectively referred to as the Lake Albert Development Project
A group photo of oil company executives in Kampala, Uganda
Energy, Oil & Gas

Ugandan companies stand to win oil & gas contracts worth $167m

Uganda companies will be awarded contracts worth about $167m (Shs605.2bn) out of the $1.3bn tenders for the Tilenga and Kingfisher oil projects
Three male executives at a press conference
Energy, Oil & Gas

Uganda hopeful of investment decision on oil projects as pipeline meeting is deferred

Uganda and Tanzania have postponed a high-profile meeting on the East African Crude Oil Pipeline, initially scheduled for Monday, following the death of Tanzanian President John Magufuli
Map showing the East African Crude Oil Export Pipeline route.
Energy, Oil & Gas

Cnooc opts out of Tullow-Total deal

The China National Offshore Oil Corporation on Tuesday notified Tullow Oil Plc and Total SA that it will not acquire a stake in Tullow's assets in Uganda
A Tullow oil field in Ghana
Energy, Oil & Gas

Industry experts see Total-Tullow deal a win-win boost

Regional analysts in the oil exploration and production sector have described last week’s sales and purchase agreement between Tullow Oil PLC and Total E&P Uganda as a 'win-win' boost for all players, and one that opens a new chapter for East Africa’s energy industry
A drilling rig at the Kingfisher field in Western Uganda
Energy, Oil & Gas

Uganda and oil companies reach deal on Tullow farm-down

The Uganda government and the three joint venture partners in the Lake Albert oil project —Tullow Oil, Total E&P, and China National Offshore Oil Corporation —have reached a deal on the sale of Tullow's assets, this website can confirm
A drilling rig at the Kingfisher field in Western Uganda
Energy, Oil & Gas

NEMA clears Cnooc on Kingfisher, but no end in sight to oil deadlock

Zhao Shunqiag, the Cnooc president, said receiving the certificate is a “milestone”. But he said he could not tell when the ongoing deadlock between the government and the oil companies—Total E&P, and Tullow Oil—would be resolved
Two male executives at a press conference
Energy, Oil & Gas

Stalemate over tax breaks down Tullow Oil stake sale

Tullow Oil is initiating a new sales process to reduce its 33.3% stake in Uganda's Lake Albert oil project after its planned $900 million sale to joint venture partners Total E&P and the China National Offshore Oil Corporation failed to get clearance
A drilling rig at the Kingfisher field in Western Uganda
Energy, Oil & Gas

Cnooc aims to make final decision on Kingfisher field by April 2019 — minister

Uganda and the China National Offshore Oil Corporation are looking at April 2019 for a final investment decision on the Kingfisher oil field, the energy minister said
Press conference in a board room
Energy, Oil & GasInfrastructure

Journey to oil production mired in uncertainty as govt and oil firms haggle over pipeline

By now, Uganda, Tanzania and the oil companies active in the former's petroleum sector should have finalised negotiations on the development, construction, and operation of the Uganda-Tanzania crude oil pipeline
Map showing the East African Crude Oil Export Pipeline route.
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