Tullow Oil Plc to Sale its Stake in Uganda

February 13, 2014 9:49 am0 comments by:
Tullow Oil Plc to Sale its Stake in Uganda

LONDON—Tullow Oil PLC is considering selling part of its stake in a Ugandan oil field to Total SA and China’s CNOOC. Paul McDade the Company’s Chief Exective Officer revealed that the sale is meant to enable the company to focus on Kenya, where a more supportive government is helping a project there move faster. Kenya “will be easier to develop and the government is very enthusiastic for us to get under way with that development and get first oil as soon as possible. So as we look at the phasing of our investments there’s a lot of priority being given to Kenya. If it continues to be very material and […]

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Kingdoms Clash Over Uganda’s Oil Cash

January 31, 2014 6:51 am0 comments by:
Kingdoms Clash Over Uganda’s Oil Cash

By Betty Mujungu Kampala-Two kingdoms in Uganda are embroiled in a bitter wrangle over an oil rich district. The kingdoms-Tooro and Rwenzuru are wrangling over Ntoroko a district in the Rwenzori region of Uganda. The district in contention lies in the oil rich Albertine Graben, where there is an estimated 3.5 billion barrels of Uganda’s oil. The district with more than 10 tribes, where the Batuku are the major tribe, was a quiet and rarely talked about before the discovery of oil. The inhabitants of the district were pastoralists and fisher men who paid allegiance to Tooro kingdom. But in early 2012, when the government of Uganda licensed a Chinese […]

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Oil Discovery Blamed for Increased Tribal Clashes in Uganda

January 8, 2014 10:18 am0 comments by:
Oil Discovery Blamed for Increased Tribal Clashes in Uganda

Kampala-Tribal land conflicts have increased in Uganda as a result of the discovery of oil. The conflict has pitted communities that once lived peacefully, against each other, as they scramble for land around the oil fields. Worst affected by the conflict are the Acholi and the Jonam-two ethnic communities that have a strong historical background dating back to the times of migration in Africa. According to history, the two tribes who are said to be direct descendants of the legendary Labong and Gipir migrated into Uganda around the 15th century from the Barel Ghazel in present day South Sudan and each settled on the other side of the River Nile. […]

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Iranian & Turkish Firms to Invest in Uganda

December 27, 2013 11:37 am0 comments by:
Iranian & Turkish Firms to Invest in Uganda

Kampala- Representatives of Iranian and Turkish companies that are interested in investing in energy and construction are in Uganda to hold talks with President Yoweri Museveni. The representatives are from Adaali Insaat a company interested in harnessing wind for production of energy, manufacture of solar panels, construction and leather tanning. Others are from, Tepe Klima a company which intends to establish International Maritime registry in Uganda.President Museveni has this afternoon met representatives of Turkish investors including Adali Insaat Inc and Tepe Klima company based in Instanbul. Adaali Insaat is interested in harnessing wind for production of energy, manufacture of solar panels, construction and leather tanning. Tepe Klima is interested in establishing […]

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Misery Reigns Over Uganda’s Oil City

December 19, 2013 4:17 pm0 comments by:
Misery Reigns Over Uganda’s Oil City

“I regret why I sold my property and came here to suffer l wish I had remained where I was I would be better now” Laments  a 30-year-old motorcycle taxi driver who sold everything to relocate to Uganda’s oil city with the hope of making his dream of getting rich come true. The Continent Observer’s Joseph Elunya traveled to Uganda’s oil city-Hoima to find out how life has changed there since the first commercial discovery of oil was made in 2006. The situation in Uganda’s oil city-Hoima, which is located 225 kilometer North West of the capital Kampala, has not changed despite the commercial discovery of oil. All what one […]

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Tullow Hits Dry Well in Ethiopia

December 9, 2013 2:41 pm0 comments by:
Tullow Hits Dry Well in Ethiopia

dis Ababa-Tullow Oil plc has hit a dry well in Ethiopia.
The company announced today that the Tultule-1 wildcat well in the South Omo block onshore Ethiopia, has reached a total depth of 2,101 meters and will be plugged and abandoned as a dry hole.

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