Total E&P – Elite News

Apr102021 by Abel kawereNo Comments

Uganda to sign final oil deal with Total E&P and CNOOC on Sunday

Uganda will close the long-awaited Final Investment Decision (FID) with international oil companies Total E&P and CNOOC on Sunday.The decision will unlock billions of dollars of investment in Uganda’s oil and gas sector. Total chief executive Patrick Pouyanné, is expected in the country over the weekend, according to officials from Uganda’s energy ministry. The deal will also pave way for the construction of the 1440km crude export pipeline from Western Uganda to the Tanzanian Indian Ocean Port of Tanga, a key piece of infrastructure needed to get the east African country’s oil out of the ground and on to international markets. Tanzania’s President Samia Suluhu Hassan is also traveling to Kampala to take part in the three-way talks that should culminate in the signin...

Oct212020 by Abel kawereNo Comments

Uganda tax deal paves way for Tullow sale to Total

Business, FEATURED, Latest News, Oil & Gas

Tullow Oil has reached a binding tax agreement with Uganda, which should allow it to close a sale to Total shortly. Tullow Oil has reached a binding tax agreement with Uganda, which should allow it to close a sale to Total shortly. The Minister of Energy and Mineral Development has also approved the transfer of the equity, and the operatorship, in Block 2 to the French company. The government and the Ugandan Revenue Authority have approved the tax agreement. All governmental conditions have now been met, Tullow said. As such, the transaction should close “in the coming days” after certain customary steps have been completed. Total will pay Tullow $500 million on closing. The French company will then pay $75mn when it reaches a final investment decision (FID). Oil price movemen...

Oct212020 by Abel kawereNo Comments

Tullow Moves Closer to Uganda Exit

FEATURED, NEWS, Oil & Gas

By OGJ editors Tullow Oil PLC expects to close its sale of Ugandan assets to Total in the coming days following recent governmental approvals. Tullow Oil PLC expects to close its sale of Ugandan assets to Total in the coming days following recent governmental approvals. Tullow is selling its Ugandan assets and transferring operatorship of Block 2 to Total. The Government of Uganda and the Ugandan Revenue Authority executed a binding tax agreement that reflects the pre-agreed principles on tax treatment of the sale. The Ugandan Minister of Energy and Mineral Development approved the transfer of assets and operatorship. Upon closing, Tullow will receive $500 million consideration and a further $75 million when a final investment decision is taken. In addition, Tullow is entitled...

Oct202020 by Abel kawereNo Comments

“100,000 hurt by Total’s Ugandan Oil Operation” French activists says

FEATURED, Latest News, Oil & Gas

Over 100,000 people in Uganda and Tanzania have been hurt by human rights violations linked to the Total's TOTF.PA oil operations in Uganda, two French activist groups said in a report on Tuesday. Friends of the Earth and a second group called Survie are seeking a court order requiring Total to disclose how it is addressing the adverse impact from its activities, citing an obligation to do so under French law. Total had no immediate comment on the report. The French company has previously said it was working in Uganda in compliance with national and international standards. The campaign groups, along with Ugandan activists, have alleged that Total intimidated and failed to properly compensate local landowners affected by work on its Tilenga project in Uganda, and said e...

Jul202020 by Our ReporterNo Comments

PAU, NEMA Teams Inspect 𝗥𝗲𝘀𝘁𝗼𝗿𝗲𝗱 𝗧𝘂𝗹𝗹𝗼𝘄 𝗢𝗶𝗹 Sites In 𝗨𝗴𝗮𝗻𝗱𝗮

FEATURED, Oil & Gas

By Keefa Nuwahereza A team of environmentalists from the Petroleum Authority of Uganda, National Environmental Management Authority (NEMA), Total E&P, and Tullow Oil last week undertook a Restoration Monitoring Exercise in the Albertine Graben in preparation for the planned handover of Tullow Oil’s 25 restored sites to the original landowners. The sites which were previously used by Tullow Oil for exploration activities are situated in License Area 2 (LA-2) of the Albertine Graben in Hoima and Buliisa. The team was tasked with establishing whether the sites pass the test of restoration before they are handed over to the owners and that all the rental fees that have accrued are fully paid to the Project Affected Persons. This exercise took five days and ended on Saturday 18t...

M	T	W	T	F	S	S
1	2	3	4	5	6	7
8	9	10	11	12	13	14
15	16	17	18	19	20	21
22	23	24	25	26	27	28
29	30	31