Just a months after formation in 1985, Tullow Oil plc registered significance recognition following the signing of a license agreement in Senegal in 1986. This success is what the current oil giant, has capitalized on to establish itself in the murky oil market. According to the company’s founder and Chief Executive Aiden Heavey, the concept
The slump in global oil prices: was it the wake-up call Uganda needed
February was a fairly busy month for anyone keen on developments in Uganda’s Oil and Gas sector. Obviously Tullow Oil released its 2014 Full Financial Year Results as anticipated- the kind that Tullow would love to forget. Uganda’s cabinet approved the first open licensing round for petroleum exploration putting some six blocks up for grabs
The oil curse; are Uganda’s youths feeling the pinch?
The recent activities of Jobless Brotherhood, the National Association of the Unemployed, NRM Poor Youth and the Uganda Youth Liberation Front have caused concerns that Uganda’s youth could become a disestablishing factor if widespread unemployment is not solved especially as the country starts to exploit oil and gas resources. Some experts have warned that this you
Uganda cabinet approves first open- bid licensing round for Petroleum Exploration
Cabinet has approved plans to open up six blocks in the Albertine Graben for licensing in the country’s first competitive bidding round. State Minister for Energy, Eng. Simon D’ujanga, informed parliament last week that preparations for this bidding round commenced after the new law was put in place and were now culminating with the submission
Tullow oil cuts expenditures further as the global oil-price drop rages on
In November 2014, Tullow Oil PlC released an Interim Management Statement reviewing its capital expenditure. “In light of current oil and gas sector challenges including the commodity price environment, we are reviewing our capital expenditure and our cost base to ensure that Tullow is well-positioned for future success.” the Chief Executive Officer of Tullow Oil,
Why Uganda will not benefit from the slump in Global Oil Prices
When Ugandans query the constant upsurge in oil prices, they are often reminded by fuel dealers that the global oil price trends largely driven by the Middle East suppliers especially Saudi Arabia are the reason to blame. However, developments in the recent past suggest that the dealers only use the global oil prices as the
Total embarks on comprehensive resettlement plan in Albertine Graben
Total in conjunction with Tullow Uganda Operations PTY Ltd have issued an invitation to contractors to carry out a comprehensive Resettlement Action Plan (RAP) for the oil and gas development project in Nwoya, Buliisa, Masindi, and Hoima districts in the Lake Albert Basin. Total is the operator of Exploration Area 1 and 1A in Uganda
Conrad Nkutu appointed Tullow Oil Corporate Affairs boss
Daily Monitor Former Monitor Publications Limited Managing Director, Conrad Nkutu, has been appointed Tullow Oil Uganda’s Head of Corporate Affairs, a position that will see the veteran media manager join the oil and gas giant’s senior management team. Mr Nkutu officially reports for duty on Monday, July 1, 2013. A press release
Applications for Tullow Oil Scholarships for the 2014 intakes to open soon
For those that are searching for a career in the oil sector, this could be the perfect timing for you to begin scheming for the Tullow Oil Scholarships that will opened at the end of this year. “The application process for next year’s (2014) intakes will open at the end of 2013,”read a statement on
Oil industry creating business opportunities in Uganda
When Uganda started taking definite steps towards the exploration of its commercial reserves of oil, the reason why every citizen warmed up to the news was because of the opportunities that they expected to come with such a breakthrough. Yes, cases of corruption have been reported and that alone could be a cause for