East Africa

Tullow Oil sees opportunity cost if Kenya-Uganda pipeline plan fails

March 30, 2016 | East Africa, Pipelines

London, UK |  – Tullow Oil Plc, which has discoveries in Uganda and Kenya, sees an opportunity cost if the two countries don’t collaborate on a pipeline to ship their crude to the Indian Ocean, a company official said. Landlocked Uganda is deciding on whether the pipeline will traverse northern Kenya’s desert to a proposed port at Lamu, or south past Lake Victoria to Tanga on Tanzania’s coast. While Tullow, which discovered Uganda’s oil, has a seat at the talks, the pipeline decision is “above …

Uganda and Tanzania plan oil pipeline, silent over Kenya route

March 05, 2016 | East Africa, Pipelines

Kampala, Uganda | – Uganda and Tanzania are planning to build a pipeline from Ugandan oil fields to the Tanzanian coast in a move that could strike a blow to Kenyan pipeline plans. Statements issued after Ugandan President Yoweri Museveni and his Tanzanian counterpart John Magufuli met yesterday did not mention the fate of the Kenyan oil export pipeline plan. Uganda, which has yet to start oil production, raised the possibility of a Tanzanian pipeline route last year. France’s multinational oil major Total, one of …

Uganda, Tanzania sign MOU on Tanga oil pipeline agreement

October 13, 2015 | East Africa, Pipelines

Kampala, Uganda | – Tanzania and Uganda have signed an agreement that paves the way for studies to explore the possibility of building a pipeline to the Tanzanian port of Tanga. Uganda has been looking at various options of developing the crude oil export pipeline, which include Hoima-Lacor-Lamu Port, Hoima-Nairobi-Mombasa, and now Hoima-Tanga. Dr Fred Kabagambe-Kaliisa, Permanent Secretary of Uganda’s Ministry of Energy and Mineral Development, said the deal will help the parties to appraise the merits of a crude export pipeline option through Tanzania …

World Bank pledges $600 million to fund Uganda-Kenya oil pipeline

October 28, 2014 | East Africa, Finance, Pipelines

Kampala, Uganda | – The World Bank has pledged some $600 million to facilitate the construction of a regional pipeline linking oil fields in Uganda, Kenya and South Sudan, the lender said Monday. In a statement, the World Bank said that the funds would be provided by its private lending arm, the International Finance Corporation and is part of a $1.8-billion loan to fund various infrastructure projects in the Horn of Africa region, where companies have made a flurry of oil and gas discoveries in …

East Africa neighbours close to picking consultant for oil export pipeline

October 21, 2014 | East Africa, Pipelines

Nairobi, Kenya | – Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump the region’s new oil bonanza to the coast for export, a senior Kenyan energy ministry officials said on Thursday. In June, the three countries invited bids for a consultant to oversee a feasibility study and initial design for the construction of a 1,300-km (808-mile) oil pipeline to transport crude to the Kenyan coast. “We are in the final stage of …

BG Group discovery in Tanzania adds fuel for LNG export plant

October 02, 2014 | East Africa, LNG & LPG

London, UK |  – BG Group Plc and its partners discovered natural gas at a well off Tanzania, adding reserves for a planned export plant in the East African country. The Kamba-1 well in Tanzania’s block 4 found 1.03 trillion cubic feet of gas, according to a statement from Ophir Energy Plc, which holds a 20 percent interest in the block. That’s probably enough to justify a third production unit at a proposed gas-export plant, it said. BG, the U.K.’s third-largest oil and gas producer, plans to build …

Kenya plans windfall tax on oil companies

August 05, 2014 | East Africa, Government & Regulations

Nairobi, Kenya | – Kenya will impose capital-gains and windfall taxes on oil, gas and mining companies within months to ensure the East African nation maximises benefits from its mineral resources, President Uhuru Kenyatta said. “This is something that we are very clear about,” President Kenyatta said in an interview at State House in the capital, Nairobi. “We want to ensure that we as a country also are able to benefit from both the windfall and capital-gains tax.” The comments are a blow to Tullow Oil and …

Tullow Oil wins appeal on Uganda oil claims

July 23, 2014 | East Africa, Legal

Uganda’s Lake Albert region rich in oil reserves. London, United Kingdom | – London based independent energy company,  Tullow Oil said Wednesday it received a favourable ruling from a London court of appeals in a simmering dispute over Ugandan assets. “Tullow Oil plc is pleased to announce that Tullow Uganda Ltd., its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and Heritage Oil Plc in the Court of Appeal in London,” Tullow said in a statement. Heritage …