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Tullow oil

Residents angry over delayed oil compensation

Residents angry over delayed oil compensation

Members of the Oil Refinery Residents Association have issued an open letter to the presidents’ Yoweri Museveni and John Magufuli demanding compensation. Members expressed disappointment over the fact that the government of Uganda is pursuing oil developments some of which will be developed through their land but is yet to compensate and relocate them. The letter authored […]

URA defends payout to civil servants as MPs call for a probe.

URA defends payout to civil servants as MPs call for a probe.

The Uganda Revenue Authority (URA) has come out to defend the reward of over $1.6m (about 6 billion Uganda shillings) to civil servants who participated in a Uganda government legal battle with a UK-based Heritage Oil Company. In a press statement released on Thursday, Sarah Birungi Banage, the Assistant Commissioner Public and Corporate Affairs with […]

Tullow oil wins Uganda case against Heritage Oil in UK Court

News Release   Tullow Oil Wins case against Heritage 14 June 2013 – Tullow Oil plc (Tullow) is pleased to announce that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and Heritage Oil Plc (together ‘Heritage’) in the High Court in London […]

Tullow Oil secures US$3.5 billion debt refinancing

Tullow Oil plc (Tullow) is pleased to announce that it has closed the refinance of US$3.5 billion of Reserves Based Lend (“RBL”) credit facilities. The arrangements are fully committed, secured and revolving credit facilities and replace the previous facility which was due to expire in 2015. The US$3.5 billion of credit facilities are split between […]

DP to petition European Union parliament over Tullow oil questionable deals with president Museveni

President Museveni might have used his powers to direct his minister for energy to sign an oil deal with Tullow Oil without the support of the people he rules, but the wrath of Ugandans keeps on growing every day. The members of the Democratic Party, the oldest opposition party in Uganda have vowed to petition […]

Museveni investigation letter to British parliament on Tullow oil

President Museveni has directed an Investigation into the Author of the letter which was written to the Speaker of House of Commons seeking to stay Tullow Oil dealing with the Government of Uganda on ground that the process is not transparent and therefore Ugandans may not benefit out of Oil Sector. Acting Government Chief Whip […]

‘Scientists say after 20 years oil will lose value’

President Museveni has told the parliament of Uganda that scientists in USA recently told him that after 20 years oil would lose value. The MPs asked the president to show evidence that indeed the scientists told him and which scientists the president could not reveal anything. But he told them that it was those scientists […]

Uganda government gives Tullow oil production Licence

The government of Uganda has awarded  to Tullow Oil Company an oil production license for 400 million barrel kingfisher oil well found in western Uganda worth 1.5 billion US dollars.   The long waited move will see a resumption of production activities in the Abertine Graben that had halted due to the expiry of Heritage […]

Tullow oil appoints Barclays Capital and Morgan Staley & Company as corporate brokers

News Release Tullow Oil plc (Tullow) is pleased to announce that it has appointed Barclays Capital and Morgan Stanley & Co. International plc as joint corporate brokers with immediate effect. FOR FURTHER INFORMATION CONTACT: Tullow Oil plc (+44 20 3249 9000) Chris Perry – Investor Relations James Arnold – Investor Relations George Cazenove – Media […]

Tullow Oil launches Scholarship Scheme in partnership with the British Council.

News Release: Tullow Oil plc (Tullow) has today announced the launch of the Tullow Group Scholarship Scheme (TGSS) in partnership with the British Council. The scheme, which forms a key part of Tullow’s overall approach to education and capacity building, will support postgraduate degree, technical training and vocational studies. The scholarships aim to support local […]

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