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UGANDA

Does Yoweri Museveni really want to hold back Tullow Oil and Total?

Concerns over just how motivated the Ugandan president is to validate the sale between Tullow Oil and Total/Cnooc have triggered a small wave of panic among the oil firms' decision makers. [...] (278 words)

Issue dated 09/07/2019 Reading time 2 minutes

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Energy

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UGANDA
Heritage Oil
Irene Muloni
Patrick Pouyanne
Paul McDade
Total
Tullow Oil
Uganda Revenue Authority
Yang Hua
Yoweri Museveni

Total secures highly preferential deal on Tullow assets

Panic at the summit of the state in Kampala has resulted in a deal that is highly favourable to the oil companies. Here's what happened behind the scenes.

UGANDA Energy 16/06/2020

Total unperturbed as it moves towards the second round of legal battle against NGOs

French major Total's Ugandan activities, which have come under attack from several environmental groups, will be examined afresh by a French court at the end of June. Total is about to become the sole major decision-marker on the Tilenga oil project and is behaving as if nothing was amiss.

Total chairman and CEO Patrick Pouyanné. © HAMILTON/REA

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UGANDA Energy 28/04/2020

How Pouyanné used Covid crisis to Total's advantage in Tullow acquisition

In between cancelled meetings, Total and Tullow Oil were able to prompt swift action from President Yoweri Museveni over the Lake Albert asset sale. Now all that remains to be seen is what CNOOC will decide to do.

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Museveni's Kabaale refinery project faces several stumbling blocks

Legal, fiscal, and health crises have thwarted the construction of Uganda's first oil refinery, which is supposed to go up on the shores of Lake Albert.

UGANDA Energy 17/03/2020

Tax wars: truce between Tullow-Total-Cnooc and Museveni?

The end of the fiscal fracas could spell the announcement of the much-anticipated FID for the development of Uganda's Lake Albert fields.

UGANDA Energy 04/02/2020

Museveni asks teams to find middle ground on taxes with Total/Cnooc

According to our sources, the Ugandan ministry of energy now

UGANDA Energy 07/01/2020

Lake Albert crude oil: Total and Museveni cross swords over tax

The head of Total is demanding another tax cut on the development of Lake Albert's oil fields.

KENYA UGANDA Energy 07/01/2020

Embattled Tullow Oil enlists African experts to steer it into smoother waters

Ever since Tullow Oil's CEO Paul McDade jumped ship, the company has been relying on its African execs to negotiate its departure from key countries and refill its coffers.

UGANDA Energy 17/12/2019

How a cornered Museveni gave in to Total and Tullow Oil

With 2021 elections approaching the Ugandan president felt it best to keep the oil firms happy.

UGANDA Energy 05/11/2019

If Total doesn't hurry up with pipeline, Museveni will take the train

Ugandan president Yoweri Museveni has no intentions to sit twiddling his thumbs waiting for French major Total to decide whether

UGANDA Energy 22/10/2019

Total/Cnooc/Tullow Deal: Kaliisa steers exploration rescue mission

According to our sources, President Yoweri Museveni has scheduled a November meeting with the oil firms present in Uganda -

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Bid round: Cnooc wants to rule the roost in exploration

Although a lack of interest from foreign firms has prompted

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Tullow/Total let-down: Museveni and Magufuli all ears for Cnooc

According to our sources, the meeting between the Tanzanian and

UGANDA Energy 10/09/2019

Total/Cnooc case: how URA and Tullow took part in the fiasco with Yoweri Museveni

Tullow Oil has clashed with the Ugandan authorities as the cracks begin to appear in the crude oil export project.

UGANDA Energy 27/08/2019

Turf war between Mitsui and Cnooc for GTL contract

Japan's trading colossus Mitsui and Chinese oil major Cnooc, via its subsidiary Cnooc EnergyTech, are in a tug of war

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Yoweri Museveni and John Magufuli try to gain headway on Total pipeline

During his visit to Dar es Salaam in mid-July, Ugandan president Yoweri Museveni made sure he was able to chat

UGANDA Energy 25/06/2019

Total's Patrick Pouyanne increasingly wary of Yoweri Museveni's plans

According to our sources, Total should shortly announce the outline of its future in Uganda. Last week, Total chairman and

UGANDA Energy 14/05/2019

Lowdown on Museveni's Entebbe catch up with Total boss Pouyanne

While Total CEO Patrick Pouyanne's meeting with Ugandan president Yoweri Museveni in Entebbe on April 29 was made public knowledge,

UGANDA Energy 26/03/2019

Why Total will be loaning Tullow Oil $80 million

Total and Cnooc should finalise their acquisition of Tullow Oil's 22% in its Ugandan Lake Albert assets this April. According

UGANDA Energy 12/03/2019

Total cuts itself lion's share of Tullow Oil's former deposits

The talks between Total and Cnooc over which of the

UGANDA Energy 29/01/2019

Total boss seeks action from secret meeting with Museveni

Tired of the slow pace of developments on the Lake Albert deposits, the chairman of the French major came in person to speed up the process.

UGANDA Energy 15/01/2019

Lake Albert: Museveni issues Tullow, Total and Cnooc with ultimatum

The head of state is in a battle with Total, Cnooc and Tullow over the taxation of the sale of shares.

Spotlight

UGANDA Energy 16/05/2017

How Museveni is playing CNOOC against Total

To pick up the pace of developments on its Ugandan projects - covering over one billion barrels - French major Total and its Chinese partner China National Offshore Oil Corporation (CNOOC) have divvyed up the work, leaving Tullow Oil to

Spotlight

AFRICA Energy 29/11/2016

Total pushes on accelerator to catch up with Italy's ENI

The boss of Total since 2014, Patrick Pouyanne, is investing anew in Africa which his predecessor, Christophe de Margerie, somewhat abandoned, leaving the French group's rival Italian major, ENI, plenty of room to expand.Strong push on Congo-K.

Spotlight

KENYA UGANDA Energy 17/03/2015

Museveni & Kenyatta struggle against oil price fall

Ugandan president Yoweri Museveni and Kenyan counterpart Uhuru Kenyatta, whose nations boast the biggest oil potential in East Africa, failed to anticipate the collapse in petroleum prices and could now face a highly difficult year.

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UGANDA
Heritage Oil
Irene Muloni
Patrick Pouyanne
Paul McDade
Total
Tullow Oil
Uganda Revenue Authority
Yang Hua
Yoweri Museveni

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Does Yoweri Museveni really want to hold back Tullow Oil and Total?

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

Total secures highly preferential deal on Tullow assets

Total unperturbed as it moves towards the second round of legal battle against NGOs

How Pouyanné used Covid crisis to Total's advantage in Tullow acquisition

Museveni's Kabaale refinery project faces several stumbling blocks

Tax wars: truce between Tullow-Total-Cnooc and Museveni?

Museveni asks teams to find middle ground on taxes with Total/Cnooc

Lake Albert crude oil: Total and Museveni cross swords over tax

Embattled Tullow Oil enlists African experts to steer it into smoother waters

How a cornered Museveni gave in to Total and Tullow Oil

If Total doesn't hurry up with pipeline, Museveni will take the train

Total/Cnooc/Tullow Deal: Kaliisa steers exploration rescue mission

Bid round: Cnooc wants to rule the roost in exploration

Tullow/Total let-down: Museveni and Magufuli all ears for Cnooc

Total/Cnooc case: how URA and Tullow took part in the fiasco with Yoweri Museveni

Turf war between Mitsui and Cnooc for GTL contract

Yoweri Museveni and John Magufuli try to gain headway on Total pipeline

Total's Patrick Pouyanne increasingly wary of Yoweri Museveni's plans

Lowdown on Museveni's Entebbe catch up with Total boss Pouyanne

Why Total will be loaning Tullow Oil $80 million

Total cuts itself lion's share of Tullow Oil's former deposits

Total boss seeks action from secret meeting with Museveni

Lake Albert: Museveni issues Tullow, Total and Cnooc with ultimatum

How Museveni is playing CNOOC against Total

Total pushes on accelerator to catch up with Italy's ENI

Museveni & Kenyatta struggle against oil price fall

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Does Yoweri Museveni really want to hold back Tullow Oil and Total?

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

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Set up email notifications for these topics

Total secures highly preferential deal on Tullow assets

Total unperturbed as it moves towards the second round of legal battle against NGOs

How Pouyanné used Covid crisis to Total's advantage in Tullow acquisition

Museveni's Kabaale refinery project faces several stumbling blocks

Tax wars: truce between Tullow-Total-Cnooc and Museveni?

Museveni asks teams to find middle ground on taxes with Total/Cnooc

Lake Albert crude oil: Total and Museveni cross swords over tax

Embattled Tullow Oil enlists African experts to steer it into smoother waters

How a cornered Museveni gave in to Total and Tullow Oil

If Total doesn't hurry up with pipeline, Museveni will take the train

Total/Cnooc/Tullow Deal: Kaliisa steers exploration rescue mission

Bid round: Cnooc wants to rule the roost in exploration

Tullow/Total let-down: Museveni and Magufuli all ears for Cnooc

Total/Cnooc case: how URA and Tullow took part in the fiasco with Yoweri Museveni

Turf war between Mitsui and Cnooc for GTL contract

Yoweri Museveni and John Magufuli try to gain headway on Total pipeline

Total's Patrick Pouyanne increasingly wary of Yoweri Museveni's plans

Lowdown on Museveni's Entebbe catch up with Total boss Pouyanne

Why Total will be loaning Tullow Oil $80 million

Total cuts itself lion's share of Tullow Oil's former deposits

Total boss seeks action from secret meeting with Museveni

Lake Albert: Museveni issues Tullow, Total and Cnooc with ultimatum

How Museveni is playing CNOOC against Total

Total pushes on accelerator to catch up with Italy's ENI

Museveni & Kenyatta struggle against oil price fall

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: