Heritage Oil

Gabon
Tullow Oil back in the exploration game

Junior Tullow Oil is getting back to its roots: exploration. Now that it is reducing its debt, the British firm wants to invest in an offshore block in Gabon.

Uganda
Museveni administration shunned by oil investors

Uganda's latest oil tender was largely boycotted, and no new exploration wells have been drilled since 2017 on valid licences. The country's hopes now rest on developments by TotalEnergies and CNOOC.

The New Guard
South Africa, Uganda, Morocco, Algeria

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

South Africa Fasiha Hassan, Gauteng's MPL pushing to rejuvenate ANC

Uganda Elison Karuhanga, the Lake Albert-connected oil lawyer

Morocco Boucharab, former IT chief of OCP, LVMH and Total, heads into the cloud

Algeria Benghanem keen to put Algeria back on investors' radar

Spotlight | Africa, United Kingdom
As Brexit looms, Jersey promotes offshore financial centre

Though already a favourite among wealthy Africans and investors on the African continent, Jersey wants to further its image as a robust offshore financial centre. The Channel island offers a strategic stepping stone for London with Brexit just around the door.

Ghana
Helios Investment hush hush about secret partner on Tema LNG project

The discreet Ghanaian company Lyndhurst Corp has actively invested in the Tema LNG import project, whose 2020 launch has now been compromised by the Covid-19 crisis.

Spotlight | Uganda
Total/Tullow Oil: why Yoweri Museveni turned his oil commando unit on its head

Wanting to push ahead with the development of the Lake Albert fields that Tullow Oil and Heritage Oil discovered since 2006 and are presently under Tullow/Total and Cnooc's watch, President Yoweri Museveni made pivotal changes to Uganda's top oil staff [.

Nigeria
OPL 245: the silent exodus of team in charge of the deal at Shell

As an Italian court continues its probe into the award of Nigeria's most promising offshore block, all those involved in the deal at Shell are no longer with the major.

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.

Uganda
Tullow Oil pares back to minimum operability

The British junior oil firm has trimmed its activities in its Kampala office with a wave of layoffs.

Uganda
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.

Nigeria
Financier Michele Faissola teams up with Heritage Oil

Heritage Oil, the oil arm of investment fund Al Mirqab [...]

Spotlight | Nigeria
Kola Karim takes a risk or two with Shoreline

Shoreline boss, the Nigerian businessman Kola Karim, has been on a roll securing partners with foreign firms to bulk up his company's portfolio of assets in Nigeria and across Africa at large.The latest target: Vinci - As we revealed in [.

Nigeria
Exclusive: Vinci offshoot, Entrepose, joins forces with Kola Karim's Shoreline

As Africa Energy Intelligence understands, Nigerian firm Shoreline, headed by the powerful businessman Kola Karim, should shortly announce that it [...]