Troubles at Tullow Oil could derail Kenya’s fledgling local oil industry. The London-based company is facing governance issues while its partner in Lokichar Africa Oil is in financial woes. Even as ...
“The elephant in the room is that fossil fuels have become stranded assets,” given the global aim of a transition to renewable energy, Nairobi-based energy economist Daniel Thuo Njoroge tells The ...
Tullow Oil Plc and Gulf Energy Ltd. won an extension to submit a development plan for fields in Kenya, a crucial step to completing a sale of the assets. Tullow agreed to sell the oil deposits to the ...
Last year, TotalEnergies (NYSE:TTE) and Africa Oil (OTCPK:AOIFF) announced they had abandoned the multi-billion dollar South Lokichar project in Kenya, leaving British exploration firm Tullow Oil ...
Kenya is on track to become an oil exporter, with plans set for commercial production and exports to begin in 2026 following recent crude oil regulations. The Energy and Petroleum Regulatory Authority ...
April 15 (Reuters) - West Africa-focused oil and gas explorer Tullow Oil (TLW.L), opens new tab said on Tuesday it would sell its assets in Kenya to Gulf Energy Ltd for at least $120 million as it ...
Kenya lawmakers said a lack of detail over Tullow Oil Plc's sale of oil assets to local company Gulf Energy 'raises concerns' for the industry in the East African nation. Kenya lawmakers said a lack ...
Tullow Oil is fighting off a Sh21.9 billion ($170 million) tax demand from the Kenya Revenue Authority (KRA), in what mirrors a tax tussle the British company faced in a project in neighbouring Uganda ...
Discussions over new partners for the field are “a very live process,” though it’s too early to say whether there will be a single or several new partners, Dhir says on the sidelines of the Africa CEO ...
Tullow Oil’s challenging multibillion-dollar South Lokichar project in Kenya has become just that bit more complex after TotalEnergies and Africa Oil decided to quit the oilfield development. The long ...