Tullow Oil

Tullow exits Uganda in Sh54b Total buyout

Reading Time: < 1 minute Tullow Oil has finally exited the Uganda market, after selling its assets worth $500 million (Sh54.5 billion), to French firm […]

Moody’s downgrades Tullow’s credit rating on slower oil price recovery

Reading Time: < 1 minute Lewis Njoka @LewisNjoka Global rating agency, Moody’s, has downgraded Tullow Oil’s credit rating, saying it expected a more prolonged downturn and […]

Tullow replaces Kenyan CEO amid restructuring

Reading Time: 2 minutes Tullow Oil has replaced its country managing director Martin Mbogo and warned of a second round of staff cuts in […]

Tullow Oil to proceed with Kenya operations, suspends exit plan

Reading Time: < 1 minute Tullow Oil has suspended plans to exit the Kenya market which was intended through the sale of blocks in the […]

Kenya’s big oil hopes to delay over Tullow loss

Reading Time: 2 minutes John Otini Oil explorer Tullow yesterday said Kenya’s hopes of exporting oil in large quantities will be delayed further after […]

Gazette committees to ensure mining benefits locals

Reading Time: 2 minutes Samuel Ngei Kenya has a rich mining sector. With the amount of titanium in Kwale county, Oil in Turkana, Niobium […]

Tullow woes spell doom for Turkana oil fields prospects

Reading Time: 3 minutes British oil and gas explorer Tullow Oil has been hit by a fresh wave of setbacks—threatening to impact the final […]

Tullow troubles will not affect Turkana oil, says PS

Reading Time: 2 minutes John Otini The Ministry of Energy says Kenya’s oil production will go on as planned despite trouble at Tullow Oil […]

Tullow Oil calls off Uganda 230,000 barrel sale deal

Reading Time: < 1 minute London, Thursday Tullow Oil’s sale of a stake in its planned 230,000 barrel per day project in Uganda to France’s […]

Oil consortium seeks to raise Sh310b from Nairobi bourse

Reading Time: 3 minutes Kenya is edging closer to a final investment decision (FID) of Turkana oil amidst indications firms involved in the project […]