http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.02Change: -0.02
R/$ = 10.64Change: -0.03
Au 1289.65 $/ozChange: -0.27
Pt 1425.50 $/ozChange: 1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 16, 2011

Total CEO renegotiating with Tullow over Uganda deal

Back
London|CNOOC|Exploration|PROJECT|Tullow|Tullow Oil|China|Oil|Oil Fields|Christophe De Margerie
|Exploration|PROJECT||||
london|cnooc|exploration|project|tullow|tullow-oil|china|oil|oil-fields|christophe-de-margerie



 Total is renegotiating parts of a deal it agreed with London-based explorer Tullow Oil to buy a stake in Tullow's Ugandan oil fields, the chief executive of the French oil major said on Wednesday.

"Because of the time that has been lost...we have to be careful not to enter into licences with too short life so we are renegotiating before we start, before we pay. Just to be sure that we can continue with the exploration which is needed to develop ," CE Christophe de Margerie told reporters at a briefing.

Tullow is waiting for formal approval from the Ugandan government before it can proceed with a plan to sell stakes in its oil blocks to Total and China's CNOOC to embark on a $10-billion project to develop the East African country's oil reserves.

Edited by: Reuters
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Oil and Gas News
COLD BOX The cold box, which weighs almost 100 t, was designed and manufactured by Germany-based Linde Group
Updated 5 hours ago South African gas company Afrox’s R300-million, 150 t/d air separation unit (ASU) in the Coega industrial development zone of the Eastern Cape, is more than 75% complete, Afrox MD Brett Kimber tells Engineering News. Major equipment, including the cold box and...
Updated 5 hours ago A society that is aware of the benefits of science and technology will work to ensure it remains competitive in those areas, and petrochemicals major Sasol’s yearly Techno X expo provides a dynamic and interactive platform for learners to discover career...
More
 
 
Latest News
Deputy President Cyril Ramaphosa
South Africa’s economic transformation and inclusive growth will not result from a single intervention but rather a range of mutually supporting initiatives, Deputy President Cyril Ramaphosa said on Thursday, adding that in many cases this did not require new...
Financial services group Nedbank – the largest occupier of green buildings in the country – has officially opened another Green Building Council of South Africa (BGCSA) 4-Star Green Star-rated building, this time, in Roodepoort. Nedbank Lakeview, which served as...
The Independent Communications Authority of South Africa (Icasa) has outlined the conditions for the assignment of capacity on the digital television channels on Multiplex 3 and any excess capacity on Multiplex 1. The latest regulations overseeing the long-awaited...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
Updated 5 hours ago South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
Updated 5 hours ago There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
Updated 5 hours ago The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
Updated 5 hours ago UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Updated 5 hours ago Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks