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Experts warn on proposed windfall tax in attracting investors to Kenya

Experts are warning that a proposed windfall tax by the Kenyan government on oil once production starts could keep away potential investors much as it would amount to more income … Read More

London’s Court of Appeal rules in favor of Tullow Oil in Uganda’s capital gains tax case

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil plc has announced that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and … Read More

Tullow Oil to challenge the Tax Appeals Tribunal ruling in Uganda

Tullow Oil plc has announced that its subsidiaries operating in Uganda have received a ruling from the Tax Appeals Tribunal (TAT) in Uganda relating to Capital Gains Tax (CGT). The … Read More

Tullow Oil unsuccessful in Ethiopia’s South Omo Block

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil plc has announced that the Shimela-1 well encountered water bearing reservoirs. Shimela-1 in the South Omo Block, onshore Ethiopia, was drilled to test a prospect in … Read More

Tullow Oil loss of Kenya’s Block 10A adds to Kshs. 38.4 billion group profit dip

[twitter-follow screen_name=’oilnewskenya’] British explorer Tullow Oil which held the license to exploration Block 10 in Northern Kenya’s Marsabit county has booked a 6.8 billion shilling loss after losing the expired … Read More

Tullow Oil May Sell Part of Stake in Ugandan Oil Field

[twitter-follow screen_name=’oilnewskenya’] Story Wall Street Journal Africa-focused oil and gas explorer Tullow Oil PLC is considering selling part of its stake in a Ugandan oil field it is developing with … Read More

Total E&P compensates Ugandans as production nears

[twitter-follow screen_name=’oilnewskenya’] Residents of Nebbi will each receive Kshs. 120,000 per acre for land trampled on during exploration plus a 10,000 shillings rent every year with a 40 per cent … Read More