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TotalEnergies sticks to winning formula
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
The 'desert museum', loyangalani, Lake Turkana
Kenya Tullow Oil TotalEnergies
Ian Lewis
5 July 2019
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Project Oil Kenya delayed despite fresh agreement

The FID timetable has slipped due to environmental and social impact consultation hold ups

The Kenyan government reached agreement with Tullow Oil, Total and Africa Oil on 25 June over a planned development of oil discoveries in the north of the country known as Project Oil Kenya. But Anglo-Irish operator Tullow's announcement on the following day that it was postponing a final investment decision (FID) until 2020 underlines that there is still much to be done. The partners signed heads of terms (HoT) with the government covering the main key fiscal and commercial principles for the development of discoveries in blocks 10BB and 13T in the South Lokichar Basin, near Lake Turkana. The agreement provides "a framework and commercial certainty required to move ahead with negotiating th

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