Tullow seeks rapid FID for Kenya oil project
The London-based firm, which made an operating profit in 2017 for the first time in three years, says it is in talks with the government over a $1.1bn pipeline
Tullow Oil says it wants to make a final investment decision on the development of reserves in Kenya's South Lokichar Basin in 2019, as it seeks to take advantage of prevailing low industry costs to keep project expenditure down. The development has been in limbo for several months, hamstrung by disputes with communities around the oilfields close to Lake Turkana in northern Kenya over revenue sharing and by uncertainty surrounding last year's disputed Kenyan presidential election. Chief executive Paul McDade said the company's relationship with both the Kenyan government and the population in the Turkana region had improved. "We are really back heavily engaged with the government in Nairobi
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
