Lake Albert News
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Tullow Oil Plc, the U.K. explorer that found Kenya’s first oil, plans to find more partners in Ghana’s TEN project, the Chief Executive Officer said.
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Total SA, along with partners Tullow Oil Plc and China National Offshore Oil Corp., have yet to reach an agreement with Uganda on a billion-dollar oilfield development in the Lake Albert Basin.
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Heritage Oil Plc, a U.K. oil and gas exploration company, rejected press reports that it had lost an arbitration case over tax claims by the government of Uganda.
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Kenya’s Great Rift Valley, a 450- mile long volcanic trench ripped open by shifting tectonic plates, is known as the cradle of mankind for the million-year- old remains of human forebears discovered there.
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Democratic Republic of Congo issued contracts for two oil blocks in the Lake Albert region to two South African companies.
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Total SA, France’s largest oil company, secured an environmental permit to explore Uganda’s Block 1, according to an adviser to the country’s government.
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Uganda will begin production tests at its Lake Albert oil fields in September, part of a longer-range program aimed at building a refinery that will begin operating within three years, the Energy Ministry said.
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Caprikat Ltd. and Foxwhelp Ltd. have restarted exploration of oil blocks along Lake Albert in Democratic Republic of Congo after a court last week rescinded an injunction won by Tullow Oil Plc in September.
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Dan Gertler’s bearded face lights up as he looks out the helicopter window. Below, an installation twice the size of Monaco rises from a clearing in the central African forest, where it transforms ore mined from the ochre earth into sheets of copper.
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-- Tullow Oil Plc , the U.K. explorer with the most licenses in Africa, dropped in London trading after the New Vision newspaper reported that Uganda canceled one of its exploration licenses in Lake Albert.
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