MARKETS

Path clearing for Total move on Tullow's Ugandan oil project stake

TOTAL is to take a larger share of some African assets this week, only not Occidental Petroleum's Ghana and Algerian projects but rather a stake in a Ugandan project, agreeing with Tullow to take a larger share of the Lake Albert oil project.

Path clearing for Total move on Tullow's Ugandan oil project stake

  China's CNOOC elected not to exercise its pre-emption rights which would have allowed it to take the stake ahead of the French company.   Tullow expects the deal to complete in the second half...

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