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Kenyan Government Rejects Tullow Oil’s Field Plan

Last year, TotalEnergies (NYSE:TTE) and Africa Oil (OTCPK:AOIFF) announced they had abandoned the multi-billion dollar South Lokichar project in Kenya, leaving British exploration firm Tullow Oil (OTCPK:TUWLF) (OTCPK:TUWOY) as the oilfield's sole owner following a multiyear effort to get development off the ground. The two partners held a 25% stake apiece in the Lokichar field but withdrew after an unsuccessful drawn-out process to find a fourth partner. The long-delayed project aims to tap 460M barrels of oil in multiple fields in a…

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