Kampala, Uganda | THE INDEPENDENT | The fear oil spill disasters is one of the risks of concern as the country prepares for commercial oil production. It is feared by environment groups and scientists that the oil spill could wipe out tourism and fishing industries and wildlife habitats in the entire …
Read More »Oil companies faulted for not employing native Banyoro
Kampala, Uganda | THE INDEPENDENT | Oil companies operating in the Albertine region have been faulted for not employing the natives from the region. Speaking during the second and last Public hearing for the Kingfisher Environmental and social impact Assessment-ESIA report for the proposed oil development projects on Friday at …
Read More »Bunyoro kingdom calls for protection of cultural sites in Albertine graben
Kampala, Uganda | THE INDEPENDENT | The Bunyoro Kitara Kingdom is demanding the preservation and protection of all cultural Heritage sites in areas where oil and gas activities are taking place. Bunyoro Culture Minister Hajji Bruhani Kyokuhaire said that a number of sites are threatened, yet there is no deliberate …
Read More »PWDs seek active involvement in oil and gas sector
Kampala, Uganda | THE INDEPENDENT | Persons with Disabilities-PWDs are demanding active engagement and participation in the Oil and gas sector. They argue that while different groups have been engaged, the government and oil companies have not taken any initiative to support persons with disabilities to tap into opportunities in the …
Read More »Museveni locks out oil investors
It’s Total disaster Kampala, Uganda | HAGGAI MATSIKO | Uganda’s oil sector has been thrown into another toss up after President Yoweri Museveni cancelled a highly anticipated meeting on June 05 between him and oil production company executives; The Independent can exclusively report. The meeting was to be a …
Read More »Gov’t pushes final investment decision for oil production to September
Kampala, Uganda | THE INDEPENDENT | Government has pushed the Final Investment Decision (FID) for commercial oil production to September 2019. Speaking during the budget presentation on Thursday, Finance and Economics Development Minister, Matia Kasaija said, “Preparation for commercialization of oil and gas resources continued this year. The lead investor for …
Read More »Foreign direct investments rebound
As players in oil and gas sector registers more activity Kampala, Uganda | PATRICIA AKANKWATSA | Foreign direct investment into Uganda rebounded in 2018 owed to positive growth in the economy and the prospective investments in the oil and gas sector. Latest data from the Bank of Uganda shows that …
Read More »Oil delay a blessing in disguise – NPA
Kampala, Uganda | THE INDEPENDENT | The National Planning Authority (NPA) is positive that the delay in Uganda’s oil production is a blessing in disguise. The authority says that the delay will give the country time to prepare and organize its industry. National Planning Authority Executive Director Dr Joseph Muvawala …
Read More »Gov’t, Oil companies yet to agree on tax, recoverable costs
Kampala, Uganda | THE INDEPENDENT | The government and oil companies have failed to reach a consensus on key issues which could potentially create more delays for the Final Investment Decision (FID). The delay is a setback to the planned construction of the pipeline and the refinery. The contentious issues …
Read More »Understanding government, Tullow-Total firm down dispute
Kampala, Uganda | THE INDEPENDENT | An ongoing tax dispute between the Ugandan government and Tullow Oil has led to the postponement of the planned Final Investment Decision for the Albertine oil development project to the second half of 2019. The capital gains tax dispute from Tullow’s farm-down of its stake …
Read More »