Tag Archives: CNOOC

Museveni’s refinery deal: Now gov’t says in negotiations with GE-led consortium as Chinese protest Kampala, Uganda | HAGGAI MATSIKO | A fight between Chinese and American investors over the US $ 4 billion refinery deal could further delay the project, observers fear. These fears have been sparked by reports that …

More than 290 firms approved to participate in Uganda oil industry this year Kampala, Uganda | RONALD MUSOKE | Uganda has unveiled its first National Suppliers Database with more than 290 firms approved to supply goods and services in the fledging oil and gas industry this year. The companies can …

Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni and technocrats at the Energy Ministry are set to pick an investor for Uganda’s $4 billion refinery but details of what is emerging from negotiations and due diligence meetings is troubling. Insiders say the in-fighting, intrigue and lobbying that has undermined previous infrastructure …

  Ugandan firms in fight against foreigners Uganda’s nascent oil and gas sector is entering an intense three-year development phase, or what everyone is calling phase II since it follows phase one of exploration. As excitement builds, so does anxiety. “I hope to approach this phase differently.  It is much …

In September 2015,Adewale Fayemi, became  the General Manager of Total E&P Uganda with a clear job brief: Prepare and oversee Total’s operations in the Lake Albert basin transition from the exploration and appraisal phase to the development phase, writes  Ronald Musoke Fayemi’s appointment came just nine months after the departure …

  Push for regional logistics hub status is `selfish’ says Museveni Uganda is grappling with a logistical nightmare of importing tonnes of machinery for its nascent oil industry but, in a classic move of seizing opportunity in a crisis, operators are seeking to turn the country into an East African …

Oil pundits sees Tullow Oil plc.’s new share sale a strategy to exit the country’s oil sector London-Based Tullow Oil plc’s announcement that it is once again scaling down its stake in Uganda’s oil development, shedding off nearly two thirds of its shareholdings to the rival firm, Total E&P for …

By Ronald Musoke Uganda’s slow but steady march towards commercial production of its estimated 3.5 billion barrels of oil has been given new life following the government’s recent issuance of a production licence to the Chinese firm, CNOOC. Speaking to journalists at the energy ministry offices in Kampala on Sept. …

By Haggai Matsiko New rules to force CNOOC, Total, Tullow to reveal money paid The U.S’s Securities and Exchange Commission has finally issued the long awaited new rules that outline how oil, gas and mining companies must comply with Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection …

By Haggai Matsiko Tullow, CNOOC and Total get $2.9 bn oil deal amidst allegation of corruption What could prompt Tullow, CNOOC and, Total to disregard a raft of cases in international courts, a court injunction at home and a resolution of parliament and sign a deal with Uganda? Money. Possibly …