Tag Archives: CNOOC

  Kampala, Uganda | RONALD MUSOKE | Chinese oil firm, CNOOC, has chosen not to pre-empt Tullow Oil’s sale of its assets in Uganda to Total according to a statement published on May 28 on Tullow’s website. “Tullow Oil plc announces that CNOOC Uganda Limited (CNOOC) has informed both Tullow …

  Kampala, Uganda | RONALD MUSOKE | French oil super major, Total, will take over Tullow’s assets in Uganda’s Lake Albert Development project including the stake in the East Africa Crude Oil Pipeline following the recent conclusion of a sale and purchase agreement with the British oil firm. According to …

NEMA’s approval paves way for construction of oil field facilities Kampala, Uganda | RONALD MUSOKE | Uganda’s environmental agency, NEMA, has approved CNOOC’s environmental and social impact assessment report for the Kingfisher project following ten months of scrutiny and evaluation. Dr. Tom Okurut, NEMA’s executive director issued the certificate of …

  How our government built and has now almost destroyed the country’s oil industry THE LAST WORD | ANDREW M. MWENDA | Uganda’s upstream oil industry is dead. Ok, let me admit this is a bit of an exaggeration. It is more appropriate to say it is in a coma …

Here are the likely impacts of delays in making the Final Investment Decision after seven postponements | CORTI PAUL LAKUMA | Yet again the final investment decision (FID) on oil production in Uganda was delayed in August 2019. The delay meant that the date for first oil had to be …

Uganda discovered oil in 2006 but disagreements between the government and oil companies have stalled its development Kampala, Uganda | ISAAC KHISA | Uganda National Oil Company (UNOC) plans to invest $840million in joint infrastructure projects in the country’s oil and gas sector, said its Chief Executive Officer, Proscovia Nabbanja. …

Kampala, Uganda  | THE INDEPENDENT | The delay in the announcement of the Final Investment Decision on the Uganda oil project is causing unease among civil society organizations in the Albertine graben. Uganda discovered approximately 6.5 million barrels of commercially viable oil deposits in the Albertine graben in 2006, raising …

FDI expected to be reached by April 2020 ANALYSIS | LIAM TAYLOR – Africa Business Magazine  | Oil deposits have sat beneath the shores of Lake Albert, in western Uganda, for millions of years. Since its discovery in 2006, plans to extract the oil, estimated at over 1bn recoverable barrels, …

Kampala, Uganda | THE INDEPENDENT | The oil sector in 2019 was dotted with both sheds optimism and pessimism in equal measure. The year started with government pledge for transparency in the sector when it signed up to the Extractive Industries Transparency Initiative (EITI), much to the delight of civil …

It is still unclear how the London departures will impact on Uganda’s oil project Kampala, Uganda | RONALD MUSOKE | On Dec. 09, Paul McDade, Tullow Oil Plc’s Chief Executive Officer, and Angus McCoss, the company’s Exploration Director stepped down from their positions by “mutual agreement and with immediate effect,” …