Jerusalem, Undefined | AFP | Israel has struck an “historic” contract to supply natural gas to Egypt, Prime Minister Benjamin Netanyahu announced Monday, in a deal one firm said was worth $15 billion over 10 years. “This will bring billions of dollars to state coffers,” Netanyahu said in a statement …
Read More »Algeria gas plant marks five years since bloody hostage siege
In Amenas, Algeria | AFP | Workers at Algeria’s In Amenas gas plant gathered Tuesday around a black marble memorial to mark five years since a deadly raid by Al-Qaeda-linked jihadists left 40 hostages dead. All trace of the four-day siege — which saw workers from Japan, the Philipines, Britain, …
Read More »Stanbic, ICBC expose oil and gas opportunities
Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC) have hinted that Uganda’s economy is set to reap big from oil and gas activities. Speaking at an economic forum organised by the two banks for the Chinese business …
Read More »OIL: Mozambique’s gas boom dream under threat
Palma, Mozambique | AFP | The small, palm-fringed fishing town of Palma was meant to become a symbol of Mozambique’s glittering future, transformed by one of the world’s largest liquefied natural gas projects. But construction has fallen far behind schedule and the town’s fate is uncertain after gas prices fell …
Read More »Museveni in Bahir Dar for security forum on natural resources
President Yoweri Museveni is in Bahir Dar, Ethiopias’ second largest city, for the 6th TANA high-level forum on security in Africa that will focus on natural resources. Africa’s natural resource endowments stand at 12% of global oil reserves, 40% of global gold deposits, and about two thirds of the world‟s …
Read More »Eyes on First Oil as Uganda organises regional Logistics Expo
Over 1000 delegates to attend the Regional Logistics Expo and Oil & Gas Convention The Uganda Freight Forwarders Association (UFFA) and the Uganda Chamber of Mines and Petroleum (UCMP) are jointly organizing the inaugural Regional Logistics EXPO 2017 and the 3rd Annual Oil & Gas Convention scheduled for April 25 …
Read More »Oil and gas development to boost hotel industry
Jean – Philippe Bittencourt, is the general manager for Sheraton Kampala Hotel. He spoke to The Independent’s Julius Businge on the prospects of Uganda’s hotel industry. How would you describe the 50 years journey of Sheraton Kampala Hotel? It is a landmark in our lives and we will continue to …
Read More »Oil and gas boom in 2017
Setting up an oil refinery remains a big headache for the country’s oil and gas resources Optimism is the mood as the countdown to Uganda’s first oil continues and pressure mounts on the government to put in place critical infrastructure necessary for oil production in four years. “The government should …
Read More »Uganda’s slow oil and gas infrastructure development
Following the withdraw of the Russian-led consortium RT Global Resources, from the oil refinery construction in July, the government is looking for a new investor to partner in the project by mid-2017 This year marked a decade since the government announced the discovery of commercially viable oil and gas resources …
Read More »Nigeria, Morocco mull gas pipeline mega-project
Lagos, Nigeria | AFP | Nigeria and Morocco are in talks over a huge project to extend a West African gas pipeline to stretch up towards Europe, officials say. Nigerian Foreign Minister Geoffrey Onyeama said in a government video posted on Twitter on Friday that the pipeline would “go along …
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