Kampala, Uganda | THE INDEPENDENT | Uganda Chamber of Mines and Petroleum is running the third edition of 90 Days of Oil and Gas Media Campaign with the main objective of giving an update on the sector’s projects, emerging opportunities, challenges, and possible solutions. Under the theme, “Facts Behind Uganda’s Oil …
Read More »Oil and Gas creates 12,000 jobs in the Albertine
Kampala, Uganda | THE IDEPENDENT | The oil and natural gas sector has so far employed over twelve thousand people during the construction of facilities to get oil out of the ground. Most jobs, according to the Petroleum Authority have followed the February 2023 Final Investment Decision by the Joint Ventures …
Read More »Tanzania’s gas boom that never was
When local hopes are dashed by global realities Kampala, Uganda | AIDEN BARLOW | Rising international commodity prices can shape or reshape the fortunes of places. When large mining and oil and gas prospectors suddenly show an interest, a remote area can become a resource frontier a place that’s far from …
Read More »Oil and gas financing debate
Banks are ready to finance the sector but with stringent conditions Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …
Read More »TotalEnergies restates that Uganda oil plans on track
Patrick Pouyanne says in Uganda and elsewhere, TotalEnergies will focus on investments in low-cost and low-carbon assets. Kampala, Uganda | THE INDEPENDENT | The French oil major TotalEnergies has affirmed its total commitment to extract Uganda’s oil despite concerns by climate activists. The company has been under intense pressure to …
Read More »TotalEnergies EP Uganda unveils 200 youth to join the Tilenga Academy
Kampala, Uganda | THE INDEPENDENT | TotalEnergies EP Uganda has today unveiled 200 Ugandan youth who have been selected from the Tilenga MOOC to join the Tilenga Academy training program. The program is aimed at empowering youth with skills and international certifications to work on the Tilenga project during the …
Read More »Uganda’s Tilenga Project passes key industry safety milestone
TotalEnergies EP Uganda passes industry milestone of 10-million-man hours without lost time injuries on the Tilenga Project Buliisa, Uganda | THE INDEPENDENT | TotalEnergies EP Uganda has successfully achieved 10-millionman hours without Lost Time Injuries (LTI) on the Tilenga Project. This crucial health and safety industry milestone was achieved on …
Read More »Africa’s share of global gas supply to double by 2050 – report
The continent will be responsible for over 11% of all gas supplies by 2050, study finds. Johannesburg, South Africa | BIRD AGENCY | Africa’s gas share in the global market will increase to over 11% of all gas supplies by 2050, according to a report by Gas Exporting Countries Forum …
Read More »KINGFISHER FIELDS: Uganda starts drilling oil wells
At the current oil prices of about $87.5 per barrel, the Kingfisher project will account for about 15% of the total oil revenues to government from upstream, which is $6.9billion in total and $360million per year. Kikuube, Uganda | THE INDEPENDENT | President Yoweri Museveni has today launched the commencement …
Read More »Algeria, Italy agree to build new energy pipeline
Algiers, Algeria | Xinhua | Algeria and Italy agreed on Monday to build a new pipeline to carry Algeria’s gas and electricity to Europe. At a joint press conference with visiting Italian Prime Minister Giorgia Meloni, Algerian President Abdelmadjid Tebboune said the project will make Italy “a key distributor of Algerian …
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