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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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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Berlin, Germany | Xinhua | Norway replaced Russia as Germany’s biggest gas supplier in 2022, accounting for 33 percent of its total gas imports, the Federal Network Agency (BNetzA) said on Friday. “Norway is our most important energy supplier today and should remain so as we move toward a carbon-neutral future,” Germany’s …
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Hoima, Uganda | THE INDEPENDENT | The Albertine Graben Refinery Project in Hoima will be one of the big oil and gas infrastructure projects to look out for in 2023 in Uganda and Africa. The 60,000 barrels per day refinery is one of the 70 new oil and gas projects that …
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Several high-carbon emitting countries in Africa are developing just energy transition plans while still focusing on exploiting their fossil-fuel reserves. Luanda, Angola | BIRD AGENCY | Africa’s carbon-intensive economies are racing to develop just energy transition plans as more green funding commitments begin to flow in. However, these oil and …
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The Independent Uganda: You get the Truth we Pay the Price