Munich, Germany | Xinhua |Â Europe is heading toward a bitter winter as a new disruption of natural gas from Russia aggravates its energy crunch and cost of living crisis. Russia’s largest gas producer Gazprom announced Friday it had stopped gas supplies via the Nord Stream I pipeline for an …
Read More »ON THE WAY: Oil rigs for Kingfisher oilfield
Beijing, China | THE INDEPENDENT | Key parts of a modern drilling rig customized by CNOOC International for Uganda’s Kingfisher oilfield, has left the port of Yantai in China for East Africa. The most advanced Chinese oil drilling equipment in the world was shipped to Uganda after a brief ceremony last …
Read More »Filling natural gas supply gap
Senegal and Mauritania have laid the groundwork to be front-runners in the mix to replace Russia to EU | NJ AYUK | Mauritania and Senegal have laid the groundwork necessary for BP, Kosmos, and their contractors to establish an offshore production complex, with development wells connected to a floating production …
Read More »Govt to give out gas cylinders to 1 million households
Busabala, Uganda | THE INDEPENDENT | The Government has launched the distribution of Liquified Petroleum Gas – LPG cylinders targeting one million households in a bid to promote safe and clean cooking. Launched Tuesday by Ruth Nankabirwa, the Ministry of Energy and Mineral Development in Bugo Zone, Busabala in Wakiso …
Read More »Russia to temporarily suspend gas supply via Turkish Stream pipeline
Moscow, Russia | Xinhua | Russian gas giant Gazprom announced Saturday that it will stop gas delivery via both strings of the Turkish Stream pipeline from June 21 to June 28 due to scheduled annual maintenance. The suspension was agreed in advance by all interested parties, Gazprom said in a …
Read More »Will Ugandan insurers benefit from oil, gas led growth?
Hoima, Uganda | THE INDEPENDENT | Insurance is a vital aspect of society and investors in Uganda’s Oil and gas sector will require some form of insurance against unforeseen risks. As the oil and gas sector shifts into the development stage, some are predicting that the insurance sector will emerge …
Read More »Oil and gas land acquisitions near completion
CNOOC’s work at the Kingfisher Development Area stand at less than 10 percent ahead of commercial oil production in 2025 | THE INDEPENDENT | Land acquisition a head of oil and gas developments in the Albertine region stands at 99%, according to the oil companies. But some of the land …
Read More »Tullow to stand with Africa on oil and gas investments
London, UK | THE INDEPENDENT | Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent. The Anglo-Irish Oil and gas operator has over 30 licenses across eight countries in Africa and South America. It was once the lead investor in …
Read More »Portuguese govt announces measure to cap gas price
Lisbon, Portugal | Xinhua | The Portuguese Council of Ministers announced on Friday a measure to halve the price of gas used for electricity production for both domestic and industrial consumers, who have been severely affected by this year’s electricity price inflation. The mechanism adopted by Portugal after negotiation with …
Read More »Putin eyes south, east as Russian energy supplies to west wane
Moscow, Russia | Xinhua |Â Russian President Vladimir Putin underscored the importance of diversifying energy exports as supplies in the western direction will be reduced in the foreseeable future. “Therefore, it is important to consolidate the trend of recent years: step by step, reorient our exports to the fast-growing markets of …
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