Tag Archives: gas

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 …

Moscow, Russia | Xinhua | 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 …

Kampala, Uganda | THE INDEPENDENT | Contractors have been tipped on how to prepare and take up opportunities in the Oil and Gas sector. This was during the Uganda National Association of Building and Civil Engineering Contractors (UNABCEC) CEO Breakfast meeting at Hotel Africana  under the theme Contractors Readiness to …

Moscow, Russia | Xinhua | Ruble payments will be used more in Russia’s foreign trade, Kremlin Spokesman Dmitry Peskov said Sunday. “It is still a prototype system (of payments), but I’m confident that it will spread to new groups of goods as well, and it will play a larger role in …

Brussels, Belgium | Xinhua | The European Union (EU) is looking at ways to reduce its dependency on Russian gas, oil and coal, President of the European Commission Ursula von der Leyen said on Monday. To this end, the EU will accelerate its Green Deal, a roadmap for making the EU’s …

Washington, USA | Xinhua |  The U.S. national average for a gallon of regular gasoline hit 4.009 U.S. dollars on Sunday, the highest since July 2008, according to the American Automobile Association (AAA). The gas prices jumped 41 cents over the past week, following a surge in the oil prices …

Mentorship, access to finance and markets are on offer | THE INDEPENDENT | There are more opportunities that are being availed to small and medium enterprises as Uganda expects to have first oil in 2025. The Petroleum Authority of Uganda on Feb. 22 entered a partnership agreement with Stanbic Business …

With oil and gas production declines presenting newfound challenges for Africa, stakeholders are pushing for enhanced exploration to help mitigate this trend. Despite global calls to transition to renewable energy sources, Africa still needs its oil and gas reserves if it is to meet its development goals and make energy …

No more begging for foreign financing that only would be awarded if we abandon fossil fuels COMMENT | NJ AYUK | For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry. To …

Local firms need to enhance their capital base and strengthen corporate governance to benefit from the nascent sector Kampala, Uganda | JULIUS BUSINGE | Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and …