Kampala, Uganda | THE INDEPENDENT | Uganda is expected to attract investments worth 3 billion dollars (10.6 trillion shillings) this year in the oil and gas sector alone as developments towards production in 2025 proceed. According to the Petroleum Authority of Uganda, PAU, investments in the sector were worth 500 million …
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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 …
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Kampala, Uganda | THE INDEPENDENT | China National Offshore Oil Corporation (CNOOC) has finally closed the long-awaited Final Investment Decision (FID) for the development of Uganda’s oil and gas projects in the Albertine. Energy and Mineral Development Minister, Ruth Nankabirwa stated that the Chinese confirmed that they have authorized an FID …
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Hoima, Uganda | THE INDEPENDENT | The discovery of oil in the Albertine graben is altering the socio-economic profile of a once-sleepy town of Hoima now dubbed as oil city. While the discovery of oil in Albertine has raised fear of a likely resource curse, some residents in Hoima and Buliisa …
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New boss determined to pump out Uganda’s oil in four years Kampala, Uganda | RONALD MUSOKE | Philippe Groueix took over from Pierre Jessua on Sept. 01 as the General Manager of TotalEnergies EP Uganda with one critical goal on his mind: commercializing Uganda’s oil resources by 2025. Uganda first …
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