PAU statistics show that more than 11,054 Ugandans are currently employed in the oil and gas sector Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas sector has employed more than 11,670 people with local citizens taking more than 93% of the jobs at the end of May this year, …
Read More »Oil and gas driving demand for rental properties up
Kampala, Uganda | THE INDEPENDENT | Uganda’s property market is experiencing an increase in demand riding on the oil and gas development. The Independent caught up with Moses Lutalo, the managing director at Broll Uganda Ltd, a property management firm, for an interview on the developments in the rental space segment. …
Read More »‘Stop funding Oil and gas projects’
Climate activists pile pressure on World Bank Kampala, Uganda | RONALD MUSOKE | This year’s Spring Meetings of the World Bank that took place at the institution’s headquarters in Washington, D.C. from April 10-16 were dominated by demands from shareholders to reform and tackle contemporary challenges. And top on the list …
Read More »Over 200 Police personnel trained on Oil and Gas protection
Kampala, Uganda | THE INDEPENDENT | The Police management has passed out 270 Crisis Response Team (CRT) Police personnel after undergoing training on Oil and Gas protection. The group that was passed out on Friday includes 33 female police officers from the rank of Superintendent of Police to the Police …
Read More »French court rules in favour of Uganda’s oil industry
Kampala, Uganda | THE INDEPENDENT | A court in France has dismissed a case brought against TotalEnergies by activists who sought to halt oil and gas development activities in Uganda. The six nongovernmental organizations claimed that the projects being implemented by the energy company in Uganda and Tanzania violated the human rights …
Read More »Oil and Gas companies shunning local Industry – Insurers
Kampala, Uganda | THE INDEPENDENT | The oil and gas companies snubbed Uganda’s insurance industry when importing drilling equipment, which would have raised premiums worth more than one trillion shillings, according to a claim. Specifically, they point at the four drilling rigs that have so far been shipped into the country, …
Read More »Russian revenues from oil, gas business grow 28 pct in 2022
Moscow, Russia | Xinhua | Russia’s budget revenues in 2022 from the oil and gas industry increased by 28 percent or by 2.5 trillion rubles (36.4 billion U.S. dollars) from the previous year, Russian Deputy Prime Minister Alexander Novak said Monday. Despite sanctions by unfriendly countries, oil production in Russia amounted …
Read More »UN chief calls for taxation on windfall profits of oil and gas companies
United Nations | Xinhua | UN Secretary-General Antonio Guterres on Wednesday called for taxation on windfall profits of oil and gas companies to ease the impact of the energy crisis on the most vulnerable people. “It is immoral for oil and gas companies to be making record profits from this energy …
Read More »Meat, milk demand outstrips supply in Albertine region
Hoima, Uganda | THE INDEPENDENT | A preliminary study by Economic Policy Research Centre (EPRC) has revealed that as oil and gas developments kick off in the Albertine region, the demand for meat and milk has outstripped the supply. Tonny Odokonyero, a research fellow at the Economic Policy Research Centre (EPRC) …
Read More »Oil and gas companies must adhere to environmental standards: PAU
Kikuube, Uganda | THE INDEPENDENT | The Petroleum Authority Uganda-PAU says investors in oil and gas must adhere to environmental, social, and governance concerns or face hefty fines and penalties. The authority’s director of environment, health, safety, and security, Dr. Joseph Kobusheshe says that whoever is looking at opportunities in the …
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