Tag Archives: oil and gas

NEWS ANALYSIS |  THE INDEPENDENT |  Uganda is expected to get USD 14.6 million (about sh55 billion) as capital gains tax on the sale of oil and gas interests in Uganda by Tullow Oil to French multinational oil and gas company TOTAL SE.  The long-drawn-out process of Tullow Oil exiting Uganda …

Kampala, Uganda | THE INDEPENDENT | Government has finally allowed Tullow to sell all its stake in Uganda’s oil and gas sector to French oil giant Total E&P. Tullow in a statement on Wednesday announced that the Ministry of Energy and Uganda Revenue Authority approved the deal valued at $575 million …

Kampala, Uganda |  THE INDEPENDENT |   Uganda should establish a prudent accounting system if the oil and gas resources are to benefit the country and its citizens. The call for transparency and accountability comes as the Petroleum Authority of Uganda commemorates five years.  The commemoration held virtually on Thursday under …

Kampala, Uganda |  THE INDEPENDENT |  Uganda is set to spend 8.07 billion Shillings in the next 18 months on different activities aimed at improving the governance of extractive industries in the country. The development follows the country’s admission to the Extractive Industries Transparency Initiative – EITI, a global partnership for …

Kampala, Uganda | THE INDEPENDENT | Ugandan companies earned a total of USD 943m (3.5 trillion shillings) in the exploration stage, the first phase of the oil and gas activities, the government has said. Ernst Rubondo, the executive director of the Petroleum Authority of Uganda (PAU) said the companies that …

Kampala, Uganda | THE INDEPENDENT | The entrance of Uganda to the Extractive Industries Transparency Initiative – EITI, a global partnership for mineral resources accountability has excited Civil Society Coalition in oil and gas. Uganda as a prospective oil resource mining country was early this month admitted into the EITI …

Kampala, Uganda | THE INDEPENDENT | Uganda’s application to join the Extractive Industries Transparency Initiative (EITI) has been approved, a move that is expected to make open the deals Uganda has signed with different organizations in the oil and gas sector and other natural resources. Uganda becomes the 54th member …

Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, United Bank for Africa Plc, has acted as Facility Agent Bank for the Nigerian Commercial Banks in a consortium with other international banks in a $1.5 Billion Pre-Export Finance Facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, …

Kampala, Uganda | THE INDEPENDENT | Uganda seems to be ready to make a final investment decision for her first oil and gas production, Dr. Eria Hisali, the Principal College of Business and Management Sciences at Makerere University has revealed. He said this during this year’s national oil and gas …

Kampala, Uganda | THE INDEPENDENT | Tullow Oil has set dates for meeting its shareholders as part of the planned sale of its stake in the Lake Albert Development Project in Uganda. The company according to the UK rules issued a circular and notice for its general meeting relating to …