Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic has set in motion the largest drop in global energy investment in history with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency said in a new …
Read More »Petroleum Authority gets new board of directors
Kampala, Uganda | THE INDEPENDENT | Energy and Mineral Development Minister, Dr Mary Goretti Kitutu inaugurated a new board of directors to the Petroleum Authority of Uganda. The new board which includes members from the old board is expected to steer the Authority for the next your years. This is the …
Read More »Fossil fuel and climate change
As pressure builds to phase out fossil fuels in Africa, African Business Magazine’s NJ Ayuk argues that we must not rob our continent of the benefits it can realise from oil and gas. Africans | THE INDEPENDENT | Pressure is building to phase out fossil fuels in Africa to fight …
Read More »Oil and gas sector faces huge truck driver deficit
Kampala, Uganda | THE INDEPENDENT | What if the oil and gas joint venture partners decided to begin oil production in the coming months, is the transportation sector in Uganda able to provide qualified truck drivers? The answer is no according to players in the transport and logistics sector. It is …
Read More »UNOC needs UGX 3 trillion for activities in oil sector
Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company- UNOC needs a total of USD 795 million (approximately 2.93 trillion) shillings to take part in upcoming oil and gas activities. Angella Ambaho Kariisa, a communication officer at UNOC, notes that as Uganda draws closer to the Final …
Read More »Equatorial Guinea energy minister hails Uganda’s oil and gas plans
Kampala, Uganda | THE INDEPENDENT | The Equatorial Guinean Minister of Energy Gabriel Mbaga Obiang has urged Uganda to stick to its oil and gas plans because they were “the best one can find anywhere in the world.” Uganda has said over the years that it will use its only …
Read More »Govt picks four companies for oil licencing round
Government has picked four companies to negotiate Production Sharing Agreements (PSAs). The Ministry of Energy and Mineral Development, in a statement, said evaluation of bids for the first competitive licensing round were complete and successful companies invited to negotiate Production Sharing Agreements (PSAs). The four companies are: 1. Armour Energy …
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