The Petroleum Authority of Uganda (PAU) insists that the oil and gas projects are being developed under close supervision of the authority and the companies are abiding by their internal, national, and international standards and policies. Hoima, Uganda | THE INDEPENDENT | US-based NGO, Human Rights Watch has urged the …
Read More »Bunyoro Kingdom tasks oil companies on plastic pollution
Hoima, Uganda | THE INDEPENDENT | The Bunyoro Kitara Kingdom has tasked oil companies operating in the region to put in place policies to ensure the conservation, and protection of the environment especially the fight against plastic pollution. Phillip Katahoire, the Kingdom’s Minister for External Relations says that the disposal, …
Read More »Heavy security deployment along Uganda-DRC border
Mpondwe, Uganda | THE INDEPENDENT | There is significant deployment of the Uganda Police Force (UPF), Uganda People’s Defense Forces (UPDF), and other sister security agencies, along the Uganda-DRC border in the Bunyoro sub-region. This follows an attack on Lhubirira Secondary School in Kasese by suspected Allied Democratic Force (ADF) …
Read More »Global oil demand to slow significantly by 2028
Kampala, Uganda | THE INDEPENDENT | The International Energy Agency (IEA) has released its latest medium-term market report, signaling a notable deceleration in the growth of global oil demand in the coming years. The Oil 2023 outlook shows that investment in clean energy is accelerating at a faster rate than …
Read More »Rubondo inspects Tilenga oil infrastructure ahead of drilling
Hoima, Uganda | THE INDEPENDENT | Earnest Rubondo, the Executive Director of the Petroleum Authority, is currently undertaking a three-day visit to the Tilenga project in the Albertine region, operated by TotalEnergies. According to sources within the Authority, the purpose of Rubondo’s visit to the Tilenga Oil Infrastructure is to assess their readiness …
Read More »OPEC+ adjusts output targets for 2024
Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Sunday agreed to adjust their overall production level to 40.46 million barrels per day (bpd) next year. The oil-producer alliance announced the decision in a statement released after …
Read More »Dangote launches $20bn oil refinery in Nigeria
Although it is a large crude oil producer, country has faced challenges supplying its citizens with refined oil products Lagos, Nigeria | AGENCIES | The world’s largest single train refinery was on May 22 commissioned in Nigeria. The $20 billion giant refinery was built by the Dangote Group which is owned …
Read More »Oil companies protest hiked food prices in Bunyoro
An egg is sold between shillings 300 and 500 in Kampala but some suppliers in Bunyoro region want to sell an egg to the oil companies at between shillings 1,000 and 1,500 Kampala, Uganda | THE INDEPENDENT | Companies working to develop oil and gas in the Albertine region are …
Read More »Newly commissioned Dangote Refinery to redefine Africa’s oil industry
Africa’s largest oil refinery goes live in Nigeria as the continent’s largest oil producer seeks to cut fuel importation costs. The refinery promises to turn Nigeria from a net importer to a net exporter of refined oil. SPECIAL FEATURE | BIRD AGENCY | In a ceremony attended by heads of …
Read More »Oil and gas financing debate
Banks are ready to finance the sector but with stringent conditions Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …
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