Tag Archives: oil

Budapest, Hungary | Xinhua | Payment in rubles for Russian gas is not a violation of European Union sanctions, Hungarian government spokesperson Zoltan Kovacs said on Saturday. “The EU so far has no common procurement of gas and oil for European countries. So as we speak, we still go by …

  COMMENT | TOM JOSEPH MUKASA | Following the full opening of our economy, one can now say, ‘the year started on a good note.’ But even better is the blessing of the Final Investment Decision (FID) by crucial players TotalEnergies, CNOOC, UNOC and TPDC in our oil and gas …

Lagos, Nigeria | Xinhua | The Nigerian Navy on Friday launched a special operation to stop oil thieves from further sabotaging the nation’s oil and gas installations. Awwal Gambo, the country’s chief of naval staff, who spoke at the launch of the operation, blamed the nation’s economic downturn on attacks …

Hoima, Uganda | THE INDEPENDENT | The government has launched the National Oil Spill Contingency Plan, a disaster preparedness and management framework, in case of an oil spillage incident in the industry. The plan is aimed at preventing or managing disasters that may arise when a liquid or semi-liquid petroleum …

Over 16 sectors have by law been ring-fenced for local companies. Transport, security, foods, beverages, hotel management and catering, human resource management, office supplies, fuel supplies, land surveying, clearing and forwarding, locally available construction materials and civil works COMMENT | ABDUL KIBUUKA | Sixteen years since commercially viable oil deposits …

Iran is fully prepared to supply whatever the market wants from Iran’s oil Tehran, Iran | Xinhua | The head of National Iranian Oil Company (NIOC) said Friday that Iran is ready to supply required oil for the world market and stabilize the prices, official news agency IRNA reported. The Iranian …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Tuesday announced the imposition of an energy embargo on Russia, banning U.S. imports of oil, liquified natural gas and coal from Russia over its ongoing military operations in Ukraine. “This means Russian oil will no longer be acceptable to U.S. ports,” …

Brussels, Belgium | Xinhua | The European Union (EU) is looking at ways to reduce its dependency on Russian gas, oil and coal, President of the European Commission Ursula von der Leyen said on Monday. To this end, the EU will accelerate its Green Deal, a roadmap for making the EU’s …

Washington, USA | Xinhua |  The U.S. national average for a gallon of regular gasoline hit 4.009 U.S. dollars on Sunday, the highest since July 2008, according to the American Automobile Association (AAA). The gas prices jumped 41 cents over the past week, following a surge in the oil prices …

Paris court petitioned as EAC court dallies Kampala, Uganda | RONALD MUSOKE | Several European environmental groups have filed a law suit in Paris against French energy giant, TotalEnergies, accusing the company of “misleading consumers about its efforts to fight climate change.” In May, last year, senior executives of the …