Tag Archives: oil

By Eriasa Mukiibi Sserunjogi New US law to expose details of Shs 1.3 trillion Tullow deal When Tullow Oil pays US$140 million (Approx. Shs 395 billion) to the government this month, it will mark the first time such a deal will have been struck without secrecy in Uganda. It will …

How angry Museveni letter got Tullow Oil bosses to act Kampala, Uganda |  The Independent Team |  It was an act of greed that “flabbergasted” even the President himself.  Wildcat oil explorer Heritage got paid US$1.5 billion (Approx. Shs 3.5 trillion or half Uganda’s 2010/11 national budget) for its shares in …

By Jocelyn Edwards Experts could demand renegotiation of Uganda’s PSAs In response to the June 29 tabling of the Petroleum Production Sharing Agreements (PSAs) by Energy Minister Hilary Onek, Rubanda West MP Banyenzaki says parliamentarians will seek expert analysis in order to determine whether or not they are fair to …

By Jocelyn Edwards Confronted by MPs at a petroleum governance workshop two weeks ago, Energy Minister Hillary Onek promised to table the Production Sharing Agreements (PSAs) with oil companies the very next Tuesday.When he did not appear in parliament that day, June 22nd, no one was surprised however. Government has …

By Joan Akello Shell exit They are small operators, without depots. Some are a single, stand alone service station while others belong to a group. They are called “small independents” because unlike the big oil companies like Shell or Total, they answer to nobody. Since Shell announced it was divesting …

By Agencies Ghana’s total revenue from the oil and gas find will represent less than five per cent of the country’s Gross Domestic Product (GDP), according to the Energy Minister, Dr Joe Oteng-Adjei. With the country’s current GDP at well over $18 billion, Dr Oteng-Adjei said the total revenue to …

By Agencies Uganda’s oil production target could more than double to 350,000 b/d by 2018 from the current target of 150,000 b/d in 2013 if the right business plan is adopted, according to Tullow Oil PLC. “When the oil basin is in full production, we are probably talking about 350,000 …

By Jocelyn Edwards Despite a setback last week, activists and journalists in the campaign for the release of Uganda’s oil Production Sharing Agreements (PSAs) vowed to continue fighting, striking against the walls of government secrecy until they fall. Two Daily Monitor journalists will appeal the decision of a Nakawa court …

By Independent Team Kenya mulls pulling out The Kenya government is weighing the fate of its plan, jointly with Uganda, to extend the oil pipeline from Eldoret to Kampala. It cites the escalating cost and the uncertainty around the project since Uganda discovered oil and started plans for an inland …

By Samuel Olara Uganda is in the midst of an ‘oil boom’ and continues to attract serious attention from the world’s major oil players. The ‘oil boom’ has predictably resulted in what appears to be “the global scramble for Uganda’s “crude gold filed”.Several international oil giants such as the Italian …