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Tag Archives: oil

Angola announces exit from OPEC

LUANDA | Xinhua | Angola on Thursday announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), according to the Angolan government’s Facebook page. The decision followed a session of the Council of Ministers, which took place on the same day at the Presidential Palace in the national …

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Oil and Gas is a Matter of ‘Life and Death’-Kasaija

Kampala, Uganda | THE INDEPENDENT | Matia Kasaija, the Minister of Finance, Planning, and Economic Development has underscored the importance of Uganda’s oil and gas exploration, emphasizing an unwavering commitment to the project’s seamless progression. During a visit to the Kingfisher Development Area (KFDA) in Buhuka village, Kyangwali sub-county in Kikuube district …

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Art against big oil

Ina-Marie Shikongo deploys her art to protect the Okavango Delta ART | KATE OKORIE | Normally, seeing Ina-Marie Shikongo’s works in Dubai would seem incongruous; she is an activist whose layered textile designs convey powerful messages about climate action and the African continent. Dubai on the other hand, is a bastion of …

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‘Too late for new comers in Uganda oil sector’

Kampala, Uganda | THE INDEPENDENT |  Major contracts for construction activities for the Tilenga project have been awarded two years after a Final Investment Decision (FID) for the project was taken. The project is located in Bulisa and Nwoya districts and is led by TotalEnergies. Philippe Groueix, the Chair of …

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OPEC+ further cuts oil output amid falling prices

Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Thursday announced further production cuts for next year to bolster oil prices that have recently tumbled amid a weakening economic backdrop. Following a virtual meeting of OPEC+ oil …

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How activists lost EACOP case with costs

Kampala, Uganda | THE INDEPENDENT | The East African Court of Justice (EACJ) has dismissed with costs, a case in which environmental and human rights groups were challenging the construction of the East African Crude Oil Pipeline from western Uganda to Eastern Tanzania. The activists claimed that the heated crude …

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