Tag Archives: oil

Kampala, Uganda | THE INDEPENDENT | In the typical con artist meets investor that has become routine in Uganda, a Chinese tycoon was conned of billions of shilling in a scam where he was sold Uganda National Oil Company (UNOC) by some unscrupulous Ugandans. The Chinese investor ran to the government …

Sector players accuse government of granting the fuel importation monopoly to a Bahrain-based Company known as Vitol Bahrain E.C under the guise of strengthening UNOC Kampala, Uganda | THE INDEPENDENT | The Minister of Energy, Ruth Nankbirwa has tabled before parliament a bill to regulate the importation of petroleum products. …

Kampala, Uganda | THE INDEPENDENT | Former Finance Minister Prof Ezra Suruma is proposing a referendum to determine how the oil revenue should be utilized. According to Suruma, this is one of the ways Uganda can achieve social protection which involves preventing, managing, and overcoming situations such as poverty, poor …

Oil companies’ extravagant and reckless behavior evokes parallels with France’s Ancien Régime COMMENT | DICKENS KAMUGISHA | As a long-time advocate for human and environmental rights, I am terrified by the unprecedented frequency of extreme weather events. With each passing day, it becomes increasingly evident that we are in the midst …

Kampala, Uganda | THE INDEPENDENT | The oil and gas sector could suffer a setback following the expiry of the exploration licenses granted to Oranto Petroleum Limited (OPL). Oranto Petroleum has been operating in Uganda under two licenses for the Ngassa Shallow and Deep Play in Kikuube district in the …

Kampala, Uganda | THE INDEPENDENT | The Africa Development Bank has warned it is “a race with time” for Uganda to begin pumping its oil out of the ground or risk future losses. Edward Sennoga, Second Lead Economist for the AfDB’s East African office said there is an opportunity for …

Kampala, Uganda | THE INDEPENDENT | Petrol prices and global inflation are likely to tick higher again as the OPEC+ group of oil-producing countries will hold production at nine million barrels a day for the rest of the year. In Kampala, a liter of Diesel was at some pump station nearing …

Kampala, Uganda | THE INDEPENDENT | Subcontractors in the oil and gas sectors have been urged to ensure monthly contributions to the National Social Security fund. It is emerging that some of the companies that got part of the lucrative deals in the oil and gas development at Tilenga and …

Kampala, Uganda | THE INDEPENDENT | Uganda Chamber of Mines and Petroleum is running the third edition of 90 Days of Oil and Gas Media Campaign with the main objective of giving an update on the sector’s projects, emerging opportunities, challenges, and possible solutions. Under the theme, “Facts Behind Uganda’s Oil …

TotalEnergies starts drilling as activists pin their fading hopes on stopping pipeline Kampala, Uganda | RONALD MUSOKE | Drilling of production wells for both the Kingfisher and Tilenga oil projects has picked up pace in recent months ahead of first oil scheduled for 2025. “The drilling of production wells is proceeding …