Uganda is yet to approve the multi-trillion shilling deal involving Total E&P and Tullow Oil since the two firms announced their planned transaction, three months ago. Kampala, Uganda | RONALD MUSOKE | In a statement delivered via a webinar during the national content supplier workshop on Aug.5, Total E&P Uganda …
Read More »Tullow Oil shareholders approve sale of interest in Uganda oil sector
Kampala, Uganda | THE INDEPENDENT | Tullow Oil plc (Tullow) shareholders have today approved its sale of the interest in Uganda’s oil industry, removing one of the key hurdles for the transaction to be concluded. Tullow Oil said in April that it had signed a deal to sell all its …
Read More »Time is ripe for Uganda to make final investment decision on oil resource-Mak don
Kampala, Uganda | THE INDEPENDENT | Uganda seems to be ready to make a final investment decision for her first oil and gas production, Dr. Eria Hisali, the Principal College of Business and Management Sciences at Makerere University has revealed. He said this during this year’s national oil and gas …
Read More »Tullow-Total deal a win for Uganda: African Energy Chamber
Kampala, Uganda | THE INDEPENDENT | A deal in which Irish firm Tullow Oil sold all its interests in the Lake Albert oil project to France’s Total E&P has been hailed as a win for the country and all stakeholders involved. African Energy Chamber, a think tank on oil and …
Read More »UNOC to invest $840m in oil and gas sector
Uganda discovered oil in 2006 but disagreements between the government and oil companies have stalled its development Kampala, Uganda | ISAAC KHISA | Uganda National Oil Company (UNOC) plans to invest $840million in joint infrastructure projects in the country’s oil and gas sector, said its Chief Executive Officer, Proscovia Nabbanja. …
Read More »Oil & Gas; Final Investment Decision delay sparks discomfort among CSO’s
Kampala, Uganda | THE INDEPENDENT | The delay in the announcement of the Final Investment Decision on the Uganda oil project is causing unease among civil society organizations in the Albertine graben. Uganda discovered approximately 6.5 million barrels of commercially viable oil deposits in the Albertine graben in 2006, raising …
Read More »Optimism and pessimism for oil sector in 2019
Kampala, Uganda | THE INDEPENDENT | The oil sector in 2019 was dotted with both sheds optimism and pessimism in equal measure. The year started with government pledge for transparency in the sector when it signed up to the Extractive Industries Transparency Initiative (EITI), much to the delight of civil …
Read More »Govt expects FID in early 2020
Uganda woos new oil investors in Cape Town Kampala, Uganda | RONALD MUSOKE | Despite the current stalemate in the local oil and gas industry, the government remains optimistic that the joint venture oil companies involved in commercializing Uganda’s petroleum resources will reach a final investment decision before April, 2020. …
Read More »Gov’t set to raid Petroleum Fund again
Kampala, Uganda | THE INDEPENDENT | Uganda government will once again withdraw money from the petroleum fund and use it to fund the 2019/220 financial year budget. According to Bank of Uganda, government will withdraw 445 billion shillings which will be transferred from the fund to the consolidated fund for …
Read More »50 certified Oil and gas welders passed out
Kampala, Uganda | THE INDEPENDENT | A batch of 50 certified welders for the oil and gas sector have been passed out. The training benefited welders from Nwoya, Masindi, Nebbi, Buliisa and Hoima, as well as the districts along the pipeline route, which include Kakumiro, Kyankwanzi, Mubende, Gomba, Sembabule, Lwengo …
Read More »