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British Oil firm Solo to widen investment in Tanzania despite half-year loss

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British based Solo Oil  said it will continue to actively assess new investment opportunities in Africa and elsewhere despite the oil market uncertainty. The company said its pretax…

Kenya to auction inaugural ‘Oil Exploration Licenses’ in 2017

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Kenya is planning to hold first oil exploration licencing in 2017, Uganda Oil has learnt. The National Oil Corporation of Kenya (NOCK) has invited bids from contractors to…

Analysis: How Oil and gas revenue expectations lured Uganda into ‘debt trap’

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ANALYSIS A decade of decadence has come to an end for African oil producers. International oil prices have fallen from last summer’s $100 per barrel highs, to averages…

Nigeria and Angola Oil industry more attractive than the rest of Africa—New report

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Nigeria and Angola present attractive growth and operational expansion opportunities for manufacturers in the offshore oil and gas paints and coatings market, according to a report by Frost…

Uganda to sign refinery deal in October as investors raise concern over land and roads

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The government of Uganda expects to conclude the first negotiation phase of the 60,000 bpd refinery development project come October 2015 and embark on signing of the Final…

Experts advise Uganda to ‘go slow’ on Oil and gas investments

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Uganda and other Prospective Africa oil producers should reconsider capital inputs undertaken at the upstream stage of the oil and gas industry, to insulate society from the economic…

Uganda Parliament approves Members of National Board of Petroleum

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Uganda Parliamentary Appointments committee approved the members of the new national Board of the Petroleum Authority. The Board of the Petroleum Authority vetted Dr. Jane Nambakire Mulemwa as…

Global Market Researcher release Tanzania Oil and Gas Strategic Analysis and Outlook to 2025

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Research and Markets, the leading research and consulting service providers for the oil and gas industry, recently published the “Tanzania Oil and Gas Strategic Analysis and Outlook to…

West African Policy makers want regional cooperation in extractive sector management

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Senior Policy-makers from across West and Central Africa called for greater regional cooperation and capacity development to support the effective management and governance of natural resources in their…

Oil and gas sector to lead Poverty reduction in Uganda and Kenya—Read Full report

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The huge oil and gas deposits in East African region if managed could be an important driver of economic development,  a recent survey says. The report titled “Oil…