Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering U.S. output capped gains. Brent crude futures LCOc1 rose as high as $50.10 but retreated to be up 38 cents or 0.7 percent at
Economical Photograph OF THE WORLD IN 200 Years and years FROM NOW
Economical Photograph OF THE WORLD IN 200 Years and years FROM NOW 200 years ago, the entire world was backward, analogue, and completely customary. Throughout the last 200 numerous years, humanity has continued to develop modern technology and improved upon a chance to draw out helpful aspects of mother nature herself. The world’s economic situation
Uganda appoints head of National Oil Company as Nation nears Commercial Production
Uganda announced the appointment of the chief executive of the National Oil Company in another step towards the implement the national local content policy. The Uganda National Oil Company (NOC) is established under the Petroleum (Exploration, Development and Production) Act 2013. Key of it’s mandated is to ensure an adequate, reliable and affordable supply of
Diversification Policy? Total acquires Major Oil and Gas installations in East Africa
French’s Total SA has acquired oil and gas installations in east Africa for an undisclosed amount, covering assets in Kenya, Uganda and Tanzania. The major acquisitions reportedly are in line with Total’s diversification policy, which focuses on building up logistics at a time when cost-profit equations have rendered extraction less attractive. The deal to acquire