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Tanzania acquires 5% interest in Kiliwani Project as signing of Gas Sharing Agreement pends

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KAMPALA Tanzania has acquired a 5% working interest into the mega Kiliwani North Development Licence (‘KNDL’) gas project as a fully paying partner, Uganda Oil has learnt. According to…

Somalia oppose United Nations’ move to freeze all oil deals

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NAIROBI The government of Somalia openly opposed United Nations’ move to halt all oil deals in the country as a way of curtailing insecurity in the horn of…

Nigeria secures Us$1.2 billion to finance Oil drilling projects

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The Nigerian National Petroleum Corporation (NNPC) has secured a US$1.2bn multi-year drilling financing package The money will be used for 36 oil wells under the NNPC and Chevron…

Global Witness questions UK Serious Fraud Office for neglecting Oil firm Case in DR Congo

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Statement by Global Witness Last month it was revealed that the UK’s Serious Fraud Office (SFO) would investigate a British oil company that had been making payments to…

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…