NOBLE ENERGY

Noble Energy Stakes sold in Tamar field

Noble Energy has sold its 43.5% stake in Israel’s Tamar natural gas field, a week after announcing that it will fund a natural gas export deal with Egypt, according to reports. The Texas-based firm has sold all of its 40 million shares in the Tamar field for $4.26 each through the Tel Aviv Stock Exchange. The announcement

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Ugandan Firms Collect Over Shs3 trillion from Petroleum Sector-Mr Dozith Abeinomugisha

The Petroleum Authority of Uganda Director of Exploration, Mr Dozith Abeinomugisha has revealed that 1000 Ugandan companies have collected a total sum of $873 million (Shs3.3 trillion) from the $3.318 billion (Shs12.6 trillion) invested in Uganda’s petroleum subsector over the last nine years. Appearing before Parliament’s Committee on Natural Resources, Abeinomugisha revealed that the companies provided civil works, environment

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Finalists Of the D CEO’s 2018 Oil and Gas Awards

D CEO  has announced its Oil and Gas Awards finalists for 2018 from whom the winners will be chosen. The 2018 winners with be revealed at an exclusive awards event in October Tuesday, Oct. 30, at The Petroleum Club. The nominees were filtered basing on the CEOs, CFOs, and innovators who have helped to make

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Bunyoro demands for shares in Uganda oil company

The Bunyoro Kitara kingdom has requested government to give it some shares in the Uganda National Oil Company. According to the kingdom’s Prime Minister Andrew Kirungi Byakutaaga, their legal team is planning to draft a proposal to the parties involved to ensure that Bunyoro doesn’t miss out on the benefits of the oil sector. Byakutaaga

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Total

Total to boost its Nigeria output

French supermajor Total will increase Nigeria’s oil production by 200,000 bpd by the end of the year, a senior official from the local unit of the company said at an industry event, adding that the increase will come from the development of the Egina Deep project. “Our plan is to maintain aggressive exploration and appraisal

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Uganda soon to become an oil economy as Saipem receives permission to start refinery design tender

Uganda has increased its ventures into the Oil sector after permitting Italian-based firm, Saipem, to start studies in the technical front-end engineering design (FEED) of the refinery project.The directive was given by the Albertine Graben Refinery Consortium (AGRC),a scheme responsible for the design, finance, construct and maintainance of  the proposed oil refinery in Hoima District. The

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