When Uganda started taking definite steps towards the exploration of its commercial reserves of oil, the reason why every citizen warmed up to the news was because of the opportunities that they expected to come with such a breakthrough. Yes, cases of corruption have been reported and that alone could be a cause for
Establish a supplier development fund to strengthen SMEs in the Oil Sector
One of the key preoccupations of the government is how to enhance economic production and eradicate poverty. However, the extent to which the government should get involved in driving economic production is a divisive matter. Both the supporters of government involvement and those against have very strong arguments to back their view points. A
Kenyan government to close East Africa’s only refinery before end of year
East Africa is on the verge of losing its only oil refinery, the Kenya Petroleum Refinery Ltd which faces eminent closure after the Kenyan government has considered plans to modernize it as untenable. The Kenya Energy Ministry says modernizing East Africa’s only crude oil processing facility is currently costing the economy Sh5 billion a
Tullow prioritizes disclosure takes tighter stand against corruption
One of the major highlights that shine out of the just released Tullow Oil plc’s Corporate Responsibility Report 2012 is the emphasis on disclosure a development the company believes will go a long way in clearing the company’s corporate image in light of the various accusations of corruption that the company faced in 2012.
40 firms want stake in Uganda’s oil refinery
Over 40 firms have expressed interest in the construction and operation of a proposed $3.2b refinery project, the acting minister of energy and mineral development disclosed yesterday. Peter Lokeris said his ministry is now evaluating firms to establish their technical competence and their financial strength before a decision to award the contract is made.
UWA deploys 430 new rangers to protect wildlife from destructive oil activities
Over the last one year Uganda Wildlife Authority has trained and recruited 430 new rangers with the chief mandate of monitoring oil activities and fighting poaching in the gazetted areas of UWA. The President of Uganda, Yoweri Kaguta Museveni commissioned the youthful rangers in April 2013 following a four month training that they had undergone.
Hoima to get science university
The government is set to establish a science university in Hoima district to train oil and gas related academic disciplines. This is a rare gesture that will go a long way in convincing some hardliners in the Bunyoro sub- region that the government is committed to ensuring that locals in the Albertine Graben benefit from
Tullow comopletes $2.9 billion farm down to Total and CNOOC
News Release Tullow Oil plc (Tullow) is pleased to announce that it has completed the farm-down of 66.6666% of its Ugandan licences to CNOOC Limited and Total for a consideration of $2.9 billion. The farm-down follows the recent signing of Production Sharing Agreements (“PSAs”) and the Kingfisher production licence with the Government of Uganda. Tullow,
Members of Parliament up in arms against government agreements with Tullow Oil
Members of Parliament are threatening legal action against the government and oil company Tullow oil for going against the Parliament resolution halting activities in the oil sector pending a new law and investigations into the sector. The government and Tullow Oil Company today signed two production sharing agreements and one production license to operate three
Tullow to sell stake to Total and CNOC after getting Production license and agreement from Uganda
The government of Uganda has finally award to Tullow Oil Company an oil production license for 400 million barrel kingfisher oil well found in western Uganda worth 1.5 billion US dollars. Tullow oil will now be able to resume oil activities in the region and especially sell two thirds of its its stake to Ferance’s Total and China’s CNOC. The long waited move