Over 200 dies in Nigeria oil pipeline explosion

The number of casualties after an oil product pipeline explosion in Nigeria has reached 200 as people from local communities have gathered to protest the negligence of the Nigerian National Petroleum Corporation which, they allege to be the reason for the explosion. The pipeline exploded after it caught fire near the Aba Depot last week.

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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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Uganda ready for first oil – President Museveni

President Yoweri Museveni has refuted claims that Uganda oil production maybe overdue because of the slow policy implementation processes in the oil sector saying that all major decisions have been made to facilitate oil production. “What remains to be tested is the preparedness and readiness of you all and most especially the East Africans, our

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Uganda Postpones Oil-Refinery Start to 2022

The  Uganda oil sector may postpone oil production commencement from it’s oil refinery to 2022 due to delays in the project studies. This will put it two years ahead of  the set date of production of 2020 to 2022. According to Energy Minister Irene Muloni, the Front-end Engineering Design, or FEED which was supposed to

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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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