The sagging of Global oil prices have lead to a larger drop in Africa’s share of global oil production from 10.1% to 9.6% of the world’s total in the last year, a multinational professional services network, PWC has indicated in latest research . In a report titled: From Fragile to Agile, Africa Oil and gas
Global Witness finds gaps in Uganda first Oil exploration licensing round—See full statement
Statement by Global witness…. The Government of Uganda‘s decision to publish the companies shortlisted to bid for its latest round of oil contracts is an important step forward for transparency in the country. However, the organisation highlighted the need to carefully scrutinise companies’ environmental and social records, especially given the sensitive nature of the regions
Uganda shortlists 16 firms in First Oil exploration licencing round
Uganda Ministry of Energy and Mineral development concluded the evaluation process of the applicants of the first Licensing Round for Petroleum Exploration, Development and Production of six blocks in the oil rich Albertine graben. According to the permanent secretary ministry of Energy, Dr. Kabagambe Kalisa, Technical competence, Financial capability, Legal qualification and National content and
Uganda and Kenya agree to construct joint 1,380 kilometer crude oil pipeline
Uganda and Kenya have finally settled on 1,380-kilometre Crude Oil pipeline which will run from Uganda’s Oil rich Albertine graben through Lokichar basin in Northern Kenya to the coastal town of Lamu. The announcement of the agreement is a climax of a series of bilateral talks between the two countries in the respective regional northern
Tanzania President Jakaya Kikwete signs three laws to regulate Oil and gas sector
Tanzania president Jakaya Kikwete has signed into law three pieces of legislation intended to provide a regulatory mechanism to the nations Oil and gas industry. The new oil laws include; Petroleum Act 2015, The Tanzania Extractive Industries (Transparency and Accountability) Act,2015, and The Oil and Gas Revenues Management Act, 2015. Speaking at signing, the Tanzania
British offshore firm ‘Soma Oil and Gas’ on spot over fraud in Somalia
British oil firm Soma Oil and Gas paid gross sums to the Oil ministry in Somalia, to extend the Oil exploration contract it signed with the war-torn country in 2013, the United Nations Somalia and Eritrea Monitoring Group (“UNSEMG”) has revealed. Soma Oil & Gas is an offshore private UK company founded in 2013 to pursue
Uganda President meets Total executives over Crude oil pipeline construction
Uganda President Yoweri Museveni has held a meeting with Total’s Exploration and Production Africa Division Vice President Jabier Rielo over the development of a crude oil pipeline ahead of production in 2018. The meeting was also attended by the Minister for Energy and Mineral development Eng. Irene Muloni and the Permanent Secretary Ministry of Energy
Tullow Oil announce progress in East Africa oil fields as its revenues fall by 35% in half of 2015
Tullow oil plc has announced steadfast progress in its major development projects in East and West African oil fields despite decline in revenue in the first half of the year 2015. According to a statement from Tullow oil on the status of its operations, the company the has registered a fall in its revenue by 35%
Uganda defends abscence of ‘Super Majors’ in Oil and gas sector
The Principle Petroleum Officer at Uganda Ministry of Energy and Mineral Development Peninah Aheebwa has said that the absence of Super Majors in nations Oil and industry is not a sign of stagnation and ineffectiveness. Aheebwa was responding to criticism which appeared in the Observer newspaper following the listing of companies registered in the First Licensing
Uganda approves Environment framework for Oil exploration activities
The government of Uganda has endorsed a policy framework that will regulate oil and gas activities within the oil rich Albertine graben in line with internationally acceptable environment conservation standards. The government took the initiative to develop the Strategic Environmental Assessment (SEA) from 2010 to 2013. According to an official statement from the minister of