Global witness rise Concerns about Environmental risks and Suitability of firms listed in Uganda Oil Exploration Licencing Round

Commending the government of Uganda for publishing the seven bidders for its first Competitive Oil exploration Licences, watchdog group Global Witness has expressed concerns about the environmental risks associated with oil activities in the listed Blocks. The Organisations in a statement says the areas identified for oil exploration are within environmentally protected areas in Virunga

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The ‘not so good’ awaiting Nigeria Oil industry amid the threat of falling prices in 2016

This coming year is shaping up to be a difficult one for economies that are disproportionately dependent on oil. This is especially true for Nigeria, where there’s a possibility of renewed conflict in the country’s oil-producing Niger Delta region, according to SBM Intelligence’s recently published “Nigeria in 2016” report. The global oil picture is stacked against countries like

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Tullow announce Farm-down in Kenya, expects to make Final Investment Decision in Uganda in 2017

British-African Giant Tullow Oil Plc has expressed optimism about the status of its development projects in East Africa saying it’s nearing Final Investment Decision (FID) The revelations are contained in the Company’s November Trading update, which details the current project status and the business projection of the last quarter of the company’s Financial year. Tullow

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