The government of Uganda approved a ministerial request to issue Oil Production Licences to French Giant Total Uganda oil has learnt. According to a cabinet communique, government approved the Minister of Energy and Mineral Development request to issue three production for fields; Ngiri, Jobi-ri and Gunya under exploration area 1 of the Albertine Basin. “…approved
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
Tanzania in Final Pre-production well tests, expects first gas in mid-February 2016
Tanzania’s Kiliwani North-1 gas well is undergoing final well integrity tests a head of the first gas production expected in the in mid February 2016, the operator company Aminex PLC and Solo Oil have announced. The well tests and production preparation follows the signing of a Gas Sales Agreement (GSA) between the Tanzania Petroleum Development
French Oil Firm Total Attacks Ugandan Tax Using Investor-State Dispute Settlement (ISDS)
By Edward Ronald Segyawa and Frank Mulder…. The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year Uganda joins the rank of developing nations asking themselves: “Why have we ever signed this?” Earlier this year, the French oil company Total filed a request for
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
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
‘Maersk’ and ‘Africa Oil’ agree to Co-Own Onshore exploration Licenses in Kenya and Ethiopia
Danish Oil giant Maersk Oil has entered a farm-out agreement with Canadian based Africa Oil Corporation to acquire 50 percent stake in three of the latter’s onshore exploration licences in Kenya and a further two in Ethiopia. The exploration areas in question cover the Turkana region of northern Kenya and southern Ethiopia. According to a statement