Uganda’s oil and gas industry has last week got a boost by unveiling the first ever National Suppliers Database of more than 290 approved firms to supply goods and services. According to the Independent Newspaper, The companies can now be accessed on the Petroleum Authority of Uganda’s website www.pau.go.ug. The move is in fulfillment of
By AFP… Sparkling wine instead of champagne, companies cancelling their Christmas celebrations, unemployment soaring and real estate prices flagging: with crude prices plunging from record highs, Norway’s oil capital Stavanger is hungover after the party. “There you go, another rejection.” Roger Schurmeyer holds up the umpteenth job rejection letter he has received on his smartphone.
The Government of Uganda through the Ministry of Energy and Mineral Development issued the bidding document to the 16 Qualified Applicants for the licencing round of six blocks. The bidding and competitive process will close on 15th January 2016 with submission of bids. The bidding document comprise of Request for Proposal, Model Production Sharing Agreement
Cabinet has approved plans to open up six blocks in the Albertine Graben for licensing in the country’s first competitive bidding round. State Minister for Energy, Eng. Simon D’ujanga, informed parliament last week that preparations for this bidding round commenced after the new law was put in place and were now culminating with the submission
Amid-st the turbulent rage of the faltering oil prices Tullow Oil PLC has resolved to revise its investment priorities and focus on East Africa and Ghana in West Africa come 2015. In an Interim Management Statement issued on 12th November 2015 Tullow indicated that though exploration will remain a key part of the company’s future
Uganda’s Petroleum resources are now estimated to be at 6.5 billion barrels up from 3.5 billion barrels that was estimated in August 2012. According to a press statement of Kabagambe Kaliisa, the Permanent Secretary of the Ministry of Energy and Mineral Development that Ultimate Media has seen, the increase in the estimated petroleum resources is