Members of parliament on the Committee on Natural Resources have asked government to prioritize the compensation and resettlement exercise of Project Affect Persons (PAPs) in the refinery and pipeline development project before kickoff. In a report on the Ministerial Policy Statement and Budget Estimates for financial 2015/16, the committee notes that government has already established
Nigeria resumes gas exploration in all marked national fields
Nigerian National Petroleum Corperation (NPP) has called on its partners in the oil exploration exercise to speed up the search for the oil in all marked reserve areas, with immediate effect. This follows a directive from Nigeria Minister of Petroleum resources Diezani Alison-Madueke in which he asked the cooperation not to “leave any stone unturned” in
Britain’s Tracerco funds Mobile labs to aid instant fluid flow detection onsite
Popular British company Tracerco has announced capital injection into the new mobile laboratories to boost its reservoir tracer technology to aid instant analytically testing of oil wells on onsite. Reservoir tracer process entails an examination of an oil well to determine the fluid flow during the oil drilling process According to the statement from the company,
American Noble Energy and Rossetta Resources announce merger
American renowned Oil and natural gas exploration and production company Noble Energy limited has announced acquisition of its minor rival Rossetta Resources Incl in a deal valued at $ 2.1 billion. In the concessions, Noble Energy will take over Rossetta’s stock including its net debts valued at approximately $1.8 million as of Mach 2015. The
Standard Chartered new financial adviser in Mozambique’s Multimillion gas projects
London based Standard Chartered Bank has been named new financial investment adviser in Mozambique State Oil and gas company Empresa Nacional de Hidrocarbonetos’, (ENH) in a highly competitive bid process Standard Chartered in a joint partnership with Mozambique’s largest bank Millennium BIM out competed several others including British multinational banking and financial services HSBC and local partner Banco Unico
Completion of Uganda’s oil refinery expected in 2020
The construction of Uganda’s oil refinery in the western district of Hoima and the 205 kilometer pipeline that will carry processed gas products to the prospective assembly point in Buloba, 14 kilometers out of Kampala will take close to five years, the contractor confirmed last week. Speaking at the Uganda Oil and gas convention, Andrey
Will Capital and Institutional investment in Oil and gas solve our economic woes
A World Bank pledge of a $ 600 million injection into the Uganda-Kenya gas pipeline construction deal went to the annals of history as among the major oil infrastructure investments in the region. As states in the East African Community (EAC) bloc move to tackle major economic challenges a head of integration, the oil and
Uganda Mining and Energy Conference: Oil and Gas Expo suspended
The second edition of Uganda Mining and Energy Conference and Exhibition (UMEC) that had earlier been planned to take place on May 20-21, 2015 has been postponed to a date yet to be communicated. The conference is a brain child of the Ministry of Energy and mineral development in partnership with AME Trade Limited, a
Mutebile’s take on volatility of oil prices and their effect on Uganda’s economy
This Speech by Prof. Emmanuel Tumusiime Mutebile, Governor, Bank of Uganda was delivered at the Dialogue on the Impact of Oil Price Volatility and its Implications for the Economy and for Macroeconomic Stability at Protea Hotel Kampala on February 25, 2O15 We bring you the full speech here below [toggle title=”Introduction” state=”open” ]Good afternoon ladies
Introduction
Introduction Just about the most important dilemmas in north america nowadays is going to be plan to legalize lighter medication or there are times recognized cushioned tablets – so named for inducing a smaller amount of unhealthy problems to your body compared with arduous medicine (Nordegren, 2002).