The Uganda oil sector is likely to spend quite more money than the anticipated $4 billion for the construction of the Hoima-based oil refinery following the failure of the East African Community to buy the whole part of the share it was allocated. Although Total SA has taken up a total share of 10 per cent
Over 1000 Delegates to attend the 7th Annual Minerals Conference at Kampala Serena
Over 1000 government official from 40 countries around the globe have are expected to attend the 7th Annual Mineral Wealth from October 2nd- 3rd 2018 to be held at Kampala Serena hotel. The conference is organized by Uganda Chamber of Mines and Petroleum (UCMP) in partnership with the Ministry of Energy and Mineral Development through the Directorate of Geological Survey
Insurance companies form body to cover risks in Uganda oil and gas sector
Uganda insurance companies have formed a body that will extend insurance covers to the companies involved in the Uganda oil and gas industry The coordinator of Oil and Gas Uganda Insures Association, Ms Margie Lokowe, in an interview with Daily Monitor, said Uganda insurance companies have already formed a consortium in preparations of providing insurance
Uganda ready for first oil – President Museveni
President Yoweri Museveni has refuted claims that Uganda oil production maybe overdue because of the slow policy implementation processes in the oil sector saying that all major decisions have been made to facilitate oil production. “What remains to be tested is the preparedness and readiness of you all and most especially the East Africans, our
Uganda Postpones Oil-Refinery Start to 2022
The Uganda oil sector may postpone oil production commencement from it’s oil refinery to 2022 due to delays in the project studies. This will put it two years ahead of the set date of production of 2020 to 2022. According to Energy Minister Irene Muloni, the Front-end Engineering Design, or FEED which was supposed to
Ugandan Firms Collect Over Shs3 trillion from Petroleum Sector-Mr Dozith Abeinomugisha
The Petroleum Authority of Uganda Director of Exploration, Mr Dozith Abeinomugisha has revealed that 1000 Ugandan companies have collected a total sum of $873 million (Shs3.3 trillion) from the $3.318 billion (Shs12.6 trillion) invested in Uganda’s petroleum subsector over the last nine years. Appearing before Parliament’s Committee on Natural Resources, Abeinomugisha revealed that the companies provided civil works, environment
Uganda’s Oil only Benefiting the Rich Few-MP Thomas Tayebwa
Ruhinda North Member of Parliament (MP), Thomas Tayebwa, has decried parties in the Uganda oil sector to devise measures of inclusion of Ugandans saying that few are benefitting from the oil sector. During a session in which the House Committee on Natural Resources questioning officials from Petroleum Authority of Uganda (PAU) yesterday, Tayebwa said that
PPDA wants a share of 30 per cent oil contracts given to Ugandans
The Public Procurement and Disposal of Public Assets Authority (PPDA) wants the guidelines of at least 30 per cent of the oil and gas work given to local contractors so as to boost local capacity. According to Mr Benson Turamye, the acting PPDA executive director, the guidelines of 30 per cent of contract value works
Finalists Of the D CEO’s 2018 Oil and Gas Awards
D CEO has announced its Oil and Gas Awards finalists for 2018 from whom the winners will be chosen. The 2018 winners with be revealed at an exclusive awards event in October Tuesday, Oct. 30, at The Petroleum Club. The nominees were filtered basing on the CEOs, CFOs, and innovators who have helped to make
Total Commences Specialised Training of Welders in Albertine Region
Total E&P Uganda, the mastermind of the Tilenga and East Africa Crude Oil Pipeline Projects EACOP has started trainings on the first batch of students for the today welders training programme launched earlier this year. Over 200 students are targeted in the strategy and are to be divided into 8 groups of 25 for the 2G