Tullow Oil forecasts oil production boost in 2019

Tullow Oil, an Independent oil explorer has issued a statement confirming great hope in the new year 2019. The company believes for growth in its oil production by 10%. The statement was issued on Wednesday and Tullow based its claim on the successful drilling program at its Ghanaian assets. “Tullow is well-placed to deliver on

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Petrobras signs agreement to sell Petrobras Oil & Gas B.V.

Petrobras, following up on the release disclosed on 3/8/2018, announces that its subsidiary Petrobras International Braspetro B.V. (“PIBBV”) signed today a Sale and Purchase Agreement – “SPA”, related to the full sale of its 50% interest in Petrobras Oil & Gas B.V. (“PO&GBV”) to Petrovida Holding B.V., a company formed by the partners Vitol Investment

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Uganda, Kenya hold talks on oil and gas sharing

Uganda National Oil Company has held talks with Kenya National Oil Company and Kenya Pipeline Company on how the two countries can benefit from oil and gas discoveries. In the talk session hosted by the National Oil Corporation of Kenya (NOC) , the companies shared experiences and ways of maximizing the benefits that come with

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Noble Energy Stakes sold in Tamar field

Noble Energy has sold its 43.5% stake in Israel’s Tamar natural gas field, a week after announcing that it will fund a natural gas export deal with Egypt, according to reports. The Texas-based firm has sold all of its 40 million shares in the Tamar field for $4.26 each through the Tel Aviv Stock Exchange. The announcement

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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

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