Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. The most populous Arab nation is seeking to transform itself into a gas re-exporting hub on the doorstep of energy-hungry Europe, and
The number of casualties after an oil product pipeline explosion in Nigeria has reached 200 as people from local communities have gathered to protest the negligence of the Nigerian National Petroleum Corporation which, they allege to be the reason for the explosion. The pipeline exploded after it caught fire near the Aba Depot last week.
China has issued a new directive that will help to a new directive to curb on the growing cases of theft of oil and gas and sabotage of facilities, according to the Supreme People’s Court (SPC) press release. The document, jointly issued by the SPC, the Supreme People’s Procuratorate and the Ministry of Public Security
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
Noble Energy, Delek Drilling and Egypt East Gas Company have purchased a 39% stake in the Eastern Mediterranean Gas Company paving the way for Israel to begin exporting natural gas to Egypt, Noble announced in a press release. The Eastern Mediterranean Gas Company owns the subsea EMG pipeline that runs from the Israeli city of Ashkelon
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
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
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
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
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