Oil pipelines planned in Kenya and Uganda to ferry crude from fields to port present opportunities for private financiers keen to gain a foothold in East Africa’s energy industry, the African Development Bank says. “Nobody has ever, ever lost money financing pipelines,” Gabriel Negatu, the Abidjan-based lender’s regional director for East Africa, told Bloomberg in
Total Promises Final Investment Decision for Uganda Oil Field by End-2017
Total’s President for Exploration and Production Arnaud Breuillac said that the French major is actively moving towards a final investment decision as early as end-2017 for its onshore oil project in Uganda. Breuillac’s statement comes on the backdrop of three production licences granted to Total E&P Uganda BV (Total’s subsidiary) by the government of Uganda
Total Vows to cut Investment Expenditure as Recovery Measure from the Oil Price Surge
French oil major Total SA, a key operator in Uganda’s leading oil projects said it would further cut investment and costs on its operations to retain profitability as it continues to counter the oil-price collapse. Patrick Pouyanné, Total’s chief executive, told investors and analysts he will pursue the strategy that has kept the company in the
Oil and Geopolitics: Reserves in the Indian Ocean are the Center of Kenya-Somalia Border Row
Kenya’s fight to hold on to potentially lucrative Indian Ocean oil and gas reserves, threatened by a maritime border spat with Somalia started at the UN’s top court in The Hague. The hearings, which are ongoing for a week are the first stage in Kenya’s battle against a 2014 claim by Somalia for the redrawing
Shell to Start Offshore Exploration Drilling in Tanzania by End of 2016
Oil major Shell is planning to start exploration drilling offshore Tanzania later this year, according to partner Ophir Energy. The US$20 million drilling program, due to start in Q4, will comprise two wells on Blocks 1 and 4 and target 1 Tcf of gas, says Ophir. Shell became operator on the blocks after taking over
Tanzania Private Sector Organize meet to Review Opportunities Available in Uganda Oil Pipeline Project
Tanzania businessmen are set to deliberate on the opportunities Uganda crude oil pipeline presents to the country as a way of strengthening local participation in the oil and gas industry. The workshop, organised by Tanzania Private Sector Foundation (TPSF) and Petro Fiorentini, expects to unveil opportunities available before, during and after pipeline construction. The organizers
Uganda Petroleum Authority Boss Appeals to Locals to Prepare for Opportunities in Upcoming Oil Exploration works
The Executive Director of The Petroleum Authority of Uganda Ernest Rubondo urged Ugandan local service providers to take up opportunities in oil explorations set to start in the country soonest. Speaking at a dinner organised by Oil and Gas service providers in Kampala, Rubondo said the new oil exploration works presents opportunities worth trillions of
Uganda Oil Production Licence Strengthens Total’s Strategic Position in East Africa Oil Sector
By David Lettis… The Ugandan government in late August awarded oil production licenses to Total SA, which should allow the company to begin activities required for future production. Total has made East Africa a primary focus for production growth, largely because of the immense Ugandan reserves. Here’s why Total seems so intent on beginning production activities
Organizer of East Africa Oil Summit Commends Regional Gov’ts for accelerating Development of the Sector
Significant onshore oil discoveries in Uganda and Kenya together with the huge offshore gas discoveries in Tanzania and Mozambique has made the region a world energy center of attraction Industrial experts said. The organizer of East Africa Oil and Gas Summit, Global Events and Partners (GEP) said “the speed at which regional governments are developing
Heritage Oil Ltd Says will Start Drilling in Tanzania’s Lake Rukwa Basin by End of 2017
Heritage Oil Limited through its Tanzanian Subsidiary Heritage Rukwa is set to start drilling its first experimental oil well in Tanzania’s Rukwa Rift Basin by the end of next year The citizen newspaper reported. The move comes after successful completion of exploration in the area according to the company Managing Director Jim Baban. Baban said