Uganda has received seven bids for six oil exploration blocks offered in a licensing round and it plans to chose the winners and sign deals by the end of June, the Ministry of Energy and Mineral Development said . The firms that submitted bids are: Armour Energy Limited of Australia, WalterSmith Petroman Oil Limited of
The Unclear, so Clear as Uganda announces Considering Tanzania for Multi billion Dollar Crude Oil Pipeline Project
A latest communique from Uganda’s presidency suggests the country is currently working on the implementation of an earlier decision to have its crude oil export pipeline southwards to Tanga in Tanzania as opposed to Kenya. The statement relates to a bilateral meeting between Ugandan President Yoweri Museveni and his Tanzanian counterpart John Magufuli on the
Tanzania Announce discovery of additional 2.17 Trillion Cubic Feet of Natural gas near Capital Dar es Salaam
Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation’s total estimated recoverable natural gas reserves to more than 57 tcf, local media reported on Thursday. The onshore reserves were found at a field licensed to the United Arab Emirates’ Dodsal Group located at Ruvu
Uganda Energy Ministry Must expedite Implementation of National Local content Policy—Expert Local
By Dickens Kamugisha…. I would like to congratulate Ugandans for having successfully elected a president and their parliamentary representatives. To the winners and losers, I say we embark on the task of building the Uganda we want. Among these tasks is holding government accountable for its actions or lack thereof. Before we went to the
Giant Shell Enters Tanzania Gas Industry as nation warms up for Billions in Capital Gains Tax
The government of Tanzania is bracing itself to receive millions of dollars in capital gains tax following Shell’s acquisition of BG Group assets in Tanzania gas wells. The deal officially announced on February 22, 2016 amounts to $55 billion. BG Group Tanzania, with its partner Ophir Energy, has invested over $1 billion in a fast-track
Uganda Must be Smart to profit from both Challenges and Opportunities of the Oil Sector—Expert
By Silver Kayondo… Oil prices have plunged again after China and South Korea posted weak economic results, while fading prospects for a coordinated output cut by leading crude exporters to reduce over-supply continue to hurt the market. China’s manufacturing sector has contracted at the fastest pace since January 2012, adding to the pile of worries
Organizer extends date for African Women in Oil and Gas Congress to August 8-9, 2016
The Organizer of the African Women in Oil and gas congress, earlier slated for March 2-3, 2016 has announced extension of the event to August. The much awaited event is a brainchild of Mzanzi Training, a South Africa based fastest growing conferencing and training company. In an exclusive communication with Uganda Oil, Mzanza Marketing and
South Sudan and Khartoum to revise Crude Oil transit charges on prevailing prices—Official
South Sudan has revised Oil transit charges with its neighbor Sudan on the basis of prevailing crude oil prices, Officials have said. In August 2013 South Sudan agreed to pay to Khartoum $9.10 for the oil produced in Upper Nile state and $11 for that of Unity state which produces some 20% of South Sudan’s
South African giant Sasol gets approval to start Oil and gas field Development in Mozambique
South African giant Sasol announced it has obtained approval from the Mozambique government to commence development of Oil and gas fields, the company has indicated in a latest release. Mozambique according to the earlier findings by the Oil and gas journal in 2014, posted natural gas reserves o 100 Trillion cubic feet (Tcf), up from 4.5
Africa’s Major Oil producers Nigeria and Angola seek World Bank Financial support
By Agencies… Nigeria and Angola, Africa’s two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances. Nigeria has held exploratory talks with the World Bank on borrowing to help fund a record budget in 2016 but has not