Following the slump in Oil and Gas prices, companies like Tullow Oil have been downsizing and if there is any time when it is hard to get opportunities in the Oil and Gas Sector, then such is the time. However despite the ‘evil times’ in the sector there are still opportunities that exist in the
When Ugandans query the constant upsurge in oil prices, they are often reminded by fuel dealers that the global oil price trends largely driven by the Middle East suppliers especially Saudi Arabia are the reason to blame. However, developments in the recent past suggest that the dealers only use the global oil prices as the
On 15th September 2014 Bunyoro Kitara Royal University opened its gates to its first lot of students. The University whose campus lies along Rukurato Road neighbours Karuzika the King’s Palace in Hoima and stands just opposite Hoima Public Library. From the conception of existence, the essence of Bunyoro Kitara Royal University has always been embedded
The government is in the process of entering another phase of oil deals in which they will sign Production Sharing Agreements with oil companies for the production of oil in given wells. Here are some of the five key considerations the government should make before sealing those deals. Confidentiality clauses Clause 36.1 of the 2012
The Government of Uganda achieved a better deal, at least in the financial sense, for its oil in the Production Sharing Agreements that the government signed in 2012. The terms of the 2012 agreement are far more financially beneficial to Uganda compared to the agreements made before 2008, a report by Global Witness, an Oil
Reuters Uganda’s Murchison Falls National Park is bisected by the majestic Nile river and boasts some of Africa’s wildlife treasures – elephants, lions and a rare giraffe sub-species. Beneath it lies another natural prize: oil. Now French energy giant Total has begun surveys to prepare for seismic tests in the national park, one of
While the Uganda oil and gas industry awaits a new licensing regime, the good news trickling in is that the next phase of licensing will shift from the open door policy to competitive bidding. This follows a freeze that was imposed on the sector a few years ago to enable the country enact the
Whilst Tullow Oil Uganda has every reason to celebrate after winning a $313m case against Heritage Oil, Heritage won’t back down just as yet; it is now considering the option of appealing the ruling. In his judgment, Mr. Justice Burton found in favour of Tullow’s indemnity claim for US$313 million in its entirety and
When Uganda started taking definite steps towards the exploration of its commercial reserves of oil, the reason why every citizen warmed up to the news was because of the opportunities that they expected to come with such a breakthrough. Yes, cases of corruption have been reported and that alone could be a cause for
Uganda’s government should expect to earn $50 billion on behalf of its 35 million strong population from reserves already discovered over the lifetime of the oil fields, Tullow said – almost three years’ worth of its $17 billion gross domestic product (GDP). Asked where the oil money might go, the Commissioner for Uganda’s Petroleum