Reuters CAPETOWN Tullow Oil Plc plans to make a Final Investment Decision (FID) on a new oilfield project in Uganda in early 2017, later than planned, Chief Executive Aidan Heavey said. Tullow, according to the earlier plans resolved to make FID on its oilfield in Uganda by the end of 2016 following major oil discoveries in
Global Witness finds gaps in Uganda first Oil exploration licensing round—See full statement
Statement by Global witness…. The Government of Uganda‘s decision to publish the companies shortlisted to bid for its latest round of oil contracts is an important step forward for transparency in the country. However, the organisation highlighted the need to carefully scrutinise companies’ environmental and social records, especially given the sensitive nature of the regions
Uganda shortlists 16 firms in First Oil exploration licencing round
Uganda Ministry of Energy and Mineral development concluded the evaluation process of the applicants of the first Licensing Round for Petroleum Exploration, Development and Production of six blocks in the oil rich Albertine graben. According to the permanent secretary ministry of Energy, Dr. Kabagambe Kalisa, Technical competence, Financial capability, Legal qualification and National content and
Oil and Development: Women Participation will redeem the falling Uganda Shilling
By James Muhindo…. The prevailing unprecedented depreciation of the Uganda shillings against the dollar has sent shock waves to every one of the four corners of the country. The situation is worsened by the fear that forth coming general elections are going to cause more damage, given the experience of a
Energy Ministry registers 17 multinationals for Oil exploration licencing
Uganda Ministry of Energy and Mineral Development has registered 17 companies for the Licensing Round for Petroleum Exploration, Development and Production of six blocks in the oil rich Albertine Graben. According to the Uganda Directorate of Petroleum , the Process of receiving the Request for Qualification ended on June 30, 2015. The Ministry registered seventeen valid applicants out
Tullow Oil affirms faith in Uganda and regional Oil sector
Tullow Oil plc has affirmed its business hopes and strength in the East African oil and gas industry in a latest statement that summarize recent operational activities and trading guidance of the new financial year 2015. The UK based Multinational noted that the legal and institutional investments in the region present a level playing field which
World is eagerly waiting for East Africa Oil and gas Fields—Expert
The Oil and gas reserves in the East African states of Uganda, Kenya, Tanzania and Mozambique, present unique investment opportunities which Multinational oil companies are eagerly waiting to tap into. Oil and gas analyst and regional general manager for Halliburton, Ramin Lakani said Lakani was speaking at the Oil & Gas Council’s 2015 Africa Assembly
Nigeria: New government to privatize Refineries and cut subsidy on imported fuel
The new Nigerian government is finalizing plans cut expenditure on fuel subsidies and privatize four of its low capacity refineries in the latest economic recovery attempt. A source in Nigeria’s new president, Muhammadu Buhari’s Transitional committee revealed to Reuters that members on the new Nigeria administrative body advised the president to cut the cost on
African Development Bank advise Uganda and Tanzania on oil revenue management
The African Development Bank has given fresh policy contributions and advice to new Oil producers on how to leverage oil, minerals and gas resources to improve human development and progress. The report that comes on a backdrop of research on national development policy frameworks in Africa, targets mainly East African states of Uganda, Kenya and
Oil and the Budget: Uganda to track new infrastructure projects in Oil and gas
In a bid to fast track the commercialization of oil and gas, Uganda has widened its infrastructure scope to include a speedy construction process of an air field in the Albertine graben in the new financial year 2015/2016. The revelations were made by Minister of Finance, Planning and Economic development Hon Matia Kasaija during the presentation