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
Total embarks on comprehensive resettlement plan in Albertine Graben
Total in conjunction with Tullow Uganda Operations PTY Ltd have issued an invitation to contractors to carry out a comprehensive Resettlement Action Plan (RAP) for the oil and gas development project in Nwoya, Buliisa, Masindi, and Hoima districts in the Lake Albert Basin. Total is the operator of Exploration Area 1 and 1A in Uganda
The 2012 Oil Contracts: a good financial deal for Ugandans but without human rights and environmental safeguards
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
Conrad Nkutu appointed Tullow Oil Corporate Affairs boss
Daily Monitor Former Monitor Publications Limited Managing Director, Conrad Nkutu, has been appointed Tullow Oil Uganda’s Head of Corporate Affairs, a position that will see the veteran media manager join the oil and gas giant’s senior management team. Mr Nkutu officially reports for duty on Monday, July 1, 2013. A press release
Heritage mulls over possible appeal after losing case to Tullow
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
Applications for Tullow Oil Scholarships for the 2014 intakes to open soon
For those that are searching for a career in the oil sector, this could be the perfect timing for you to begin scheming for the Tullow Oil Scholarships that will opened at the end of this year. “The application process for next year’s (2014) intakes will open at the end of 2013,”read a statement on
Uganda Revenue Authority compliance campaign spreads to extractives sector
It is arguably the next industry that every Ugandan is observing; and for Uganda Revenue Authority, the mining and quarrying industry is one to court. In a stakeholders’ engagement held at Silver Springs hotel in Bugolobi, Patrick Mukiibi, the Commissioner Tax Investigations, noted that the engagement was organised to educate the participants from the
Oil industry creating business opportunities in Uganda
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 to earn $50 Billion from discovered oil reserves
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
Tullow prioritizes disclosure takes tighter stand against corruption
One of the major highlights that shine out of the just released Tullow Oil plc’s Corporate Responsibility Report 2012 is the emphasis on disclosure a development the company believes will go a long way in clearing the company’s corporate image in light of the various accusations of corruption that the company faced in 2012.