London based civil society campaigner, Global witness has tightened opposition against the government of Uganda’s decision to issue Oil Exploration licences for blocks within Lake Albert and surrounding areas. In a latest animated ‘call-for-action’ campaign video, Global witness highlights the level of environmental damage and social-economic risks associated with oil exploration activities in the smallest
Kenya and Uganda Officials to meet over Uncertain Pipeline deal
Kenya and Uganda officials are set to meet purposely look into the way forward for the much uncertain fate of the of Uganda Oil pipeline route, Kenya state Owned KBC television reported. The deal between the two nations fell on uncertain grounds after Uganda indicated it was considering having its crude export pipeline southwards to
Global witness rise Concerns about Environmental risks and Suitability of firms listed in Uganda Oil Exploration Licencing Round
Commending the government of Uganda for publishing the seven bidders for its first Competitive Oil exploration Licences, watchdog group Global Witness has expressed concerns about the environmental risks associated with oil activities in the listed Blocks. The Organisations in a statement says the areas identified for oil exploration are within environmentally protected areas in Virunga
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
Opinion: The Fall of Oil prices is an alarm Government of Uganda should not Ignore.
By Adellah Agaba Oil production is set to begin in 2017 and this has generated anxiety and expectations which are already a threat to peace in the country, not only to humankind but to the environment, economy and ecology. The discovery of oil and gas in any country worldwide causes impeccable excitement because it is
New Reservoir discovery makes ‘Africa Oil’ stronger in Kenya Oil sector
Africa Oil announced that the Etom-2 well in Block 13T in northern Kenya has discovered 102 metres of net oil pay. The company in a press statement indicated that Oil samples, sidewall cores and wire line logging all indicate the presence of high API oil in the best quality reservoir encountered in the South Lokichar
OPEC says Oil prices will recover by 2020
By agencies… Oil producers’ group Opec has said it expects oil prices to recover to $70 a barrel by 2020. Prices have fallen from more than $110 a barrel in the summer of 2014 to less than $37 a barrel now due to oversupply and slowing demand. But Opec said oil prices would begin to
Tullow Oil delays Investment in Uganda Oil Field, says Pipeline Route Must be decided before
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
Improve ‘Investment Environment’ to Seize opportunity in Oil—Expert advise new Africa producers
By Camillo Atampugre, Vice President for Oil and Gas Baclays Bank… The number and calibre of delegates set to attend the Africa Oil Week conference in Cape Town next week clearly show that the sector is top of mind for many on the continent and around the world. Africa’s potential for further oil and gas
Analysis: How The Oil Price Crash Will Make Markets More Efficient
By Michael McDonald. Oilprice.com BP CEO Bob Dudley recently came out making an interesting point regarding the silver lining from the fall in oil prices. Dudley notes that as a result of low oil prices, subsidies have been cut on many petroleum products around the world. This is important in that it creates a more