The Government of Uganda through the Ministry of Energy and Mineral Development issued the bidding document to the 16 Qualified Applicants for the licencing round of six blocks. The bidding and competitive process will close on 15th January 2016 with submission of bids. The bidding document comprise of Request for Proposal, Model Production Sharing Agreement
Uganda to sign refinery deal in October as investors raise concern over land and roads
The government of Uganda expects to conclude the first negotiation phase of the 60,000 bpd refinery development project come October 2015 and embark on signing of the Final Investment decision Uganda Oil has learnt. The revelations were made by the Principal Engineer of the Refinery at the Directorate of Petroleum, Steven Enach at the closure
Experts advise Uganda to ‘go slow’ on Oil and gas investments
Uganda and other Prospective Africa oil producers should reconsider capital inputs undertaken at the upstream stage of the oil and gas industry, to insulate society from the economic mayhem this can create. The call was made at a stakeholders meeting organised by The Leo Africa Forum, an organization created to provide a platform for quality dialogues on
Uganda and Kenya agree to construct joint 1,380 kilometer crude oil pipeline
Uganda and Kenya have finally settled on 1,380-kilometre Crude Oil pipeline which will run from Uganda’s Oil rich Albertine graben through Lokichar basin in Northern Kenya to the coastal town of Lamu. The announcement of the agreement is a climax of a series of bilateral talks between the two countries in the respective regional northern
Find details about companies listed in first licensing round of Uganda oil exploration
Uganda Ministry of Energy and Mineral Development on July 1, 2015 listed 19 companies that had expressed interest taking up licenses to explore for oil in the Albertine graben. However, analysts have asserted that the nation’s oil and gas sector has failed to attract leading multinationals in the oil and gas industry. According to the observer
Uganda Prime Minister ask investors for cooperation in development of Oil Sector
Uganda Prime Minister Dr. Ruhakana Rugunda asked investors and major stakeholders in the country’s Oil and gas sector to work together in order to expedite the development of the sector. The Premier made the remarks at the joint meeting of the Policy Coordination Committee and the Oil and gas Technical working group. The two Policy
Uganda Ministry of Energy expert says Oil sector is attractive despite Oil price threats
In an article published by the New vision on May 7, 2015, investment experts cautioned Uganda to take careful strides as the nations looks to spending in the budding oil and gas sector. Experts observed that since the nation was entering a highly speculative and competitive market, it was prudent to observe major international oil industry
Tullow’s job cuts: it was only a matter of time
The people who are still employed by Tullow Oil have a reason to thank their God. The last couple of months have been months of uncertainty, speak of this thing they call Job insecurity. Certainly, the fate of many in Uganda, for example, must have remained hanging in balance until last week when Tullow Oil
Tullow oil cuts expenditures further as the global oil-price drop rages on
In November 2014, Tullow Oil PlC released an Interim Management Statement reviewing its capital expenditure. “In light of current oil and gas sector challenges including the commodity price environment, we are reviewing our capital expenditure and our cost base to ensure that Tullow is well-positioned for future success.” the Chief Executive Officer of Tullow Oil,
UMEC 2015 set to showcase Investment Potential in Uganda’s Mining Sector
In 2014, the estimates of discovered oil in Uganda rose from 3.5 Million to 6.5 Million Barrels. The recent revelation that Uganda was exploring areas like Karamoja and the Hoima Basin to find more oil, the hopes to embark on commercial output in 2017 and the new round of licensing in the sector scheduled to