Local entrepreneurs remain cautious Kampala, Uganda | RONALD MUSOKE | Following the signing of the host government agreement with Uganda on the weekend of Sept.11, senior officials from the French oil major, Total, say they are now ready to move faster project activities that will ensure Uganda produces first oil …
Read More »Trouble for Rukutana
Will `God’ forgive him again? Kampala, Uganda | THE INDEPENDENT | Mwesigwa Rukutana, the Minister of State Minister for Labour who was arrested and remanded to prison on Sept.05 in relation to violence in the just concluded NRM parliamentary primary elections, is no stranger to the top and down of …
Read More »Government yet to grant Tullow sale of Ugandan assets
Uganda is yet to approve the multi-trillion shilling deal involving Total E&P and Tullow Oil since the two firms announced their planned transaction, three months ago. Kampala, Uganda | RONALD MUSOKE | In a statement delivered via a webinar during the national content supplier workshop on Aug.5, Total E&P Uganda …
Read More »Tullow Oil summons shareholders over sale of it’s stake in Albertine
Kampala, Uganda | THE INDEPENDENT | Tullow Oil has set dates for meeting its shareholders as part of the planned sale of its stake in the Lake Albert Development Project in Uganda. The company according to the UK rules issued a circular and notice for its general meeting relating to …
Read More »Local content legislation to boost local entrepreneurs
The law seeks to allocate at least 40% of sub-contracts in public procurement to local companies Kampala, Uganda | ISAAC KHISA | For quite a while, Uganda’s entrepreneurs have been lagging behind owing to the stiff competition from big foreign firms. But this could soon come to an end following …
Read More »CNOOC elects not to pre-empt Tullow sale of Ugandan assets
Kampala, Uganda | RONALD MUSOKE | Chinese oil firm, CNOOC, has chosen not to pre-empt Tullow Oil’s sale of its assets in Uganda to Total according to a statement published on May 28 on Tullow’s website. “Tullow Oil plc announces that CNOOC Uganda Limited (CNOOC) has informed both Tullow …
Read More »Tullow finally sells its Ugandan assets
Kampala, Uganda | RONALD MUSOKE | French oil super major, Total, will take over Tullow’s assets in Uganda’s Lake Albert Development project including the stake in the East Africa Crude Oil Pipeline following the recent conclusion of a sale and purchase agreement with the British oil firm. According to …
Read More »CNOOC’s Kingfisher project approved
NEMA’s approval paves way for construction of oil field facilities Kampala, Uganda | RONALD MUSOKE | Uganda’s environmental agency, NEMA, has approved CNOOC’s environmental and social impact assessment report for the Kingfisher project following ten months of scrutiny and evaluation. Dr. Tom Okurut, NEMA’s executive director issued the certificate of …
Read More »The paradox of Uganda’s oil curse
How our government built and has now almost destroyed the country’s oil industry THE LAST WORD | ANDREW M. MWENDA | Uganda’s upstream oil industry is dead. Ok, let me admit this is a bit of an exaggeration. It is more appropriate to say it is in a coma …
Read More »Delays in Uganda’s oil
Here are the likely impacts of delays in making the Final Investment Decision after seven postponements | CORTI PAUL LAKUMA | Yet again the final investment decision (FID) on oil production in Uganda was delayed in August 2019. The delay meant that the date for first oil had to be …
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