Tag Archives: gas

CNOOC’s work at the Kingfisher Development Area stand at less than 10 percent ahead of commercial oil production in 2025 | THE INDEPENDENT | Land acquisition a head of oil and gas developments in the Albertine region stands at 99%, according to the oil companies. But some of the land …

London, UK | THE INDEPENDENT | Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent. The Anglo-Irish Oil and gas operator has over 30 licenses across eight countries in Africa and South America. It was once the lead investor in …

Lisbon, Portugal | Xinhua | The Portuguese Council of Ministers announced on Friday a measure to halve the price of gas used for electricity production for both domestic and industrial consumers, who have been severely affected by this year’s electricity price inflation. The mechanism adopted by Portugal after negotiation with …

Moscow, Russia | Xinhua | Russian President Vladimir Putin underscored the importance of diversifying energy exports as supplies in the western direction will be reduced in the foreseeable future. “Therefore, it is important to consolidate the trend of recent years: step by step, reorient our exports to the fast-growing markets of …

Kampala, Uganda | THE INDEPENDENT | Contractors have been tipped on how to prepare and take up opportunities in the Oil and Gas sector. This was during the Uganda National Association of Building and Civil Engineering Contractors (UNABCEC) CEO Breakfast meeting at Hotel Africana  under the theme Contractors Readiness to …

Moscow, Russia | Xinhua | Ruble payments will be used more in Russia’s foreign trade, Kremlin Spokesman Dmitry Peskov said Sunday. “It is still a prototype system (of payments), but I’m confident that it will spread to new groups of goods as well, and it will play a larger role in …

Brussels, Belgium | Xinhua | The European Union (EU) is looking at ways to reduce its dependency on Russian gas, oil and coal, President of the European Commission Ursula von der Leyen said on Monday. To this end, the EU will accelerate its Green Deal, a roadmap for making the EU’s …

Washington, USA | Xinhua |  The U.S. national average for a gallon of regular gasoline hit 4.009 U.S. dollars on Sunday, the highest since July 2008, according to the American Automobile Association (AAA). The gas prices jumped 41 cents over the past week, following a surge in the oil prices …

Mentorship, access to finance and markets are on offer | THE INDEPENDENT | There are more opportunities that are being availed to small and medium enterprises as Uganda expects to have first oil in 2025. The Petroleum Authority of Uganda on Feb. 22 entered a partnership agreement with Stanbic Business …

With oil and gas production declines presenting newfound challenges for Africa, stakeholders are pushing for enhanced exploration to help mitigate this trend. Despite global calls to transition to renewable energy sources, Africa still needs its oil and gas reserves if it is to meet its development goals and make energy …