Tag Archives: oil

Today, confronted with deepening domestic strains and an increasingly contested global position, Washington has shed its veneer of moralism and is resorting more openly to naked force to impose its will on other countries. COMMENT | XINHUA |  Far from a triumphant display of strength and Western Hemisphere dominance as …

NEW YORK | Xinhua |  U.S. President Donald Trump on Friday promoted his plan of securing investment of at least 100 billion U.S. dollars to rebuild Venezuela’s oil industry in a meeting with U.S. oil company executives at the White House. Trump urged major U.S. oil companies to participate in …

CARACAS, VENEZUELA | Xinhua | After explosions rocked Venezuela’s capital, Venezuelan President Nicolas Maduro and his wife were captured and flown out of their country by the U.S. military on early Saturday to New York, leaving the country in a state of emergency. U.S. President Donald Trump insisted Sunday the …

Kampala, Uganda |  Xinhua |  Uganda has been racing to bring its oil and gas fields in the west of the country into commercial production, a long-awaited milestone that officials said could propel the East African nation onto a path of double-digit economic growth from 2026. Ugandan President Yoweri Museveni …

Critics have compared the offensive against Venezuela to the Iraq war, citing a familiar mix of regime-change rhetoric and security pretexts, whose fundamental aim is to serve Washington’s oil interests. BEIJING | Xinhua | Since late August, the United States has ramped up military presence in the Caribbean off Venezuela’s …

MOSCOW, RUSSIA | TASS | Uganda is interested in cooperation with Russia in the oil and gas sector, head of the International Legal and Social Affairs Department at the Ministry of Foreign Affairs of Uganda John Leonard Mugerwa told TASS. “Russia has extensive experience and expertise in the energy sector, …

 A total of US$2.2bn has gone to local firms, 17,000 jobs created & a skilled generation is ready for first oil Kampala, Uganda | JULIUS BUSINGE | As Uganda stands on the cusp of its ‘first oil’ in late 2026, the nation is witnessing a paradigm shift in its oil …

The combined investment value of the Kingfisher, Tilenga, and East African Crude Oil Pipeline (EACOP) projects now exceeds US$15 billion Kampala, Uganda | JULIUS BUSINGE | The Petroleum Authority of Uganda (PAU) has released a ten-year performance scorecard showing that of the US$7 billion in contracts approved to date, more …

South Sudan has relied heavily on pre-payments from oil traders and banks to fund its budget, but many such loans have fallen into arrears  London, UK | Jacob Atkins |   BB Energy has won a last-minute court judgement to prevent the government of South Sudan from selling an oil cargo worth at least US$20mn, due …

  Kyotera, Uganda | THE INDEPENDENT |  The East African Crude Oil Pipeline (EACOP) Ltd., in partnership with Rotary Uganda, has officially launched the EACOP Green Schools Initiative at St. Kizito Primary School, Kasasa Sub County, Kyotera District as part of EACOP’s Social Economic Investment Programme. The initiative aims to transform …