Tag Archives: oil and gas

NEWS ANALYSIS | URN | When Uganda’s government and its joint venture partners reached the Final Investment Decision (FID) in February 2022, it marked the end of years of negotiations and the beginning of what many believed would be the country’s most transformative economic project. The agreement unlocked the development …

Kampala, Uganda | URN | As Uganda moves closer to commercial oil production, Energy and Mineral Development Minister Dr. Monica Musenero Masanza has challenged the country to look beyond oil revenues and focus on using the sector to build industries, create jobs and transform the economy. Speaking at the Uganda …

Kampala, Uganda | URN | Oil and gas players, including the government, have been urged to intentionally transform skills developed in the sector into a foundation for broader national industrial development. As the sector moves towards the production stage, some are wondering why more Ugandans are being skilled in oil and …

Kampala, Uganda | URN | The newly passed National Petroleum Policy 2025 is ushering in a new regulatory framework for the oil and gas sector as the country prepares to pump its crude oil from the ground. The Policy was launched by the Deputy Speaker of Parliament, Thomas Tayebwa, at …

Kampala, Uganda | URN | Nigerian oil and gas management expert, Abdulmalik Halilu, has urged Uganda to focus more on the post-first oil period, saying that that is where the main challenge could be. Halilu, the General Manager, Research, Statistics and Development of the Nigerian Content Development and Monitoring Board, …

Kampala, Uganda | Julius Businge | The Uganda Chamber of Energy and Minerals CEO, Humphrey Asiimwe, has lauded the government’s allocation of Shs 875.8 billion in the upcoming financial year towards mineral- based industrial development, including oil and gas. Speaking during the Civil Society Budget Advocacy Group’s (CSBAG) post-budget dialogue held …

The oil and gas industry is inherently high-risk, involving massive investments, operational hazards, and environmental concerns.   Kampala, Uganda | JULIUS BUSINGE | The Insurance Consortium for Oil and Gas Uganda (ICOGU) has emerged as a critical player in Uganda’s rapidly evolving energy sector, providing tailored insurance solutions to address the …

However, infrastructure gaps in remote mining areas continue to hinder resource accessibility and operational efficiency Kampala, Uganda | JULIUS BUSINGE | Uganda’s extractive industry marked a year of significant strides in 2024, with advancements in mining and oil and gas shaping the sector’s outlook. Bolstered by government initiatives, increased investment, and …

However, stakeholders emphasize the need to tackle challenges in taxation, technology, and skills development to unlock the sector’s full potential Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas industry is reshaping the nation’s economy, presenting unparalleled opportunities for local businesses and individuals. However, stakeholders emphasize the need to tackle …

The government has raised the budget allocation for the extractive sector by 92% to Shs961 billion for this financial year Kampala, Uganda | THE INDEPENDENT | Small and Medium Enterprises (SMEs) have been encouraged to bolster their operational capabilities to fully leverage opportunities within the oil and gas sector. This call …