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Tag Archives: oil

Govt expects FID in early 2020

Uganda woos new oil investors in Cape Town Kampala, Uganda | RONALD MUSOKE | Despite the current stalemate in the local oil and gas industry, the government remains optimistic that the joint venture oil companies involved in commercializing Uganda’s petroleum resources will reach a final investment decision before April, 2020. …

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Nigeria targets oil companies for a greater share of profits

Lagos, Nigeria | AFP | In a move Nigeria’s president hailed as a “landmark moment”, Africa’s largest oil producer approved legislation this week to bolster its share of revenues from international majors. The authorities say the amendment — heralded as the biggest change in decades to its production sharing deals — will …

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