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Tag Archives: oil

Global methane emissions soar to record high: study

Kampala, Uganda | XINHUA | Global emissions of methane have reached their highest level on record, according to a study released by Stanford University on Tuesday. The findings are outlined in two papers published in the journal Earth System Science Data and Environmental Research Letters by researchers from the Global …

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Uganda may not produce oil until 2025 – World Bank

Kampala, Uganda | THE INDEPENDENT | Uganda’s dream to be an oil-producing country may not be realized until 2025, the World Bank has said. In its Economic Update report, the bank says “the sharp decline in world oil prices resulting from the COVID-19 crisis could delay oil sector investments in …

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The Uganda oil debate

A short reply to Mwenda and Co. COMMENT | Prof. Dr. Eng. KANT ATEENYI KANYARUSOKE | In one recent NBS program, President Yoweri Museveni talked about many things: health, economy, succession etc. On oil, which was only a small part of the interview, he gave his opinion on the refinery-pipeline …

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The trader who called the 2020 oil crisis

London, United Kingdom | AFP |  French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. Andurand, the 43-year-old founder of London-based Andurand Capital who runs two multi-million-dollar funds, bet in February that the …

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US oil producers struggle to stay afloat in sea of excess

Van Horn, United States | AFP |  For the companies that drill the highest-producing deposit of oil and natural gas in the world, straddling the border between Texas and New Mexico, the crash in oil prices has led to spectacular losses. Craig Blair, the co-owner of the Capitan Energy oil and …

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