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Tag Archives: oil

Albertine fishermen demand involvement in oil and gas sector

  Kampala, Uganda | THE INDEPENDENT | Fishermen in the Albertine Graben are demanding involvement in the oil and gas sector. They argue that despite the improvement of various sectors like roads, Health facilities and Education, the fishing communities have been abandoned. Currently, the government and oil companies are implementing several infrastructures …

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Fuel protests turn deadly in Zimbabwe

Harare, Zimbabwe | AFP | Violent protests in Zimbabwe claimed lives on Monday as soldiers were deployed after the embattled government more than doubled fuel prices, sparking widespread anger. Protesters burnt tyres and barricaded roads while cars were torched as demonstrations turned violent in the capital Harare and Bulawayo, Zimbabwe’s …

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Zimbabwe’s president hikes fuel prices to tackle shortages

Harare, Zimbabwe | AFP | Zimbabwe’s President Emmerson Mnangagwa has announced an sharp increase in fuel prices in a measure to improve supplies as the country struggles with its worst petrol shortages in a decade. After years in international isolation, Zimbabwe’s economy has been on a downturn for more than …

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550 million barrels of oil discovered off Ghana coast

Accra, Ghana | AFP | Norway’s Aker Energy on Thursday said it had discovered oil in commercial quantities off Ghana, which the government welcomed as a potential boost to the economy. The oil and gas operator said exploratory drilling indicated an “estimated 450-550 million barrels of oil equivalent (mmboe)” in the Pecan field, 166 kilometres …

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Oil discovery boosts hotel industry in Hoima

Kampala, Uganda | THE INDEPENDENT | An influx of businessmen and investors in oil related activities has pushed up the demand for accommodation in the Albertine Graben. The area is now attracting more investments from companies and individuals seeking to tap into the Oil and Gas industry. Investors from both within …

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Oil companies recoverable costs hit $483m in 2018

Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda (PAU) has approved US$483 million, equivalent to 1.7 trillion Shillings as recoverable costs by five oil companies. The companies are Tullow, Total, China National Offshore Oil Company (CNOOC), Armour Energy and Oranto. According to Ernest Rubondo, the Chief Executive of …

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Fresh wrangle threatens proposed Kampala Oil Terminal

Kampala, Uganda | THE INDEPENDENT | The planned construction of the Kampala Oil Terminal has suffered a setback as a result of a fresh land conflict pitting the government against one Gideon Kabuye Kirumira. The land, measuring 299 acres in Kiringente Sub County, Mpigi district, was identified in 2007 as a …

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Gov’t revises Oil volumes to six billion barrels

Kampala, Uganda | THE INDEPENDENT | The amount of crude oil so far discovered is six billion barrels, down from 6.5 billion barrels, the Uganda government has announced. Of the six billion barrels, the amount recoverable has also been put at 1.4 billion barrels, down from the initial range of between …

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