Tag Archives: oil

  Value retention is not just about contracts, it is about skills, jobs, and enterprise growth. More than 17,000 direct jobs have been created, alongside 39,567 indirect jobs. COMMENT | YUSUF MASABA | Uganda’s oil and gas story is often told through the lens of barrels, pipelines, and global energy …

Kampala, Uganda | THE INDEPENDENT | Tax experts have voiced concerns about the government’s failure to significantly increase domestic revenue mobilisation levels amid dwindling external assistance sources. Uganda’s domestic revenues have remained at around 13 percent of the economy’s value for years despite government efforts to increase the ratio to …

  COMMENT | DICKENS AMANYA | For a long time, petroleum (oil and gas) host districts have been clamoring for budget allocation to participate in oil activities as provided for under the petroleum policy. In spite of the loud cry, the 2025/2026 budget did not capture a vote for petroleum-related …

Hoima, Uganda | THE INDEPENDENT | Tour operators expressed mixed reactions about the development of oil and gas in the Albertine Graben. The Albertine Graben has 10 out of the 22 protected areas (national parks and wildlife reserves) in Uganda which are tourism destinations in Uganda. The region is also …

Shifting from dirty fossil fuels to cleaner renewable energy is the ultimate end goal under the global Just Transition campaign. But, Africa has another priority: eradicate energy poverty first. New cross-border oil and gas pipeline projects aim to do just that, as a way to support Africa’s unique transition to …

VIENNA, Austria | TASS | Oil and gas will continue to account for more than 50% of the global energy balance from 2024 through 2050, while oil alone is expected to contribute slightly less than 30% by 2050, according to the OPEC World Oil Outlook (WOO) long-term forecast. OPEC expects …

Experts say it is high time for Africa to look inward to blunt external vulnerabilities. Tensions between Israel and Iran are spiking oil prices and rattling African economies, with analysts warning of inflation surges and supply chain chaos while petrostates like Nigeria and Angola eye potential windfalls. SPECIAL REPORT | …

The cooperation agreement comes as Uganda faces questions over the readiness of its domestic oil infrastructure, particularly the proposed refinery in Hoima District Kampala, Uganda | THE INDEPENDENT | Uganda signed a tripartite agreement with Tanzania and Zanzibar to deepen regulatory cooperation in the oil and gas sector, as the East …

Beijing, Uganda | THE INDEPENDENT | Oil markets are undergoing structural changes as the key drivers of supply and demand growth of the past 15 years start to fade, according to the latest edition of the International Energy Agency’s (IEA’s) medium-term outlook. The new changes are out of the intensifying …

VIENNA,  | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) said on Monday it would keep its forecasts for global oil demand growth unchanged at 2.9 percent for 2025 and 3.1 percent for 2026. In its latest monthly oil market report, OPEC projected a year-on-year increase of 1.3 …