COMMENT | JAMES BYARUHANGA | On February 2, 2022, Uganda made a very significant step towards realising its first oil fortunes. We witnessed the announcement of the Final Investment Decision (FID) for Uganda’s oil and gas Projects by the Total Energies EP Uganda, CNOOC Uganda Limited, the Uganda National …
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Moscow, Russia | Xinhua | Russian President Vladimir Putin underscored the importance of diversifying energy exports as supplies in the western direction will be reduced in the foreseeable future. “Therefore, it is important to consolidate the trend of recent years: step by step, reorient our exports to the fast-growing markets of …
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Kampala, Uganda | THE INDEPENDENT | Investors in the Oil and Gas related business are crying foul over the attitude of Uganda commercial banks towards them when they approach them to finance their projects. The local investors, who are mainly Tier 2 and 3 contractors in the industry, say most …
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Kampala, Uganda | THE INDEPENDENT | Contractors have been tipped on how to prepare and take up opportunities in the Oil and Gas sector. This was during the Uganda National Association of Building and Civil Engineering Contractors (UNABCEC) CEO Breakfast meeting at Hotel Africana under the theme Contractors Readiness to …
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Budapest, Hungary | Xinhua | Payment in rubles for Russian gas is not a violation of European Union sanctions, Hungarian government spokesperson Zoltan Kovacs said on Saturday. “The EU so far has no common procurement of gas and oil for European countries. So as we speak, we still go by …
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COMMENT | TOM JOSEPH MUKASA | Following the full opening of our economy, one can now say, ‘the year started on a good note.’ But even better is the blessing of the Final Investment Decision (FID) by crucial players TotalEnergies, CNOOC, UNOC and TPDC in our oil and gas …
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Lagos, Nigeria | Xinhua | The Nigerian Navy on Friday launched a special operation to stop oil thieves from further sabotaging the nation’s oil and gas installations. Awwal Gambo, the country’s chief of naval staff, who spoke at the launch of the operation, blamed the nation’s economic downturn on attacks …
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Hoima, Uganda | THE INDEPENDENT | The government has launched the National Oil Spill Contingency Plan, a disaster preparedness and management framework, in case of an oil spillage incident in the industry. The plan is aimed at preventing or managing disasters that may arise when a liquid or semi-liquid petroleum …
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Over 16 sectors have by law been ring-fenced for local companies. Transport, security, foods, beverages, hotel management and catering, human resource management, office supplies, fuel supplies, land surveying, clearing and forwarding, locally available construction materials and civil works COMMENT | ABDUL KIBUUKA | Sixteen years since commercially viable oil deposits …
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Iran is fully prepared to supply whatever the market wants from Iran’s oil Tehran, Iran | Xinhua | The head of National Iranian Oil Company (NIOC) said Friday that Iran is ready to supply required oil for the world market and stabilize the prices, official news agency IRNA reported. The Iranian …
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