Washington, U.S. | Xinhua | U.S. President Joe Biden on Tuesday announced the imposition of an energy embargo on Russia, banning U.S. imports of oil, liquified natural gas and coal from Russia over its ongoing military operations in Ukraine. “This means Russian oil will no longer be acceptable to U.S. ports,” …
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Brussels, Belgium | Xinhua | The European Union (EU) is looking at ways to reduce its dependency on Russian gas, oil and coal, President of the European Commission Ursula von der Leyen said on Monday. To this end, the EU will accelerate its Green Deal, a roadmap for making the EU’s …
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Washington, USA | Xinhua | The U.S. national average for a gallon of regular gasoline hit 4.009 U.S. dollars on Sunday, the highest since July 2008, according to the American Automobile Association (AAA). The gas prices jumped 41 cents over the past week, following a surge in the oil prices …
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Paris court petitioned as EAC court dallies Kampala, Uganda | RONALD MUSOKE | Several European environmental groups have filed a law suit in Paris against French energy giant, TotalEnergies, accusing the company of “misleading consumers about its efforts to fight climate change.” In May, last year, senior executives of the …
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Mentorship, access to finance and markets are on offer | THE INDEPENDENT | There are more opportunities that are being availed to small and medium enterprises as Uganda expects to have first oil in 2025. The Petroleum Authority of Uganda on Feb. 22 entered a partnership agreement with Stanbic Business …
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Masaka, Uganda | THE INDEPENDENT | Unidentified thugs have broken into the offices of Community Transformation Foundation Network-COTFONE, a Non-Government Organization that is helping persons affected by the East African Crude Oil Pipeline-EACOP project get compensation. Yisito Kayinga Muddu, the Programs Coordinator of COTFONE says that the thieves went away …
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Masaka, Uganda | THE INDEPENDENT | Local Council (LC5) Chairpersons of Lwengo, Kyotera, Rakai, Sembabule and Gomba districts have formed a coalition to push for government funding to monitor the oil pipeline activities and have uniform royalties like the districts of the Bunyoro region. The leaders including Ibrahim Kitatta, the …
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London, UK | THE INDEPENDENT | Tullow Oil says it expects a sh264 billion “earnout” from TotalEnergies after a Final Investment Decision for the Tilenga Project in Uganda and the East African Crude Oil Pipeline (EACOP) The Irish-founded company said in a statement on Wednesday that the FID taken by Total …
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With oil and gas production declines presenting newfound challenges for Africa, stakeholders are pushing for enhanced exploration to help mitigate this trend. Despite global calls to transition to renewable energy sources, Africa still needs its oil and gas reserves if it is to meet its development goals and make energy …
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Hoima, Uganda | THE INDEPENDENT | The Auditor General John Muwanga has urged adequate capitalization of the Uganda National Oil Company (UNOC) and its subsidiary companies to enable government commercial participation in the strategic oil and gas sector. According to Muwanga’s new audit report for financial year 2020/2021, a total …
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The Independent Uganda: You get the Truth we Pay the Price