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Tag Archives: oil

The long road to clean energy

Paris, France | AFP |  The vital transition to a zero-carbon economy is likely to be a long and rocky road. So-called green energy is booming, but not fast enough to curb climate change, which is accelerating at an alarming pace as oil, gas and coal consumption soar. – Booming renewables …

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Iran refutes US accusations over Saudi oil attacks

Tehran, Iran | AFP | Iran on Sunday dismissed US accusations it was behind drone attacks on Saudi oil installations, suggesting the United States was seeking a pretext to retaliate against the Islamic republic. “Such fruitless and blind accusations and remarks are incomprehensible and meaningless,” foreign ministry spokesman Abbas Mousavi …

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GOVT: Tullow Oil must pay all taxes due

Government, Total respond as Tullow’s $900M deal flops Kampala, Uganda | THE INDEPENDENT | Uganda’s Energy Ministry has stressed that Tullow must pay Capital Gains tax before it can be allowed to sell part of its stake to Total and CNOOC Uganda.  Tullow confirmed earlier Thursday that their Sale and Purchase …

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TOTAL committed to Uganda despite Tullow blow

Paris, France | THE INDEPENDENT |  Oil giants Total have re-affirmed their commitment to progressing the development of the Lake Albert oil resources, despite their Sale and Purchase Agreement (SPAs) with Tullow collapsing today. Tullow Oil plc announced earlier that it has been informed that its farm-down to Total and CNOOC will …

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Fossil fuels? Plastic? Trump says more is better

Monaca, United States | AFP |  President Donald Trump has seen the future and it is oil. And plastic. Where most environmental scientists and most US allies fear that overuse of fossil fuels is driving the planet into crisis, the US president spies only opportunity. In a speech on Tuesday to …

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Proscovia Nabbanja to head National Oil Company

Kampala, Uganda | THE INDEPENDENT | Uganda National Oil Company (UNOC) board of directors has appointed Proscovia Nabbanja as the acting CEO. The announcement comes after former CEO, Dr. Josephine Wapakabulo left office today. Nabbanja, 41, has been the chief operating officer upstream at UNOC. According to a profile on UNOC …

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