Tag Archives: oil

Secret dirty deals could end as govt signs transparency initiative Kampala, Uganda | RONALD MUSOKE | Uganda’s recent admission into the Extractive Industries Transparency Initiative (EITI) is a “step in the right direction,” according to local civil society. But many also remain cautious. Gerald Byarugaba, the extractive industries coordinator at …

COMMENT | Daniel Abowe |  Corporate Social Responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders during project implementation. It also refers to the corporation’s initiatives to assess and take responsibility for the company’s effects on environmental and social …

Kampala, Uganda | XINHUA | Global emissions of methane have reached their highest level on record, according to a study released by Stanford University on Tuesday. The findings are outlined in two papers published in the journal Earth System Science Data and Environmental Research Letters by researchers from the Global …

Kampala, Uganda | THE INDEPENDENT | Uganda’s dream to be an oil-producing country may not be realized until 2025, the World Bank has said. In its Economic Update report, the bank says “the sharp decline in world oil prices resulting from the COVID-19 crisis could delay oil sector investments in …

The current situation place the country’s businesses in a disadvantaged position compared to their peers in the region       Kampala, Uganda | ISAAC KHISA | Fuel consumers in Uganda could have been in a celebration mood as they reap benefits of reduced prices of the precious commodity that drives many economies …

Lagos, Nigeria | AFP |  Plunging oil prices and collapsing state revenues have seen Nigerian authorities vow an end to a controversial fuel subsidy scheme long criticised as a graft-ridden drain on public finances. But there are major doubts that Africa’s most populous country is finally ready to wean itself off …

A short reply to Mwenda and Co. COMMENT | Prof. Dr. Eng. KANT ATEENYI KANYARUSOKE | In one recent NBS program, President Yoweri Museveni talked about many things: health, economy, succession etc. On oil, which was only a small part of the interview, he gave his opinion on the refinery-pipeline …

  Kampala, Uganda | RONALD MUSOKE | Chinese oil firm, CNOOC, has chosen not to pre-empt Tullow Oil’s sale of its assets in Uganda to Total according to a statement published on May 28 on Tullow’s website. “Tullow Oil plc announces that CNOOC Uganda Limited (CNOOC) has informed both Tullow …

London, United Kingdom | AFP |  French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero oil market collapse. Andurand, the 43-year-old founder of London-based Andurand Capital who runs two multi-million-dollar funds, bet in February that the …

The President has revealed three things about Uganda’s oil sector that are depressing and illuminating THE LAST WORD | ANDREW M. MWENDA | In his interview with NBS television aired on May 11, President Yoweri Museveni revealed three things about Uganda’s oil sector that were depressing and illuminating. First he …