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Tag Archives: oil

Ugandan insurers make inroads in the oil and gas sector

Bulisa, Uganda | THE INDEPENDENT | Ugandan insurers are slowly making inroads in taking up risks in the oil and gas sector despite the challenge. By the end of 2023, Ugandan insurers were operating in the Tilenga, Kingfisher, and East African Crude Oil pipeline projects though there was an indication of …

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Oil and gas take a lion’s share of FDI into Uganda

Kampala, Uganda | THE INDEPENDENT | The value of foreign direct Investments (FDI) into Uganda grew by almost 80 percent in 2022, the bulk of the money going into oil and gas and related activities, this is according to the latest joint government report. The survey conducted by the Bank of …

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Angola announces exit from OPEC

LUANDA | Xinhua | Angola on Thursday announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), according to the Angolan government’s Facebook page. The decision followed a session of the Council of Ministers, which took place on the same day at the Presidential Palace in the national …

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Oil and Gas is a Matter of ‘Life and Death’-Kasaija

Kampala, Uganda | THE INDEPENDENT | Matia Kasaija, the Minister of Finance, Planning, and Economic Development has underscored the importance of Uganda’s oil and gas exploration, emphasizing an unwavering commitment to the project’s seamless progression. During a visit to the Kingfisher Development Area (KFDA) in Buhuka village, Kyangwali sub-county in Kikuube district …

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Art against big oil

Ina-Marie Shikongo deploys her art to protect the Okavango Delta ART | KATE OKORIE | Normally, seeing Ina-Marie Shikongo’s works in Dubai would seem incongruous; she is an activist whose layered textile designs convey powerful messages about climate action and the African continent. Dubai on the other hand, is a bastion of …

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‘Too late for new comers in Uganda oil sector’

Kampala, Uganda | THE INDEPENDENT |  Major contracts for construction activities for the Tilenga project have been awarded two years after a Final Investment Decision (FID) for the project was taken. The project is located in Bulisa and Nwoya districts and is led by TotalEnergies. Philippe Groueix, the Chair of …

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