Tag Archives: oil

Investors will go through most of the over US$15 billion capital expenditure during this development stage | EMMA NAHAYO MUGIZI | At a recent meeting, Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda (PAU) described the progress of our organisation and the oil and gas sector in …

Lagos, Nigeria | AFP | The two men in the motorised wooden canoe look around warily as they leave a towering shipwreck in the Lagos lagoon, with the barrels of oil on board barely concealed under rags. The rusting hulk of iron and peeling paint has been battered by the …

  Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni’s meeting with the chief executive officer Total E&P could unlock stalled investments oil and gas sector. President Museveni and Total chairman Patrick Pouyanne met in mid-January to resolve issues that have delayed international oil companies from taking a Final Investment …

Kampala, Uganda | THE INDEPENDENT | Over 50 local insurers have received training on how to address risks related to Uganda’s nascent oil and gas sector. The training was conducted by Insurance Broker Minet Uganda Limited, together with its correspondent partner in the United Kingdom, AON. Uganda has six billion …

Kampala, Uganda | JULIUS BUSINGE | Insurance broker Minet Uganda Limited in partnership with AON from the United Kingdom, conducted an oil and gas training aimed at equipping insurers with knowledge about oil and gas risks. Around 40 insurance industry executives attended the workshop at Sheraton Kampala Hotel, the company said in …

Kampala, Uganda | THE INDEPENDENT | A Final Investment Decision (FID) for the Lake Albert Oil and Gas project is expected to be concluded by mid this year, according to Tullow Chief Executive Officer Paul Mcdade. The government has been banking on the Joint Venture Partners, Tullow, China National Offshore Oil …

How pressure on oil refinery, pipeline pushed Uganda to agree to end secret deals Kampala, Uganda | RONALD MUSOKE | For ten years, civil society has been trying and failing to push the government to join the Extractives Industries Transparency Initiative (EITI), a global mechanism that requires governments and companies …

Lagos, Nigeria | AFP | Nigeria, which elects a new president on February 16, is Africa’s most populous nation and leading oil producer but is dogged by poverty and insecurity. – People and penury – More than 190 million people live in the West African nation. The UN estimates it …

Kampala, Uganda | THE INDEPENDENT | Cabinet last week made a decision for Uganda to join the Extractive Industries Transparency Initiative-(EITI). Government Spokesperson, Ofwono Opondo said cabinet agreed to join the initiative as part government’s commitment to accountability and transparency in the oil and gas sector. Ofwono’s revelation drew minimal media …

Paris, France | AFP | A major deal allowing a company to drill for crude reserves in areas of the Democratic Republic of Congo bordering Africa’s largest protected rainforest may contravene the country’s own oil law, a watchdog said Friday. The transparency group Global Witness said that an agreement signed in …