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Tag Archives: oil

Total sells Norwegian assets to Kuwait

Paris, France | AFP | French oil giant Total said Monday it has agreed to sell its remaining stake in a Norwegian oil field to Kuwait so that it can focus on its recent acquisition of Denmark’s Maersk Oil. “Total has signed an agreement to divest its remaining 15-percent interest in …

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IN THE INDEPENDENT: Why Museveni fired Isabalija

IN THE INDEPENDENT: Why Museveni fired Isabalija TOP stories in this week’s THE INDEPEDENT LAW From Kavuma to Owiny-Dollo: What next as Museveni’s cadre judges win? THE LAST WORD Museveni’s dilemma, Africa’s crisis : How the obsession with our internal weaknesses has obscured the international dimension of Africa’s problems. COVER …

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ANALYSIS: Whatever happened to East Africa’s oil boom?

Luke Patey | AFRICAN ARGUMENTS |  It was not long ago that East Africa was the shining frontier of the continent’s oil scene. Uganda sparked the rush in 2006 after wildcatters ventured deep inland and made Africa’s largest onshore discoveries in decades. And Kenya’s north­western Turkana region continued the run with new oilfields found …

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Equatorial Guinea gives President Museveni highest honour

Equatorial Guinea gives President Museveni highest honour Malabo, Equatorial Guinea | PPU | SATURDAY | The people of Equatorial Guinea have presented the highest honour of their country, the Great Collar of Independence Award, to Uganda President Yoweri Museveni who is on a 4-day state visit to the Central African nation …

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Stanbic, ICBC expose oil and gas opportunities

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC) have hinted that Uganda’s economy is set to reap big from oil and gas activities. Speaking at an economic forum organised by the two banks for the Chinese business …

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OPEC pumps more oil in July despite cut pledge: IEA

Paris, France | AFP | OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast further doubt on the cartel’s pledge to cut output to raise prices. In its monthly report on the global oil market, the …

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