Tag Archives: oil

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 …

Van Horn, United States | AFP |  For the companies that drill the highest-producing deposit of oil and natural gas in the world, straddling the border between Texas and New Mexico, the crash in oil prices has led to spectacular losses. Craig Blair, the co-owner of the Capitan Energy oil and …

COMMENT | Lamunu Petronilla |  The COVID-19 pandemic struck at a time when the Government of Uganda had made notable strides in the development of the oil and gas sector. These include establishment and the operationalization of key institutions like the Petroleum Authority of Uganda (PAU) and the Uganda National Oil …

Kampala, Uganda | THE INDEPENDENT | A deal in which Irish firm Tullow Oil sold all its interests in the Lake Albert oil project to France’s Total E&P has been hailed as a win for the country and all stakeholders involved. African Energy Chamber, a think tank on oil and …