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Tag Archives: oil

Venezuela confirms U.S. decision to ease oil sanctions

Caracas, Venezuela | Xinhua | Venezuela confirmed a decision by the United States to ease oil sanctions, calling for a total lifting of the U.S. sanctions on the South American country. “The Bolivarian Government of Venezuela has verified and confirmed the news … that the United States of America has …

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EACOP: 41% of pipeline affected persons fully compensated

Hoima, Uganda | THE INDEPENDENT | At least 41 percent of the Project affected persons-PAPs under the East African Crude Oil pipeline-EACOP project have been fully compensated in Uganda. There are 3,648 project affected persons-PAPs under the EACOP project in Uganda. The 1,443km crude oil export pipeline will transport Uganda’s crude …

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Portuguese govt announces measure to cap gas price

Lisbon, Portugal | Xinhua | The Portuguese Council of Ministers announced on Friday a measure to halve the price of gas used for electricity production for both domestic and industrial consumers, who have been severely affected by this year’s electricity price inflation. The mechanism adopted by Portugal after negotiation with …

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Putin eyes south, east as Russian energy supplies to west wane

Moscow, Russia | Xinhua | Russian President Vladimir Putin underscored the importance of diversifying energy exports as supplies in the western direction will be reduced in the foreseeable future. “Therefore, it is important to consolidate the trend of recent years: step by step, reorient our exports to the fast-growing markets of …

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Contractors tipped on opportunities in oil, gas sector

Kampala, Uganda | THE INDEPENDENT | Contractors have been tipped on how to prepare and take up opportunities in the Oil and Gas sector. This was during the Uganda National Association of Building and Civil Engineering Contractors (UNABCEC) CEO Breakfast meeting at Hotel Africana  under the theme Contractors Readiness to …

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