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Tag Archives: oil

Uganda’s Oil bonanza

By Ronald Musoke Excitement as estimate of Uganda’s oil reserves jump to 6.5 billion barrels On Aug.28, the government revised upwards the country’s petroleum resources by over 85% to about 6.5 billion barrels of oil initially in place. This was an upgrade of the 3.5 billion barrels of oil, which …

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Uganda signs Memorandum of Understanding with Oil firms

Uganda has moved another step closer to tapping its first oil by signing a memorandum of understanding[MOU] with all the oil companies currently involved in developing the country’s oil resources. The conclusion of the MOU which was signed on Feb.5 by the government and the Chinese National Oil Offshore Company …

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Battle for oil contracts

By Haggai Matsiko Total E&P’s Shs 3.9 bn industry survey revives debate on local content in the oil sector With local businesses crying foul over big oil contracts and jobs going to international companies and expatriates, oil companies are drawing strategies to improve their local content input. French oil giant …

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