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Jan 62 results
17:29
17:29

Oil Skills: A Number of Private Initiatives Cashing in gas 1

Uganda has 6.5 billion barrels of proven oil reserves. At the peak of the oil production, an estimated 167,000 jobs will be created, including specialized, skilled, semi-skilled, unskilled, indirect and induced jobs.
15:18
15:18

Tullow Pushes Up 2017 Revenue Expectations tullow oil 1

The company, one of the Joint Venture Partners in Ugandas Oil and Gas sector says it expects to have generated over USD 500 million 1.8 trillion Shillings of free cash flow, significantly exceeding the forecast at the start of the year.
11:56
11:56

Oil Discovery Changes Once Sleepy Hoima tullow oil company 7 1

When Uganda confirmed existence of commercially viable petroleum reserves in the Albertine Graben in 2006, the biggest question whether oil reserves would become a blessing or a curse to the country. Hoima, once a sleepy town and district has since the discovery of oil and gas been bustling with activity. The momentum has been higher this year with plans to construct an oil refinery and an international airport ahead of first oil by 2020.
17:02
17:02

Belgians Pick Interest in Uganda's Energy Sector tullow oil company 1 2

Belgiums interest in Ugandas energy sector is picking with a number of its investors looking into the possibility of taking up lucrative jobs in the oil and gas.
17:42
17:42

Tullow To Resume Drilling Along Disputed Ghana, Ivory Coast Border tullow uganda 1

The announcement came just few hours after an international maritime tribunal backed cleared Ghana of allegations that it was drilling for oil within Ivory Coast boundary cutting through lucrative offshore oil fields.
20:14
20:14

Total Chief Assures Uganda On Pipeline oil and gas sector 1

Patrick Pouyanne in a statement sent reassurance to Ugandas oil and gas sector saying there would be no impact on a plan to build the crude oil export pipeline from Uganda.
15:30
15:30

Stanbic Bank to Raise Capital for Crude Oil Pipeline ministry of energy 1 2 Top story

The two financial institutions are expected to help government of Uganda to raise over 12.6 trillion Shillings 3.55 Billion required for financing the 1,445km pipeline by the second half of next year. The pipeline will connect Hoima oilfields to the port of Tanga in Tanzania.
13:00
13:00

Govt Probes Nigeria's Oranto Petroleum Limited ministry of energy 2 1 Top story

The Petroleum Directorate says it is undertaking fresh due diligence on Oranto Petroleum Limited before the Nigerian oil company can be granted an exploration license. Robert Kasande, from the the Directorate Of Petroleum, says the government decided to do more due diligence on Oranto Petroleum Limited before it can be granted exploration licenses and production sharing agreements.
14:32
14:32

Report: Uganda Struggling In Oil Governance tullow oil 1

New index shows promise in some developing countries, but raises alarms over sovereign wealth funds and citizens freedom to hold governments to account
15:29
15:29

Nigeria's Oranto Enters Uganda Oil Sector tullow oil 2

The Uganda Oil and Gas sector is set for a new wave of activities as government begins granting oil exploration licenses to international oil companies.
13:45
13:45

Oil Could Save Uganda's Ailing Economy oil in uganda 1 2 Top story

Experts suggest that oil revenues could have a cooling effect in economic activity squeezed by slackening domestic demand and rising cost of finance.
16:32
16:32

COSASE Querries UGX600bn Tullow Oil Tax Waiver 3 1

The committee members noted that during the hearing several Civil Society Organizations-CSOs hinted on the settlement between Tullow oil and government in which, the oil firm was allowed to pay USD 250M as a capital gains tax instead of the previous assessment of USD 407M.
13:06
13:06

Civil Society Find Gaps in Oil Land Acquisition Framework environment 1 2

The appeal comes barely two months after oil exploration giants Total, CNOOC and Tullow developed Ugandas Albertine Graben land acquisition and resettlement framework bringing the country another step closer to exploiting its vast oil reserves.
12:39
12:39

Tullow Oil Posts Losses for Third Consecutive Year oil revenue 1 Top story

The loss means that Tullows revenue dropped by 21 per cent in 2016 to 1.2 billion dollars. The company in its full year 2016 results statement says it could cease being an operator in Uganda in 2017.
12:52
12:52

Oil Companies Spend Ugx 3 Billion Without Authorisation tullow oil 1 Top story

International Oil Companies spent over 3.6 billion shillings 1Million for exploration data without approval from government as required by the production sharing agreements. The money is a recoverable cost as per the agreement between government and Oil Companies.The 2016 Auditor Generals report says the failure to monitor and track costs may according to Auditor General result into International Oil Companies incurring costs which may not be approved as recoverable, which may lead to arbitration.
15:42
15:42

Tullow's Aidan Heavy Steps Down As CEO tullow oil company 1

AIdan Heavey has served as Tullows Chief Executive Officer for thirty one years will vacate the position in April and take over the position of non-executive Chairman of Tullow.
18:36
18:36

Oil Glut To Continue - Energy Agency cnooc uganda 1

The report says oil demand growth is slowing while supply is increasing. At the rate of increase in supply with low demand the International Energy Agency says the oil futures remain gloomy.
15:11
15:11

Total, Tullow Granted Oil Production Licenses tullow uganda 1

Government finally grants production licenses to Total EP and UKs Tullow. Total and Tullow have been waiting for the licenses in order to announce investments toward oil production in Uganda.
16:00
16:00

Nigerian, Canadian and Australian Oil Companies bid for Uganda Oil tullow oil 1 Top story

Nigeria, Australia, and Canadian oils firms take interest in Ugandas oil sector as government makes companies that have submitted bids for the Albertine Graben oil blocks.
00:17
00:17

Oil Companies delay $380 billion worth projects over low prices oil prices 1

The on-going downturn in prices is bothering some player in the global energy oil industry as a barrel of oil broke below 30 per barrel at the beginning of this week.
Jan 62 results