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Feb 21 results
17:18
17:18

Gov’t to Generate UGX 18bn from New Oil Licensing Round oil exploration 1

Government has said the second round of oil licensing will generate more than 18 billion shillings for Uganda.
19:29
19:29

The Momentum For Uganda's Oil Is Building Says Total Boss tullow oil 1 3

TOTAL E&P Uganda Chairman and General Manager, Pierre Jessua told the Stanbic Enterprise conference they expect a final investment Decision expected in the coming months.
18:06
18:06

Tullow Ordered to pay $254 million in Ghana Rig Dispute tullow oil 1

The London Court order that Tullow, also operates in in Uganda as Tullow Uganda Operations Pty to pay Seadrill Ghana Operations Ltd. a contractual termination fee and other standby fees of estimated at 254 million in total.
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.
15:42
15:42

Govt, Buliisa Land Owners Strike Deal on Compensation tullow oil 1

Sources that attended the meeting say land owners have finally agreed to be paid 3.5 million shillings for an acre of land after hours of haggling. It appears, however, that political leaders from Buliisa had wanted the rates not below 20 million shillings.
07:23
07:23

Oil Companies Will Not Lower Standards for Unskilled Workers local content 1 3

Tullow Uganda General Manager Jimmy Mugerwa says the company and its Joint Venture partners will not accommodate ill-skilled employees.
18:31
18:31

Chinese Firm to Build UGX 17B Oil & Gas Training Facility in Kampala tullow oil 1 2 Top story

The facility located in Bugolobi targets to train 1600 Ugandans annually in drilling, specialized welding for the pipelines, refineries and environment safety skills among others.
17:29
17:29

Uganda Leads Efforts in Extractives Industry Auditing tullow oil 1 3 Top story

The absence of global guidelines and manuals for auditing the oil, gas and minerals have been singled out as one of the challenges for national audit offices also known as Supreme Audit Institutions to track costs and expenditures in the industry.
08:00
08:00

Oil Companies, Energy Minister Say 2020 Oil Production Target Realistic tullow oil 2

Ely Karuhanga, the chairman Uganda Chambers of Mines and Petroleum, says there is need for Ugandans to double their efforts to tap into the opportunities that will come with the oil production.
15:26
15:26

High Standards Limit Local Participation in Oil & Gas total uganda 2 1 Top story

Local businesses are yet to provide supplies to the oil and gas sector as the country prepares to start production in 2020. Patrick Kabahanga Mbonye, the Managing Director Q-Sourcing Limited, says many of the manufacturers need to adjust or fine-tune their production lines to suit required standards or lose out on the new opportunities.
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.
07:18
07:18

Tullow Sells Its Oil Stake To Total at $900 Million tullow oil 1 Top story

A statement by Tullow Oil Chief Executive Officer Aidan Heavy on Monday said Total will acquire a 21.6 per cent stake in the Lake Albert Development project.
13:32
13:32

Tullow Oil Further Reduces Capital Spending oil and gas sector 1 Top story

The business remains well funded and at the end of April 2016, net debt is estimated at approximately 4.5 billion and unutilised debt capacity and free cash at approximately 1.3 billion.The Groups 2016 forecast capital expenditure has been reduced from 1.1 billion to 1.0 billion following the identification of savings across the portfolio with further reductions expected.
07:24
07:24

Tullow to Appeal Order to Pay Shs1trillion URA tullow oil

Aiden Harvey, Tullow’s Chief Executive Officer in the statement stated that considering they started oil exploration when no oil was discovered, it was entitled to some incentives from government. He also said that for incentives provided, it was important that government honors them.
16:34
16:34

Total E&P to Apply for Second Oil Production License tullow oil 2

Loic Laurandel, the outgoing General Manager, Total E&P Uganda revealed that they would submit Field Development Plans (FDP’s) for the Jobi-Rii discoveries in the Paraa Discovery Area or Area Exploration 1.
14:19
14:19

Tullow Discloses Shs59bn Tax Payment to Uganda in 2013 tullow oil

In an unprecedented move, Tullow Oil yesterday evening published its 2013 Annual Report and unaudited accounts revealing taxes and royalties paid to governments where it operates. In its report, Tullow revealed paying $23million [Shs58.3bn] to the Ugandan tax authorities in 2013, down from $174.6m [Shs443.2bn] paid in 2012. In 2012, Tullow paid $141.8m to the Uganda Government as part of the Capital Gains Tax imposed by Uganda Revenue Authority after the sale of assets to Total and CNOOC.
06:54
06:54

Oil Companies Undecided Over Oil Export Pipeline tullow oil

Oil companies were initially for the export pipeline and against the oil refinery but were forced to accept the refinery project after signing an MOU with the government early this month, agreeing to back the government efforts for a refinery and in turn get diplomatic backing for their export pipeline project.
19:00
19:00

Elly Karuhanga To Step Down As Tullow Uganda President tullow oil

After serving as President of Tullow Uganda for the last seven years, the company has today announced that Elly Karuhanga will step down from this role at the end of 2013.
07:12
07:12

Petroleum Commissioner: Delay In issuing Oil Exploration Licenses Deliberate tullow oil 2

He emphasized that the policy provides for gradual licensing and giving out acreage for the entire unexplored areas.
Feb 21 results