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Feb 28 results
17:40
17:40

Tanzanian Delegation In Uganda For Crude Oil Pipeline Negotiation tullow oil company 1

inisters from United Republic of Tanzania are already in Uganda for Ministerial meeting to be held at Kampala Serena Hotel. The team includes, Dr. Adelardus Kilangi, Tanzanias Attorney General.
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 2 1

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.
07:15
07:15

Oil and Gas: Players Wary of Local Content Requirements tullow oil company 5 1 Top story

Several inward investors providing services to oil and gas sector are concerned about national participation and local content regulations being introduced by a private members bill soon to be tabled in Parliament.
07:25
07:25

British Investors Tipped On Uganda's Oil & Gas Opportunities oil and gas 1 2 Top story

The delegation hosted jointly by Stanbic Bank, the Energy Industries Council EIC and the British High Commission is led by Lord Dolar Popat, the UK Prime Ministers Trade Envoy to Uganda and Rwanda. It is the first of its kind from the UK in the energy sector.
16:23
16:23

Energy Minister Welcomes Tullow Farm-Down Notification tullow plc 2 1

The letter of notification sent early last week seeks governments permission to allow the planned sale of Tullows assets to proceed. Tullow Oil, in January this year, agreed to transfer 21.57 percent of its 33.33 percent interests in Lake Albert Development Project covering exploration areas 1, 1A, 2 and 3A to Total for a total consideration of USD 900 million 3.27 trillion Shillings.
17:20
17:20

Government to Commission Study on Water in Oil Production water contamination 2 1

Dr Callist Tindimugaya, the Commissioner, Water Resources Planning and Regulation says the study expected to begin before the end of the year, will also quantify the amount of water needed to have oil out of the ground.
11:12
11:12

Govt Under Spotlight Over Oil Environmental Laws oil exploration 2 1

.Oil industry players and environmental activists say failure to put in place a new environmental regulatory regime has exposed the countrys environment to danger. Reports indicate that NEMA is still stuck with a huge stockpile of mud cuttings from the drilling of oil which cannot be disposed off in the absence of disposal guidelines.
20:35
20:35

Oil Development to Cost Uganda UGX 71 Trillion crude oil 1 Top story

Petroleum Authority in Uganda Executive Director, Dr. Earnest Rubondo says the money is to be spent in the next three years.
18:58
18:58

Govt to Monitor Water Usage in Oil Production water shortage 2 1

A number of activists under the Water Governance Institute are expressing fear that communities living in Oil production areas may face water shortages when oil production commences. The activists say water may prove more of a hindrance during the oil production and development phase because of the large quantities required during the process.
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.
18:27
18:27

Former Minister Bumba: “I didn't Know I was Signing a Tax Waiver ministry of energy 3

In her testimony before the Committee, Bbumba said she endorsed the agreements without reading through because she didnt have expert knowledge on the Production Sharing Agreements.
16:27
16:27

CNOOC Seeks 50 Percent Stake in Tullow-Total Deal cnooc uganda 1

A statement from Tullow headquarters confirmed that CNOOC has notified Tullow that it has exercised its pre-emption rights under the joint operating agreements between Tullow, Total and Cnooc to acquire half of the interests being transferred to Total in Uganda.
16:37
16:37

Gov't Pushes Oil Refinery Completion Date to 2020 oil pipeline 1 1 Top story

Energy Minister Eng Irene Muloni says 40 companies expressed interest in the refinery after Russian consortium Rostec Global Resources pulled out. She explains that eight out of the 40 companies have been engaged and that three of the eight could be selected to take up the refinery work.
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.
15:17
15:17

Tullow Oil Suffers Revenue Decline tullow oil company 1

The oil exploration company Chief Executive says the company is still in position to move on. The decline has been blamed on the drop in international oil prices.
15:22
15:22

Tullow to Focus on Less Exploration over Oil Prices tullow oil company 1

Tullow says its share prices rose in 2015 in line with expectations but it will now focus towards developing already discovered oil across twenty two countries.
14:25
14:25

Heritage Oil loses Capital Gains Tax Appeal in London Court cnooc uganda Top story

The two entities ‘Tullow and Heritage Oil’ have been engaged in legal battles arising from a deal that was struck in 2010 which saw Tullow agree to pay £1.45billion to buy Heritage\'s assets at the Lake Albert basin. The basin is estimated to hold about one billion barrels of oil.
07:12
07:12

Tullow Ordered to Pay UGX 1trillion tullow oil company

However, in the ruling on the exemption, The Tribunal noted “that article 23.5 of the EA2 PSA is invalid under the tax laws of Uganda and therefore the applicants are not entitled to an exemption from the payment of the capital gains tax.”
08:09
08:09

Tullow Pays the Price for Delayed Project Approvals cnooc uganda

Tullow Oil Plc has announced that it would take a loss of 115 million US Dollars, approximately 295.2 billion Uganda Shillings, over delayed project approvals and failure to secure extensions on some exploration licenses in Uganda.
Feb 28 results