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Feb 13 results
13:21
13:21

L. Albert Oil Project Final Investment Decision Now Expected in June cnooc uganda 1 1

The government has been banking on the Joint Venture Partners, Tullow, China National Offshore Oil Corporation-CNOOC and Total to make a Final Investment Decision with regard to the project, to unlock value in the countrys oil and gas sector.
07:41
07:41

MPs Question Minister Muloni Over Oil Development Cash ministry of energy 1 3

The legislators expressed fear that most of the oil revenues could be taken by international oil companies currently licensed to produce oil in the Albertine Graben.
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.
13:43
13:43

Auditor General Rejects UGX 250 Bn Claim By Oil Companies tullow uganda 1 2 Top story

The rejected costs had been inflated by the companies in order to claim more money from government when oil production begins.
14:13
14:13

Government Seals UGX 7B Oil Deal with Australia's Armour cnooc uganda 2 1 Top story

Roger Creseey said his company is expected to commence work soon because it has some amount of money set aside for the work.
17:34
17:34

Australian Firm Gets Kanywataba Exploration License cnooc uganda 1

The signing of the Production Sharing Agreement and grant of Petroleum Exploration License will have Armour Energy Limited as a newcomer in Ugandas oils oil and gas sector. It is one of the three companies that made it to the last round of the first competitive licensing process which opened in February 2015.
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.
09:30
09:30

Government Shortlists Two Firms For US $4 billion Refinery tullow uganda 1 1

Energy Minister, Irene Muloni, says four companies had submitted bids from the project, but two of them were dropped. She declined to reveal the names of the shortlisted companies, saying they will announce the winner by the end of June.
13:06
13:06

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

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.
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.
07:10
07:10

Amount Of Uganda's Oil Grows Marginally cnooc uganda

The amount of oil Uganda can recover has grown marginally in 2014, according to Ernest Rubondo, the Commissioner, Petroleum Exploration and Production Department (PEPD). Uganda now boasts of 1.4 billion barrels of oil that is recoverable, up from 1.2 billion barrels. This, even after the available oil in the ground grew by 85 percent to 6.5 billion barrels. The amount recoverable means the oil Uganda can sell commercially and extract from the ground.
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.
13:00
13:00

Bigger Burden For Govt In Oil MOU cnooc 1

The larger burden of the MoU falls onto the government which is expected to construct a 60,000 barrels-per day refinery, approve the studies and surveys for an export pipeline and also to initiate discussions with neighbouring countries for the path of the oil pipeline. The three oil companies in return will give government’s refinery the right of first call on production volumes, supply crude oil for power generation and also endorse and support government’s refinery project.
Feb 13 results