Breaking

Archive

Jan 17 results
20:32
20:32

Government,Total, respond as Tullow's $900M Farm-Down Deal Flops tullow uganda pty 1 Top story

“We are therefore confident that as Tullow moves to re-initiate a new sales process, the JVPs will remain committed to fulfilling tax obligations” said Kasande in a statement. Total’s exploration & production President, Arnaud Breuillac in a statement said despite the termination of this agreement, Total together with its partners CNOOC and Tullow will continue to focus all its efforts on progressing the development of the Lake Albert oil resources. Tullow's Paul McDade’s statement said the Joint Venture Partners had been targeting a Final Investment Decision for the Uganda development by the end of 2019, but the termination of this transaction is likely to lead to further delay.
07:43
07:43

Construction of Crude Oil Pipeline To Affect 68 Heritage Sites-Report 1 Top story

The Environment and Social Impacts Assessment (ESIA) report singles out Kalyango Cultural Rock, Kyawagonya Cemetery in Lwengo district, Kanga or Rusheshe Cemetery in Kyotera district, Kituntu Cemetery and Katooke in Hoima district as some of the heritage sites that will be affected.
19:48
19:48

Albertine Men Fear Losing Wives to Oil and Gas Workers UNOC 1 2

They are asking oil companies to make special arrangements to ensure that their families are not disrupted when construction of the oil pipeline, refinery and related infrastructure begins.
19:51
19:51

Oil Spill: How Prepared Is Uganda And the Oil Companies? TOTAL E&P 3 1 Top story

The country is yet to finalise the National oil Spills Contingency Plan that would outline response in case of an oil spill on Lake Albert other lakes and Rivers.
18:49
18:49

National Oil Company Boss Josephine Wapakabulo Resigns Top story

In a letter dated May 13, 2019, addressed to the UNOC Board chairman Emmanuel Katogole, Wapakabulo writes that she intends to leave office 13 August 2019 – three years since she took on the role.
11:45
11:45

Fuel Prices: Uganda Oil Company Needs Strategic Reserves Storage crude oil prices 1 3 Top story

The national strategic stocks are supposed to be maintained at governments cost unlike the fuel reserves that are stocked by a commercial player running the Jinja Fuel Terminal on behalf of Uganda National Oil Company--UNOC. UNOC General Manager, John Bosco Habumugisha, says while the Jinja storage Terminal contracted to One Petroleum Uganda Limited OPL is intervening in the current fuel crisis, the government must provide funds for the storage of strategic stock for emergencies.
17:48
17:48

Oil And Gas Suppliers Database Update Goes Biannual 1

The change is to allow more competition in the sector by allowing more companies to seek for the lucrative jobs in the oil and gas sector
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.
11:01
11:01

Uganda Shines In Oil Sovereign Wealth Fund Investment 1

Ugandas Sovereign Wealth Fund has been hailed by several global groups interested in transparency and better management of natural resources.
18:45
18:45

Natural Gas Could Offer A Solution To Uganda's Energy Needs oil and gas sector 2 1

Marshal says Uganda only needs to acquire good technology and to cooperate with governments already experienced in natural gas to move the sector.
13:43
13:43

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

The rejected costs had been inflated by the companies in order to claim more money from government when oil production begins.
17:29
17:29

Uganda Leads Efforts in Extractives Industry Auditing tullow oil 3 1 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.
09:46
09:46

Government Yet to Approve Tullow, Total USD 900 M Deal tullow uganda pty 1 1

Total EP Uganda and Tullow entered into a package agreement in January 2017, under which Total was to acquire an additional 21.57 percent interest from Tullow in the Albertine Graben. It was anticipated that the over three trillion Shillings USD 900 million farm down deal would be sealed by mid this year with government approval.
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.
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.
15:49
15:49

URA Lawyer To Sue Parliament Over Oil Cash Bonanza oil bonanza 1 Top story

Ali Sekatawa, one of the beneficiaries of the controversial oil cash bonanza has threatened to petition court to stop government from implementing the recommendations of parliament on the matter. Abdu Katuntu, the COSASE Committee Chairperson, says those aggrieved by the report are free to go to court.
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.
Jan 17 results