Two joint partners in Kenya’s quest for oil in Turkana have quit the project, exerting new pressure on the main operator Tullow Oil, which has been unable to take the exercise off the ground after the British oil explorer ran out of cash. Africa Oil says it abandoned the Kenya
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Tullow Oil, the global independent oil and gas firm says it is to assume a 100% stake in Kenya’s South Lokichar Basin project. On Tuesday, Tullow Kenya said it has been informed by its two minority partners of their intention to issue notices of withdrawal from Blocks 10BB, 13T, and
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Energy Minister Ruth Nankabirwa hands over the exploration license to M/S Armour Energy Uganda (SMC) Ltd official (Left) as Finance Minister, Matia Kasaija looks on The Government of Uganda has earned US$ 2 million (about Shs7.44bn) from the second oil licensing round in the Turaco Block. While issuing the Production Sharing Agreement to M/S
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The East African Crude Oil project is seeking a 1.8-billion-dollar debt for construction to take off. The project has been estimated to cost between $3.5 billion and $4 billion, of which 60 percent comprises debt raising and 40 percent equity. Energy and Minerals Development Minister, Ruth Nankabirwa on Friday said
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Oil and gas giant Shell has reported a stronger than expected profit of $9.6bn (£7.6bn) for the first three months of the year. The figure was higher than the same period last year despite a slide in energy prices. Fossil fuel firms have been reaping record profits due to a
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Ali Ssekatawa, the Director Legal and Corporate Affairs at the PAU Uganda’s oil and gas sector is transitioning from exploration to development, with several flagship projects underway, including the Tilenga and Kingfisher projects. To support the growth and development of the sector, the Petroleum Authority of Uganda (PAU) is partnering
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The French oil major TotalEnergies has further affirmed its commitment to extract Uganda’s oil despite concerns by climate activists. The company has been under intense pressure to abandon the East African Crude Oil pipeline project as well as the Tilenga development project in the Albertine. TotalEnergie’s Chief Executive Patrick
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By Ali Ssekatawa On the cloudy afternoon of April 23, 2016, regional Heads of State of Uganda, Kenya, and Rwanda under the Northern Corridor Infrastructure Programmes (NCIP) cluster gathered at Commonwealth Resort, Munyonyo, for their 13th extra-ordinary meeting which will forever remain momentous. It is here that it was announced that
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Kaktikiro Peter Mayiga (c) flanked by PAU and UNOC officials The Prime Minister of Buganda, Charles Peter Mayiga has lashed out at those opposed to the development of Uganda’s oil project insisting Uganda has a right to exploit its mineral resources. The remarks were made during a recent courtesy call
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The EWURA_PAU_&EACOP team listen to a TotalEnergies supervisor at the Tilenga Industrial Park that will host the CPF The Energy and Water Utilities Regulatory Authority (EWURA) of Tanzania has applauded Uganda for its robust local content plans and management in the nascent oil and gas sector. EWURA regulates oil related
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