Equity Group Holdings Plc Group Managing Director, and CEO Dr. James Mwangi (2nd R) and Proscovia Nabbanja (3rd L), the CEO of UNOC after signing the MoU Equity Bank Uganda and the Uganda National Oil Company (UNOC), Wednesday, signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas
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The Civil Division of the High Court in Kampala has declined to order an injunction against ongoing procurements in the oil and gas sector. Blocking the procurement would halt the ongoing efforts to develop the infrastructure needed to get oil out of the ground. The court in a ruling
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Retail prices of fuel in Uganda continued to rise early this week, mainly attributed to the persisting high global prices of crude and cost of transportation. The two market leaders Shell and TotalEnergies quoted a litre of petrol at 5,220 shillings while diesel stands at 4,800 a litre, an
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The prices of fuel products in Uganda will be determined by the market forces of demand and supply when the country starts producing its own petrol, diesel and kerosene or others. How much Ugandans buy petroleum products will, therefore, depend on what is happening around the world and, to a
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The first batch of bulk materials arrived at the project site-Hu Weijie By Gao Yi & Tian Yu The Uganda Investment Authority has awarded CNOOC Uganda Limited the FID (Final Investment Decision) Appreciation Award for the Lake Albert development project. The company has been ramping up efforts to develop the
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The National Oil Spill Contingency Plan was launched by PM Robinah Nabbanja (3rd Left) The Rt. Hon. Robinah Nabbanja, the Prime Minister of Uganda has urged entities charged with overseeing the oil and gas operations in the country to widely publicise the National Oil Spill Contingency Plan (NOSCP) that she
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Oil and gas shortages are predicted if Ukraine war continues The International Energy Agency (IEA) has urged countries to reduce on fuel consumption so as to meet deficits in supply which has been caused by Russia's invasion of Ukraine. IEA says the World may well be facing its biggest oil
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Oil spill can have a devastating impact on water bodies like Lake Albert where Uganda plans to get oil from. Photo Credit: UNEP The National Oil Spills Contingency plan has been finalized as Oil companies plan for more drilling in the Albertine Graben. We have reliably learned that the plan developed by
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Left-Ali Ssengero, displaying a petition and a copy of their family land title, and Right is Fred Lubow who was not considered for compensation yet his houses, graveyard, food plantations were affected Several families affected by the proposed oil pipeline project in Rakai and Kyotera districts want the government, Total-Uganda and the
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Russian President Vladimir Putin. PHOTO | AFP Oil prices broke past $100 and safe havens surged while equities tumbled Thursday after Russian President Vladimir Putin announced a "military operation" in Ukraine, accelerating fears of a major war. Markets have been hammered this week after the Kremlin recognised two breakaway regions
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