A new wave of oil and gas developments is expected in the Albertine Graben’s Tilenga project valued at over two billion dollars while the deal was awarded to foreign firms, Ugandans can still cash in. The participation of Ugandans depends on how prepared to take advantage of the local and
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Uganda Petroluem Authority Board Chairperson Dr. Jane N. Mulemwa Muleme (L) chats with Total E&P Uganda General Manager Pierre Jessua at the Tielnga Project EIA public hearing Uganda Genera Manager Pieere Jesua (C) Total E&P Uganda has signed five packages for drilling of oil wells in Nwoya and Bulisa districts
Read MoreCompanies Commence Verification After Second Oil Licensing Targets Previously Abandoned Blocks
New companies intending to invest in the exploration of Uganda’s oil and gas industry starting next year, have embarked on the tour of the oil fields that the government has put up on the market. The four companies shortlisted for the final round of the second competitive oil bidding round
Read MoreChina National Offshore Oil Corporation (CNOOC) is joining French giant Total to bid for Uganda’s new oil blocks in the Albertine. While the Energy ministry shortlisted four companies to bid for new oil blocks, URN learnt that CNNOC will be part of the bid under the invitation of Total. The
Read MoreEnergy Permanent Secretary , Robert Kasande (L) , an officer from Oranto and fomer Energy Miniister , Irene Muloni The Energy Ministry is expected to conclude negotiations with oil companies qualified to operate new blocks in the Albertine Graben. The meeting at Serena Hotel Kigo is an important development towards
Read MoreAt the Ordinary and Extraordinary Shareholders’ Meeting, Total shareholders May 28, 2021 approved, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. In tandem with this name change, TotalEnergies is adopting a new
Read MoreWhen joint ventures, company consortia, or public-private partnerships plan massive energy projects, they must go through several stages of planning and execution. One of the most important steps of this process is the Final Investments Decision, FID. At this point, the companies are ready to proceed with the real development process
Read MoreOil pipeline/Courtesy photo The partners in the oil and gas industry in Uganda intend to supply solar energy to power the East African Crude Oil Pipeline in transporting crude from Hoima in western Uganda to Tanzania’s Tanga Port. The energy will be used at the six pump stations along the
Read MoreBanks are divided on financing of the East-African-Crude-Oil-Pipeline. Courtesy Photo. Civil society actors have challenged the government to take with serious concern, decisions by some international banks not to finance the East African Crude Oil Pipeline-EACOP. At least six international banks have backtracked on their financing plans for a USD 3.5
Read MorePanelists who spoke during dfcu Bank’s engagement meeting with customers for financial opportunities in the Oil and Gas sector in a group photo dfcu Bank has held an engagement for its customers and key stakeholders in the oil and gas sector to share insights into the opportunities in the US$15 billion Oil
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