In research released on Thursday alongside FIDH and partner organizations, Oxfam highlighted the major risks of oil projects led by French energy giant Total in Uganda and Tanzania, which would require over 12,000 families to lose land and endanger sensitive and vital ecosystems. Despite plunging oil prices, a pandemic, and
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Tullow Oil plc (Tullow) has today announced that CNOOC Uganda Limited (CNOOC) has informed both Tullow and Total that it will not pre-empt the sale of Tullow’s assets in Uganda to Total. On 23 April 2020, Tullow announced that it had agreed the sale of its assets in Uganda to
Read MoreThe New PAU Board of directors in a group photo A new Board of Directors that will steer the Petroleum Authority of Uganda (PAU) for the next four (4) years has been inaugurated. The new board was inaugurated by Dr. Kitutu Kimono Mary Goretti, the Minister of Energy and Mineral
Read MoreAfDB ‘Strongly Rejects Claims It Plans To Finance East African Crude Oil Pipeline Project’
The African Development Bank (AfDB) has distanced itself from what it called an inaccurate news article stating that the institution plans to provide financial support to the East African Crude Oil Pipeline Project. “The Bank strongly refutes the claims in the misleading article, which references a letter by a group
Read MoreGov’t: Total & Tullow Farm Out Transaction To Open Shs76 Trillion Investment In Uganda’s Oil Sector
The Government of Uganda has applauded the agreement reached between Total and Tullow; which will see Total acquire Tullow’s entire interests in the Uganda Lake Albert Development Project. The Minister of Energy and Mineral Development, Kitutu Mary Goretti Kimono (pictured) welcomed the news. “The agreement is a significant milestone in
Read MoreSHS2 TRILLION DEAL! Total Acquires Tullow Entire Interests In Uganda Lake Albert Project
Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M (Shs2.1 Trillion), with an initial payment of $500M at closing
Read MoreGovernment of Uganda has been conducting geothermal surveys from the nation’s geothermal energy resources in which a benign oil spill incident recently occurred at Kibiro, Hoima District. According to a statement issued by Robert Kasande (pictured), the Energy Ministry Permanent Secretary on April 15, 2020, government through Ministry of Energy
Read MoreWhile the African Energy Chamber has a fundamental belief that we have to let the market work for itself, it encourages African countries that have engaged petroleum operators and local service companies to find ways to relieve the burden on exploration programs and local companies. The Chamber considers this of
Read MoreDr. Mary Gorreti Kitutu (pictured above), the Minister of Energy and Mineral Development has re-echoed the need to have local Ugandan Companies awarded contracts in the Oil and Gas Sector ahead of their foreign counterparts. Dr. Kitutu made the remarks while officially opening the two-day 2nd National Content Conference organised
Read MoreDr. Mary Goretti Kitutu (L), the Minister of Energy and Mineral Development launching UNOC's bulk trading business at Stabex in Nansana. Looking on are officials from UNOC and Stabex International Uganda through the Uganda National Oil Company (UNOC) has officially started bulk trading of petroleum products in a move aimed
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