As Uganda moves to into the oil production stage, opportunities in the oil and gas sector investors can tap into is one of the hot topics. Agriculture, hospitality and tourism are among the sectors that have been tipped to tap into the opportunities oil and gas sector presents. Health sector
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By Reuters Crude Oil being transported from Turkana fields to Mombasa Tullow Oil has delayed the final investment decision (FID) for its Kenya project to 2020 and has not yet sealed a tax deal in Uganda that is needed for the progress of its plans there with Total , it
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Members of Parliament (MPs) have appreciated the strides made in the development of Uganda’s oil and gas sector. This was during a recently held four-day familiarisation visit for 41 MPs to oil and gas operation areas in the Albertine Graben. The field visit was organised by the Ministry of Energy
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Oranto Petroleum Limited (OPL) has successfully completed a Two Dimensional (2D) seismic data acquisition survey over the Ngassa block in the Albertine Graben. OPL contracted IMC Geophysical Services Limited from the United Kingdom to undertake the survey, which commenced on 15th April, 2019, and was completed on 18th May, 2019.
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A new report has revealed that government is threatening to deplete oil revenues from the Petroleum Fund even before production kicks off. The Report of Budget Committee on 2019/20 budget estimates released this week further adds that government is spending the funds without an investment plan which is contrary to
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Uganda’s public debt is slowly but surely moving towards hitting the Shs50 trillion mark. The latest is that Government is seeking to borrow USD456.4m (about Shs1.720 trillion) to fund the upgrade and construction of national oil roads within the Albertine Graben. This was revealed by State for Planning, David Bahati
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Five new oil blocks have been put up for the second licensing round in the Albertine Graben. The announcement of the new five blocks was made by the Minister of Energy and Mineral Development Eng. Irene Muloni (in featured photo) on Wednesday. This was during the 9th East African Petroleum
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The Petroleum Authority of Uganda (PAU) organised the first Regional National Content Conference for suppliers in the Oil and Gas Sector at the Hoima Resort Hotel, Hoima on 12th March, 2019. The objective of the conference, which was attended by close to 400 participants, was to engage and disseminate information
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South Sudan has begun to repair and pump oil from wells damaged during the civil war which broke out in 2013, news agency Reuters reports. The country, which gained independence from Sudan in 2011, currently produces 160,000 barrels per day (bpd) but estimates say it will rise by an additional
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The Ugandan government has revised its oil volumes to 6 billion barrels, down from 6.5 billion barrels earlier reported. Addressed the media today on the latest updates in the Oil and Gas sector at Amber House in Kampala, Energy Minister, Eng Irene Muloni said that the resources in these fields
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