Although it may appear that much of the exploration activity in Africa is driven by smaller independents, the supermajors still have a significant role to play. In recognition of the importance of the market these supermajors were all well represented by senior executives at this year’s Africa Oil Week (Africa-OilWeek.com).
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Irene Muloni, the Ministry of Energy and Mineral Development, has revealed that 90% of Uganda’s energy mix is from renewable sources. “There is vast potential for renewable energy sources from the various water bodies in the Country,” she noted. This was during the Ministerial Panel at the 26th Africa Oil Week
Read MoreAfrica Oil Week got off to a high profile start with a prestigious Ministerial and VIP Symposium on the 28th floor of First National Bank’s corporate headquarters in Cape Town’s Waterfront district. Over 200 senior executives from IOC and NOCs along with ministerial delegations from leading African nations joined to
Read MoreIrene Muloni, the Ministry of Energy and Mineral Development, in the Republic of Uganda is leading a delegation of private and public sector players from Uganda’s oil and gas sector at Africa Oil Week 2019, 4th to 8th November 2019 in Cape Town, South Africa. Minister Muloni said “Uganda will
Read MorePeter Lokeris, the Minister of State for Minerals, today re-asserted government’s commitment to having the East African Crude Oil Pipeline (EACOP) project delivered as planned. “I know many of you had started thinking that the project has stalled but this Public Hearing should now take away all doubt since it
Read MoreGovernment plans to raid the Petroleum Fund and withdraw Shs445bn to finance the 2019/2020 budget won’t be achieved after it was revealed that the Fund only has only has Shs304.1bn. This means that the Fund is set to be overdrawn. The Petroleum Fund is where revenue from all petroleum-related activities
Read MoreThe Petroleum Authority of Uganda (PAU), the National Environment Management Authority (NEMA) and the Ministry of Energy and Mineral Development (MEMD) together with the Project Developers for the East African Crude Oil Pipeline (EACOP) are conducting community dialogues in the ten (10) districts traversed by the EACOP project. The dialogues
Read MoreRich in hydrocarbons and possessing a favorable geological structure, Somalia holds huge opportunities for investors looking to enter the East African market, said the country’s Minister of Petroleum and Mineral Resources, Hon. Abdirashid Mohamed Ahmed (pictured) at the Africa Oil & Power conference. “Nowhere is the contribution that the energy
Read MoreNo More Fuel Shortages For Uganda As 70 Million–Liter Fuel Storage Facility Commissioned
Entebbe. The State Minister for Privatization and Investment, Evelyn Anite has revealed that Uganda will no longer face fuel shortages going forward after a new fuel reservoir/ storage facility at Bugiri/Bukasa zone in Katabi Town Council, Wakiso district starts operations come April next year. The Minister made the revelation today
Read MoreDubai An attack on Saudi Arabia that shut 5 percent of global crude output caused the biggest surge in oil prices since 1991, after US officials blamed Iran and President Donald Trump said Washington was “locked and loaded” to retaliate. The Iran-aligned Houthi movement that controls Yemen’s capital claimed responsibility
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