Tullow Oil has over the last one year substantially reduced its number of employees in Kenya. This has been through failure to renew contracts that were up for renewal in the course of the year as well as actual layoffs, where employees were sent home after being given a send-off
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Fuel pump prices are increasing in Uganda, a development that has seen transport fares go up in some parts of the country. Currently, a litre of petrol in Kampala is averaging Shs3, 800, up from an average of Shs3, 600 a fortnight ago. In Western parts of Uganda, a litre
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Nigeria’s House of Representatives passed a bill governing the country’s energy sector after the Senate did so in May, taking Africa’s top oil producer one step closer to a much-awaited overhaul of the key industry, reports Bloomberg. The Petroleum Industry Governance Bill now awaits President Muhammadu Buhari’s signing to become
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Total Uganda, one of the leading integrated oil and Gas Company has unveiled a new cashless payment solution for its customers. This is aimed at increasing convenience at all its 128 service stations countrywide and empower motorists to manage their spend better. The new Total card was launched on Wednesday
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The case against oil giants ENI and Shell on allegations of corruption in Nigeria could be one of the biggest corporate corruption trials in history, says Global Witness. The anti-corruption watchdog reacted after a judge said the case is going to be heard in an Italian court next year after
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President Yoweri Museveni has said Uganda has enough power (electricity), transport routes and opportunities to enable foreign investors thrive in Uganda. Museveni made the remarks on Thursday during a meeting with a delegation of oil and gas investors from the United Kingdom who called on him at State House, Entebbe.
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Many Ugandans are excited about the oil money that is expected when oil starts flowing come 2020. However, many will not physically touch the oil money that many believe will transform Uganda economically. According to experts, US$15bn (Shs54.7 trillion)-US$20bn (Shs73 trillion) is expected to be invested in Uganda’s oil and
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Months after Tanzania and Uganda inked a 1,445-kilometre billion dollar crude oil pipeline deal, President John Magufuli has pledged speedy implementation of the line that will run to the port city of Tanga. Addressing a public rally in Ruzingwa, Uganda Thursday before laying the second foundation stone for the project,
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President Yoweri Museveni has urged Ugandans to make sure that they prepare to benefit and earn from the Hoima- Tanga crude oil pipeline. This was during a rally President Museveni and his visiting Tanzanian counterpart. John Pombe Magufuli addressed Thursday at Kyotera Local district headquarters. “We have brought wealth to
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The Government of Uganda Tuesday signed two Production Sharing Agreements (PSA) and issued two Licenses for Petroleum Exploration, Development and Production over the Ngassa Contract Area with Oranto Petroleum Limited from Nigeria. Speaking during the Ceremony held at Amber House, Eng. Irene Muloni, Minister of Energy and Mineral Development said,
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