Oil & Gas

Energy, Oil & Gas

Karamoja oil discoveries could be ready for licensing in two years — ministry

The Kadam-Moroto basin could be opened up for licensing in the next two years once testing and analytical studies of its oil seeps are complete
A drilling rig at the Kingfisher field in Western Uganda
Energy, Oil & Gas

Tullow profit soars amid wait for Uganda farm-down approval

Tullow said it hopes the Uganda government will approve the farm-down of its assets by the end of this year, paving way for a final investment decision and the issuance of engineering, procurement and construction tenders for local oil fields
Kyehoro Camp operated by Tullow in Uganda
Energy, Oil & Gas

Total E&P, Tanzania jittery over oil pipeline delays

French oil major Total E&P, the lead joint venture partner on the proposed East African Crude Oil Pipeline (EACOP), is "concerned" over the “slow progress” on the project, particularly from Uganda government officials in the Petroleum Authority and the energy ministry
Energy, Oil & Gas

Petroleum Authority to launch talent register for oil jobs

The Petroleum Authority of Uganda says it plans to launch a national talent register listing individuals trained and qualified in different fields related to the oil industry
A drilling rig at a drilling site in Uganda
Energy, Oil & Gas

Uganda to award three exploration licences in June

Uganda will issue three exploration licences and sign Production Sharing Agreements (PSAs) with three oil companies that made it to the last round of the first competitive licensing process, opened in February 2015.
Energy, Oil & Gas

Uganda and Tanzania mull going to international market for oil pipeline financing

Uganda, Tanzania and the three Joint Venture (JV) partners, Tullow Oil Uganda, Total E&P and Cnooc, will later this month issue a request for proposals for a consultant to offer transaction advice on the proposed $3.55 billion oil pipeline.
Energy, Oil & Gas

Tullow sells oil project stake to Total for $900 million

Tullow Oil announced on Monday that its selling part of its stake in Uganda's oil project to Total E&P Uganda B.V. for $900 million.
Kyehoro Camp operated by Tullow in Uganda
Energy, Oil & Gas

Russia taps another firm for consideration in refinery deal

Russia is looking for another homegrown company to finance and construct Uganda's greenfield oil refinery, following the exit of RT Global Resources, the consortium led by Rostec, a state defence and technology corporation.
Energy, Oil & Gas

Government moves motion to withdraw Shs166 bn from petroleum fund

The finance minister, Matia Kasaija on Wednesday tabled a motion requesting Parliament to allow the government withdraw Shs116.6 billion from the Petroleum Fund.
Uganda's minister of finance, Matia Kasaija
Energy, Oil & GasPolitics & Policy

Museveni says oil revenues will be used to build “durable capacity”

The president said that oil is an "enabler" that will bring in "quick money" to work on the weak fundamentals without which the country will not develop.
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