Oil & Gas companies

Energy, Oil & Gas

TotalEnergies hires investment banker to review land acquisition for Uganda projects

TotalEnergies has appointed an economist and former prime minister of Benin to review its land acquisition programme in Uganda and Tanzania for the Tilenga and Pipeline projects
Lionel Zinsou is a French-Beninese economist and investment banker, and was the Prime Minister of Benin from 2015 to 2016. He has been hired by TotalEnergies to conduct a review of its land acquisition programme in Uganda and Tanzania for the Tilenga and oil pipeline projects. His review will assess land acquisition procedures, consultation conditions, compensation and resettlement of affected people, and grievance redress mechanisms. It will also assess the efforts made by TotalEnergies EP Uganda and the East African Crude Oil Pipeline (EACOP) to improve the livelihoods of those affected by the land acquisition.
Energy, Oil & Gas

Oranto granted another extension of exploration licences

Oranto Petroleum's exploration licences for the Ngassa block in Hoima and Kikuube districts have been extended for two years
An inland oil rig
CompaniesEnergy, Oil & Gas

Careful management of market uncertainties required to maximise returns from oil and gas

Uganda's oil and gas industry needs a minimum global crude oil price of $63 (Shs237,893) per barrel for maximum profitability
Workers at the Kingfisher Oil Field in Kikuube, Uganda, on 24 January, 2023. Ugandan President Yoweri Museveni launched the drilling process at the Kingfisher Oil Field, operated by the Chinese oil giant China National Offshore Oil Corporation Cnooc.
Energy, Oil & GasOpinion

What next for Uganda’s oil and gas sector after final investment decision?

The projects’ technical schedule indicates that first oil will be achieved 36 to 45 months after the final investment decisions. Those months will be characterised by intensive activity as FID unlocks the detailed engineering, procurement, and construction phase of the projects, where the bulk of opportunities lie
Energy, Oil & Gas

Oil companies take final investment decision on Uganda projects

TotalEnergies, the French energy group, and the China National Offshore Oil Corporation have announced the long-awaited final investment decision for Uganda's oil projects, collectively referred to as the Lake Albert Development Project
A group photo of oil company executives in Kampala, Uganda
Energy, Oil & Gas

Uganda hopes for $10bn in investment as oil firms green light projects

Uganda expects investments worth about $20bn after Total Energies and the China National Offshore Oil Corporation make final investment decisions on their oil and gas projects. The final decisions will be announced on Tuesday
A drilling rig at the Kingfisher field in Western Uganda
Energy, Oil & Gas

Understanding Uganda’s revenue from the oil and gas sector

How much will Uganda earn from the oil and gas industry, and how was it determined? How much do the foreign oil companies stand to make? A dissection of Uganda's production-sharing agreements
A drilling rig at the Kingfisher field in Western Uganda
Energy, Oil & Gas

Government and Total sign key oil pipeline agreement

The Uganda government and Total, the French oil major, on Friday signed the host government agreement which will govern the East Africa Crude Oil Pipeline project
Uganda's energy minister, Mary Goretti Kituttu and Total's Nicolas Terraz signing the oil pipeline host government agreement
Energy, Oil & Gas

Tullow Oil shareholders approve Uganda farmdown deal

Tullow Oil PLC shareholders on Wednesday voted to approve the sale of the company’s remaining 33.33% stake in Uganda’s oil fields and the proposed East African Crude Oil Pipeline
Kyehoro Camp operated by Tullow in Uganda
Energy, Oil & Gas

Cnooc opts out of Tullow-Total deal

The China National Offshore Oil Corporation on Tuesday notified Tullow Oil Plc and Total SA that it will not acquire a stake in Tullow's assets in Uganda
A Tullow oil field in Ghana
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