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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
July 25, 2018
Energy, Oil & Gas
Oil recoverable costs: Disallowed costs hit Shs300b in final audit
At least $81.147m (Shs300b) has been disallowed as “costs not recoverable” by oil companies from the Production Sharing Agreements (PSAs) signed with government between 2001 and 2011
June 11, 2018
Energy, Oil & Gas
Total, Cnooc reach deal on Tullow’s oil fields
Total E&P Uganda and the China National Offshore Oil Corporation have reached a compromise on the operation of the Buliisa fields in Exploration Area 2, the license area previously operated by Tullow Oil PLC
March 28, 2018
Energy, Oil & Gas
Nigeria’s Oranto awarded license for Ngassa field
Uganda has signed two production sharing agreements (PSAs) with Nigeria’s Oranto Petroleum and also issued two exploration licenses for the Ngassa oil block
October 10, 2017
Energy, Oil & Gas
Licence for Ngassa block to be awarded in October
Uganda will issue two exploration licences and also sign a Production Sharing Agreement for the Ngassa oil block, Hoima District, in early October, the energy minister has said
September 18, 2017
Energy, Oil & Gas
Australia’s Armour Energy to spend $2m in first two years of exploration
The newly licensed Australian junior exploration company, Armour Energy Limited, will invest Shs7bn in its first two years in Uganda, its chief executive officer revealed on Thursday in Kampala
September 14, 2017
Energy, Oil & Gas
Exploration licence for Kanywataba field to be awarded Thursday
Energy minister Irene Muloni, will on Thursday issue an exploration licence for the Kanywantaba oil block in Ntoroko District to Australian junior exploration company, Armour Energy Limited
September 12, 2017
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.
May 18, 2017
Energy, Oil & Gas
Three companies awarded design studies for Buliisa project
Total E&P Uganda, China National Offshore Oil Corp., and Tullow Uganda have launched Front End Engineering Design (FEED) studies for Exploration Area 1 (EA1) in Nwoya and Exploration Area 2 (EA2) in Buliisa district.
February 15, 2017
Energy, Oil & Gas
Uganda to identify refinery lead investor by February 2017 — minister
Uganda expects to have identified a lead investor in its proposed oil refinery by February next year, according to energy and minerals minister Irene Muloni.
November 22, 2016
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