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
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
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
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
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.
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.
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.
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.
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.More Oil & Gas
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.
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.
Total to acquire 10% stake in Uganda refinery
Total S.A., the French oil and gas company currently carrying out exploration activities in western Uganda, is acquiring a 10% stake in Uganda's planned oil refinery, energy minister Irene Muloni told Bloomberg.
Uganda issues eight oil production licences to Tullow and Total
The Ministry of Energy and Mineral Development has granted eight oil production licences to Tullow Uganda Operations Pty Limited and Total E&P Uganda B.V., according to a statement released by the ministry.
Petroleum Authority of Uganda gets first Executive Director
The Ministry of Energy and Mineral Development today announced the appointment of Mr. Ernest Rubondo as the first Executive Director of the Petroleum Authority of Uganda (PAU).
Top 100 Taxpayers: Total E&P Uganda
Total E&P Uganda is an oil and gas exploration and production company, founded in 2010 as the operator of Exploration Areas 1 and 1A following the discovery of commercially viable oil resources in the Albertine Region.
