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.