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Tullow, Total Call for applications for oil well infrastructure design works

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UK based Tullow oil Plc and French’s Total, through subsidiaries in Uganda called for applications from engineering firms to provide infrastructure works design for oil wells as nation…

OPEC agree to save world oil market by Cutting Production effective January 2017

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OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its production and dropped its demand on arch-rival Iran…

Chinese Oil Firm Sinopec cited in renewed Uganda Oil Refinery construction bid

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Oil firms including China’s Sinopec have expressed an interest in developing Uganda’s planned oil refinery and an investor for the project will be selected by February 2017, a…

Shell Invest $80 Million in Tanzania Coast drilling project

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Royal Dutch Shell and its partners — Pavilion Energy and Ophir Energy — announced last week commencement of gas drilling off the coast of Tanzania in a $80…

Uganda Oil Industry still “Very Attractive” despite delays in midstream Infrastructure dev’t—Minister

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Uganda Minister of Energy and Mineral Development (MEMD) Irene Muloni said the country’s oil sector is poised for a promising business destiny despite the current delays and setbacks…

Uganda aims at Issuing oil exploration licence before end of year

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Uganda aims to sign deals by the year-end with the four oil exploration companies it had invited for talks in its first licensing round, a senior energy ministry…

Oil Pipeline Update: Tanzania Approves Fiscal framework, Project nears Final Investment

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Tanzania approved a series fiscal packages in relation to the Crude oil pipeline partnership with Uganda including; exemptions on transit fee, import tax, withholding tax and value added…

Uganda’s Oil still far from production due to infrastructure challenges

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Output from Ugandan crude deposits being developed by companies including Tullow Oil Plc and Total SA is unlikely to be exported as soon as the nation expects because…

Uganda, Tanzania agree to Speedup Crude Oil Export Pipeline Construction

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Tanzania has agreed with Uganda to accelerate implementation of a crude oil pipeline project between the two east African nations and award the construction contract to multiple contractors….

Stanbic Bank eyes Financing Uganda Oil and Gas Industry Players—Papers

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Stanbic Bank, one of the lead players of Uganda’s banking sector says is planning to rolled out specific financial services targeting the oil and gas industry, Daily Monitor…