American renowned Oil and natural gas exploration and production company Noble Energy limited has announced acquisition of its minor rival Rossetta Resources Incl in a deal valued at $ 2.1 billion. In the concessions, Noble Energy will take over Rossetta’s stock including its net debts valued at approximately $1.8 million as of Mach 2015. The
Standard Chartered new financial adviser in Mozambique’s Multimillion gas projects
London based Standard Chartered Bank has been named new financial investment adviser in Mozambique State Oil and gas company Empresa Nacional de Hidrocarbonetos’, (ENH) in a highly competitive bid process Standard Chartered in a joint partnership with Mozambique’s largest bank Millennium BIM out competed several others including British multinational banking and financial services HSBC and local partner Banco Unico
Completion of Uganda’s oil refinery expected in 2020
The construction of Uganda’s oil refinery in the western district of Hoima and the 205 kilometer pipeline that will carry processed gas products to the prospective assembly point in Buloba, 14 kilometers out of Kampala will take close to five years, the contractor confirmed last week. Speaking at the Uganda Oil and gas convention, Andrey
Will Capital and Institutional investment in Oil and gas solve our economic woes
A World Bank pledge of a $ 600 million injection into the Uganda-Kenya gas pipeline construction deal went to the annals of history as among the major oil infrastructure investments in the region. As states in the East African Community (EAC) bloc move to tackle major economic challenges a head of integration, the oil and
Uganda Mining and Energy Conference: Oil and Gas Expo suspended
The second edition of Uganda Mining and Energy Conference and Exhibition (UMEC) that had earlier been planned to take place on May 20-21, 2015 has been postponed to a date yet to be communicated. The conference is a brain child of the Ministry of Energy and mineral development in partnership with AME Trade Limited, a
Mutebile’s take on volatility of oil prices and their effect on Uganda’s economy
This Speech by Prof. Emmanuel Tumusiime Mutebile, Governor, Bank of Uganda was delivered at the Dialogue on the Impact of Oil Price Volatility and its Implications for the Economy and for Macroeconomic Stability at Protea Hotel Kampala on February 25, 2O15 We bring you the full speech here below [toggle title=”Introduction” state=”open” ]Good afternoon ladies
Introduction
Introduction Just about the most important dilemmas in north america nowadays is going to be plan to legalize lighter medication or there are times recognized cushioned tablets – so named for inducing a smaller amount of unhealthy problems to your body compared with arduous medicine (Nordegren, 2002).
Uganda’s unending oil tax disputes: will URA survive another Total Disaster
[dropcap]T[/dropcap]he tax dispute between Total E&P Uganda is just another in a series of Tax Disputes that the Uganda Revenue Authority has had to deal with in the past 5 years. The good news is that so far Uganda’s Tax body has always come out victorious and most remarkably in the Heritage case in which
Tullow’s job cuts: it was only a matter of time
The people who are still employed by Tullow Oil have a reason to thank their God. The last couple of months have been months of uncertainty, speak of this thing they call Job insecurity. Certainly, the fate of many in Uganda, for example, must have remained hanging in balance until last week when Tullow Oil
Activists want mining companies to prevent abuse of rights in their operations
The constitution under A.26 guarantees the right to property and provides that no person shall be deprived of their property without prompt and adequate compensation yet some business enterprises have either ignored this fact or blatantly sought to abuse the rights of citizens. In a workshop organized by the Advocates Coalition for Development and Environment,