Uganda Ministry of Energy and Mineral Development on July 1, 2015 listed 19 companies that had expressed interest taking up licenses to explore for oil in the Albertine graben. However, analysts have asserted that the nation’s oil and gas sector has failed to attract leading multinationals in the oil and gas industry. According to the observer
Tullow Oil affirms faith in Uganda and regional Oil sector
Tullow Oil plc has affirmed its business hopes and strength in the East African oil and gas industry in a latest statement that summarize recent operational activities and trading guidance of the new financial year 2015. The UK based Multinational noted that the legal and institutional investments in the region present a level playing field which
Tullow Oil agrees to settle $250 Million tax dispute to Uganda
Tullow Oil plc has agreed to settle the outstanding Capital Gains Tax (CGT) bill to the government of Uganda and it’s Tax regulatory body Uganda Revenue Authority (URA) after a long standing tax rift. According to an official statement from Tullow Oil, one of the leading players in Uganda’s Oil and gas sector, the company
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
Uganda cabinet approves first open- bid licensing round for Petroleum Exploration
Cabinet has approved plans to open up six blocks in the Albertine Graben for licensing in the country’s first competitive bidding round. State Minister for Energy, Eng. Simon D’ujanga, informed parliament last week that preparations for this bidding round commenced after the new law was put in place and were now culminating with the submission
Why Uganda will not benefit from the slump in Global Oil Prices
When Ugandans query the constant upsurge in oil prices, they are often reminded by fuel dealers that the global oil price trends largely driven by the Middle East suppliers especially Saudi Arabia are the reason to blame. However, developments in the recent past suggest that the dealers only use the global oil prices as the
Japan’s Toyota Tsusho wins contract to design Uganda-Kenya pipeline
Japan’s Toyota Tsusho has won a contract to design an oil export pipeline from Uganda to Kenya’s coast, a Kenyan official says. According to Joseph Njoroge, the Kenya Energy Ministry’s principal secretary, Toyota Tsusho, the company awarded the contract for the feasibility study and preliminary engineering design must submit their report within the next five
ESLSCA partners with Uganda Chamber of Mines and Petroleum to offer students scholarships in Oil and Gas studies
The Uganda Chamber of Mines and Petroleum (UCMP) has partnered with ESLSCA to enable young Ugandans attain short-term training in oil and gas and ICT. The partnership will benefits S.6 leavers as well as university students who would like to improve their skills as well as acquire new skills in the budding oil and gas
Why Tullow Oil PLC is cutting expenditure elsewhere and focusing on exploration in East Africa
Amid-st the turbulent rage of the faltering oil prices Tullow Oil PLC has resolved to revise its investment priorities and focus on East Africa and Ghana in West Africa come 2015. In an Interim Management Statement issued on 12th November 2015 Tullow indicated that though exploration will remain a key part of the company’s future