Tullow Oil, an Independent oil explorer has issued a statement confirming great hope in the new year 2019. The company believes for growth in its oil production by 10%. The statement was issued on Wednesday and Tullow based its claim on the successful drilling program at its Ghanaian assets. “Tullow is well-placed to deliver on
Investors from the United Kingdom have paid a second visit to Uganda to pave way on how they can improve their chances at acquiring some shares from the Uganda oil and gas sector The businessmen from 11 UK companies, that deal in petrochemical, pipeline, power and renewable industries, met up with senior Ugandan delegates on
Uganda National Oil Company has held talks with Kenya National Oil Company and Kenya Pipeline Company on how the two countries can benefit from oil and gas discoveries. In the talk session hosted by the National Oil Corporation of Kenya (NOC) , the companies shared experiences and ways of maximizing the benefits that come with
The Uganda oil sector may postpone oil production commencement from it’s oil refinery to 2022 due to delays in the project studies. This will put it two years ahead of the set date of production of 2020 to 2022. According to Energy Minister Irene Muloni, the Front-end Engineering Design, or FEED which was supposed to
The Uganda National Oil Company (UNOC) Ltd and China National Offshore Oil Company (CNOOC) have signed a Memorandum of Understanding (MoU) to partner in oil exploration in Western Uganda. The MoU was signed by Dr. Josephine Wapakhabulo, CEO UNOC and Mr. Fang Zhi, the Chairman of CNOOC international today in Beijing and was witnessed by
The long awaited deal of the Tanzania – Uganda natural gas pipeline has been finally sealed off after an agreement was signed on Saturday August 25, 2018. The natural gas pipeline project was launched in Tanga by Presidents John Magufuli of Tanzania and Yoweri Museveni of Uganda and French oil multinational Total is the main
Australia’s largest independent oil and gas company, Woodside Petroleum has released 2018 production guidance after registering tremendous development. The company is set to produce between 87 MMboe and 91 MMboe of oil and gas by the end of 2018, up from its previous expectation of 85-90 MMboe Woodside highlited in it’s H1 results. “Our base
The next episode of friction between Beijing and Washington could be staged in Iran, where a top Chinese energy firm, defying latest U.S. sanctions, is likely to expand its stake in a giant Iranian gas field. China National Petroleum Corporation (CNPC), the world’s third-largest oil and gas firm, has replaced Total, the French energy giant,
Petrofac has been awarded an Energy Performance Certificate with a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the central processing facility (CPF), located in the Majnoon field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum EPC project scope of work includes two oil processing trains, able
Uganda has increased its ventures into the Oil sector after permitting Italian-based firm, Saipem, to start studies in the technical front-end engineering design (FEED) of the refinery project.The directive was given by the Albertine Graben Refinery Consortium (AGRC),a scheme responsible for the design, finance, construct and maintainance of the proposed oil refinery in Hoima District. The