Within a period of 15 months, Saudi Arabia has registered a tremendous increase in its crude oil exports to the United States of America. According to the preliminary vessel-tracking data done by Bloomberg, in the month of July, Saudi Arabia loaded 1 MMbpd onto tankers destined for the U.S. upgrading from June exports by 36%
Powergas Nigeria, a domestic Compressed Natural Gas (CNG) Distribution Company and European Technologies for Africa (ETEFA)- an Austrian green technology company, are investing in the development of CNG as an alternate fuel for mass-transit and haulage sector in the country. To commence the pilot project of employing “One City Bus and One Truck” initiative, the
The Federal Government still depends on International Oil Companies, IOCs, to know the exact volume of oil and gas exported to the global market. Chairman, Experts Advisory Panel, Nigeria Natural Resource Charter, NNRC, Mr. Odein Ajumogobia, who made this known at a workshop to consider outstanding remediation issues on Nigerian Extractive Industries Transparency Initiative, NEITI,
Kenya’s oil ambitions received a boost after the government reached a revenue-sharing deal with the Turkana local government and community where the lucrative oilfields are located. But the road to first oil and sustained production remains fraught with political uncertainty and volatility as some within the local community still remain unconvinced. Kenyan President Uhuru Kenyatta
Despite the enormous natural riches that pass them by, locals say they have not shared in the explosion of wealth that black gold has brought to Nigeria. ENVIRONMENT The people of Belema village can only be reached after a three-hour journey aboard a rickety makeshift speedboat from the nearest major town. For 37 years their
Retired former principle judge of the High Court, Justice James Ogoola, has warned government against excluding communities in the oil region during the implementation of the East Africa Crude oil project. “In this day and age, we need not to repeat past mistakes. We must beget a humane and balanced transformation. Any development that excludes
Standard Bank Group’s Ugandan unit plans to raise $3 billion (€2.56bn) for a crude pipeline by the second half of next year as the east African country prepares to start oil production by 2020. According to The Irish Times, Oil and gas exploration company Tullow Oil, which was founded in Co Carlow, is jointly developing
UK firm Tullow Oil one of Uganda’s major oil and gas exploration firms has launched its oil exploration into Zambian territory as the country pushes to diversify its economy and reduce its reliance on the industrial metal. Apart from Uganda’s Oil and Gas exploration, Tullow Oil is undertaking similar projects in other countries such as
Uganda will next month on 27-28th September host the 3rd Uganda International Oil & Gas Summit (UIOGS) 2017, in partnership with Total and CNOOC Limited as lead sponsors and co-hosts to the event respectively at the Hotel Serena, Kampala. The country hosted a similar event in 2016 where President Yoweri K Museveni alongside Hon. Minister
Over 585 kilometers of roads in the oil regions have been earmarked for upgrading by government in the next 3 years. According to the National Infrastructure Development Programme by the Uganda National Roads (UNRA) presented recently during the 5TH Certified Public Accountants Forum. It was organised by Institute of Certified Public Accountants of Uganda (ICPAU)