Popular British company Tracerco has announced capital injection into the new mobile laboratories to boost its reservoir tracer technology to aid instant analytically testing of oil wells on onsite. Reservoir tracer process entails an examination of an oil well to determine the fluid flow during the oil drilling process According to the statement from the company,
American Noble Energy and Rossetta Resources announce merger
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
So Kenya bought a 2.5% stake in Uganda’s Oil refinery but why really?
Kenya bought 2.5% stake in Uganda’s Oil Refinery and that is supposed to be good news. Indeed it is good news. Actually, Kenya’s decision to get a stake in Uganda’s Oil Refinery, a couple of weeks after RT Global Resources was selected to construct the refinery goes against the notion that Kenya would oppose Uganda’s
Uganda government officials urged to respect citizens’ rights to access information
When you ask government officials for information on any issue of public concern, the officials usually shrug and sneer as though to give you what is supposed to be public information is to do you a great favour. The constitution and Access to Information Act, 2005 provide for a person’s right to access information that
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
Boost private sector to maximize oil and gas benefits, World Bank tells government
In a recently completed World Bank study one of the key messages that the world bank sends out to Uganda Oil and Gas industry stakeholders is to build the country’s private sector. The study titled: “Leveraging Oil and Gas Industry for the Development of a Competitive Private Sector in Uganda” emphasizes that Uganda’s private sector