In November 2014, Tullow Oil PlC released an Interim Management Statement reviewing its capital expenditure. “In light of current oil and gas sector challenges including the commodity price environment, we are reviewing our capital expenditure and our cost base to ensure that Tullow is well-positioned for future success.” the Chief Executive Officer of Tullow Oil,
UMEC 2015 set to showcase Investment Potential in Uganda’s Mining Sector
In 2014, the estimates of discovered oil in Uganda rose from 3.5 Million to 6.5 Million Barrels. The recent revelation that Uganda was exploring areas like Karamoja and the Hoima Basin to find more oil, the hopes to embark on commercial output in 2017 and the new round of licensing in the sector scheduled to
Uganda’s quest for more oil reaches Karamoja
[googlemap src=”http://” width=”500″ height=”360″ align=”alignleft” ]By Zakaria Tiberindwa and Edward Tumwiine Uganda’s discovered oil reserves are estimated at 6.5 billion shillings and it is believed that if the oil is well utilized, the money from the resource could lift the country from a developing nation to middle-income status. However the country’s quest for more oil
Ugandan youths told to forget about Oil Jobs
Forgetting about jobs in a country where 62% of the youths are jobless, is the kind of news that many will resent but a reality that has to be faced. Such was the kind of message that Uganda Oil and Gas sector players were sending out to the participants of a workshop organised by 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
Environmental Management is key to managing Uganda’s oil- NEMA Executive Director
The Executive Director of the National Environmental Management Authority, Dr. Tom Okurut has said environmental management is a key factor in the development of Uganda’s Oil and Gas Sector, Resource Management and Financial Management being the other key elements in the sector. While speaking at 1st Petroleum Industry Environmental Management Conference held at Speke Resort
Zambia picks interest in Uganda’s oil refinery
Zambia wants more information about Uganda’s plans to build a 60,000-bpd oil refinery that’s already attracted interest from four regional neighbors. The southern African country “has asked for more information” about the plant, Ugandan Energy Minister Irene Muloni says. Kenya, Tanzania, Rwanda and Burundi have expressed interest, she says. “Each of the countries will be offered
UN Women and Publish What You Pay launch gender toolkit that seeks to empower women in the extractives sector
UN Women and Publish What You Pay (PWYP), a global coalition campaigning for an open extractive sector have launched a toolkit “Extracting Equality – A Guide”, which examines how to approach the issue of gender within the extractive sector. Written by PWYP and UN Women, along with experts working on gender and the extractives worldwide, the
World Bank to inject $600 in the Uganda- Kenya Oil pipeline
The World Bank has pledged to inject $600 to facilitate the construction of a regional pipeline linking oil fields in Uganda, Kenya and South Sudan. In a statement made on Monday the World Bank said that the funds would be provided by its private- lending arm, the International Finance Corporation. The fund is part of