Uganda and Kenya have finally settled on 1,380-kilometre Crude Oil pipeline which will run from Uganda’s Oil rich Albertine graben through Lokichar basin in Northern Kenya to the coastal town of Lamu. The announcement of the agreement is a climax of a series of bilateral talks between the two countries in the respective regional northern
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Tanzania President Jakaya Kikwete signs three laws to regulate Oil and gas sector
Tanzania president Jakaya Kikwete has signed into law three pieces of legislation intended to provide a regulatory mechanism to the nations Oil and gas industry. The new oil laws include; Petroleum Act 2015, The Tanzania Extractive Industries (Transparency and Accountability) Act,2015, and The Oil and Gas Revenues Management Act, 2015. Speaking at signing, the Tanzania
British offshore firm ‘Soma Oil and Gas’ on spot over fraud in Somalia
British oil firm Soma Oil and Gas paid gross sums to the Oil ministry in Somalia, to extend the Oil exploration contract it signed with the war-torn country in 2013, the United Nations Somalia and Eritrea Monitoring Group (“UNSEMG”) has revealed. Soma Oil & Gas is an offshore private UK company founded in 2013 to pursue
Uganda President meets Total executives over Crude oil pipeline construction
Uganda President Yoweri Museveni has held a meeting with Total’s Exploration and Production Africa Division Vice President Jabier Rielo over the development of a crude oil pipeline ahead of production in 2018. The meeting was also attended by the Minister for Energy and Mineral development Eng. Irene Muloni and the Permanent Secretary Ministry of Energy
Tullow Oil announce progress in East Africa oil fields as its revenues fall by 35% in half of 2015
Tullow oil plc has announced steadfast progress in its major development projects in East and West African oil fields despite decline in revenue in the first half of the year 2015. According to a statement from Tullow oil on the status of its operations, the company the has registered a fall in its revenue by 35%
Uganda defends abscence of ‘Super Majors’ in Oil and gas sector
The Principle Petroleum Officer at Uganda Ministry of Energy and Mineral Development Peninah Aheebwa has said that the absence of Super Majors in nations Oil and industry is not a sign of stagnation and ineffectiveness. Aheebwa was responding to criticism which appeared in the Observer newspaper following the listing of companies registered in the First Licensing
Uganda approves Environment framework for Oil exploration activities
The government of Uganda has endorsed a policy framework that will regulate oil and gas activities within the oil rich Albertine graben in line with internationally acceptable environment conservation standards. The government took the initiative to develop the Strategic Environmental Assessment (SEA) from 2010 to 2013. According to an official statement from the minister of
Oil and Development: Women Participation will redeem the falling Uganda Shilling
By James Muhindo…. The prevailing unprecedented depreciation of the Uganda shillings against the dollar has sent shock waves to every one of the four corners of the country. The situation is worsened by the fear that forth coming general elections are going to cause more damage, given the experience of a
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