Uganda Ministry of Energy and Mineral Development on July 1, 2015 listed 19 companies that had expressed interest taking up licenses to explore for oil in the Albertine graben. However, analysts have asserted that the nation’s oil and gas sector has failed to attract leading multinationals in the oil and gas industry. According to the observer
Find details of ‘Kenya Oil and Gas Strategic Analysis and Outlook to 2025’ report
International business research firm, Market Research Store, the leading research and consulting service providers for the oil and gas industry, has provided details about Kenya oil and gas sector giving projections of the country’s budding industry in a recently published report. The report titled “Kenya Oil and Gas Strategic Analysis and Outlook to 2025″. provides
Tanzania Parliament pass law to regulate Oil and gas sector
Tanzania House of representatives bowed to the pressure and gave way for the Petroleum law seen as the regulatory mechanism for the nations rapidly growing oil and gas sector. Analysts had earlier said the law is urgent since the nation’s oil sector was operating without a rich legal framework. The passing of the bill presented
Energy Ministry registers 17 multinationals for Oil exploration licencing
Uganda Ministry of Energy and Mineral Development has registered 17 companies for the Licensing Round for Petroleum Exploration, Development and Production of six blocks in the oil rich Albertine Graben. According to the Uganda Directorate of Petroleum , the Process of receiving the Request for Qualification ended on June 30, 2015. The Ministry registered seventeen valid applicants out
Tullow Oil affirms faith in Uganda and regional Oil sector
Tullow Oil plc has affirmed its business hopes and strength in the East African oil and gas industry in a latest statement that summarize recent operational activities and trading guidance of the new financial year 2015. The UK based Multinational noted that the legal and institutional investments in the region present a level playing field which
Tanzania Oil and Gas Expo 2015 to expose East Africa Oil sector to multinational opportunities
The inaugural edition of the Tanzania Oil and Gas Expo in which exhibitors from over 20 countries are showcasing knowledge, expertise and innovations needed for the development of the Oil and gas sector in East Africa is slated for 25-29 August 2015. The expo is a brainchild of Expogroup Worldwide, a middle-sized company, known for organizing
Uganda Prime Minister ask investors for cooperation in development of Oil Sector
Uganda Prime Minister Dr. Ruhakana Rugunda asked investors and major stakeholders in the country’s Oil and gas sector to work together in order to expedite the development of the sector. The Premier made the remarks at the joint meeting of the Policy Coordination Committee and the Oil and gas Technical working group. The two Policy
World is eagerly waiting for East Africa Oil and gas Fields—Expert
The Oil and gas reserves in the East African states of Uganda, Kenya, Tanzania and Mozambique, present unique investment opportunities which Multinational oil companies are eagerly waiting to tap into. Oil and gas analyst and regional general manager for Halliburton, Ramin Lakani said Lakani was speaking at the Oil & Gas Council’s 2015 Africa Assembly
Tullow Oil agrees to settle $250 Million tax dispute to Uganda
Tullow Oil plc has agreed to settle the outstanding Capital Gains Tax (CGT) bill to the government of Uganda and it’s Tax regulatory body Uganda Revenue Authority (URA) after a long standing tax rift. According to an official statement from Tullow Oil, one of the leading players in Uganda’s Oil and gas sector, the company
Tanzania new Oil law seeks to strengthen state control in Oil sector
Tanzania’s new Oil and gas law, The Petroleum Act 2015, currently awaiting debate in National assembly highlights a number of provisions aimed at giving state an upper hand in the Oil and gas sector. The bill was presented by the government in pursuit of giving a legal and regulation framework to the country’s budding oil sector.