Uganda Readies Three New Basins For Oil and Gas Exploration
The Government of the Republic of Uganda through the Ministry of Energy and Mineral Development is in the process of getting a consultant to help conduct an impact assessment in … Read More
Category: Top News
Statoil Quits Negotiations over Angoche Area A5-A Block, Offshore Mozambique
Norwegian explorer Statoil has said it will no longer engage with Mozambique on acquisition of the offshore Angoche Area A-5 Block citing lack of progress since talks began in 2015 … Read More
2018 Our oil and gas predictions – Ashurst
Oil price stability With the oil price pushing through to the US$70 mark, and further confidence that the price will remain more stable this year, we will see international oil … Read More
Turkana Gets Petroleum Ministry As Energy Docket Is Split
Former Senator and Member of Parliament for the oil rich Turkana County John Munyes has been nominated to head the Petroleum Ministry after the splitting of the Energy and Petroleum … Read More
DNV GL research forecasts oil and gas capex and R&D spending boosts in 2018, but industry still promises to keep a cap on costs
Senior oil and gas sector professionals expect a step change in the industry’s capex, opex and R&D spending levels in 2018, as new research from DNV GL, the technical advisor … Read More
Total Takes Over Maersk Assets in Kenya Commits to Lokichar to Lamu Pipeline Route
The Kenya government has given a greenlight to the acquisition of Maersk Oil and Gas assets in Kenya by Total following the acquisition of 100% of the equity of the … Read More
Helium One Looks to the Australian Bourse to Financing Tanzania Operations
Helium One has informed its shareholders of various financing options available to fund ongoing exploration activities. One of these options may involve undertaking an initial public offering (IPO) on the … Read More
Uganda’s Hotel & Tourism Sector Set to expand as Oil Development Phase kicks in
The hotel and tourism sector in western Uganda in particular is expected to see increased demand as work is set to commence on the development phase in the country’s upstream … Read More
Orca Exploration Announces Closing of the First Tranche of the Swala Investment
Orca Exploration Group has announced that the escrow release conditions have been met regarding the first tranche of the previously announced investment of up to US$130 million by Swala Oil … Read More
Benefits of Strict Internal Control and Compliance Measures in Oil and Gas
Guest Post By John Chacha It was my first international audit assignment in what looked like a very complex environment. I didn’t know the weight of the task that waited … Read More
