Tullow Oil Losses Soar to $1.69B for 2019
Irish explorer Tullow Oil has announced that it has recorded a $1.694B in loss after tax for the year ended 31st December 2019. According to the company it has undertaken … Read More
Global oil demand to decline in 2020 as coronavirus weighs heavily on markets – IEA
Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International … Read More
Oil and Gas Activities to Improve Health Sector in Uganda
Dr. Diana Atwine, the Permanent Secretary of the Ministry of Health (MoH) in February led a team from the Petroleum Authority of Uganda (PAU) and the Ministry of Health and … Read More
The Mozambican Gas Promise and Why It Epitomizes the African Dream
It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas find in over sixty years of mostly disappointing oil and … Read More
Toshiba Wins Order in Ethiopia for Small Scale Geothermal Power Generation System for Wellhead
Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) has announced that the company, Toyota Tsusho Corporation and Turkish engineering company Egesim Energy Electro-Mechanic Construction Contracting Co., Ltd. have received an … Read More
Coronavirus to delay most of 2020’s FPSO deliveries and postpone USD30 billion of E&P investments
Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore. Rystad … Read More
TGS welcomes Somalia’s ratification of the Petroleum Law
The Federal Republic of Somalia has confirmed that the country’s Petroleum Law has been ratified by His Excellency, President Mohamed Abdullahi Farmajo. The Presidential Ratification is a landmark moment in the development of Somalia’s natural resources, … Read More
International Energy Agency (IEA) appoints first Africa Programme Manager to expand engagement on energy issues
The International Energy Agency (IEA) hired Maximilian Jarrett as its first Africa Programme Manager to help expand the Agency’s reach and coordinate its work as it deepens its engagement across the … Read More
Kenyan Delegation visits Uganda to Benchmark on Establishment of a Petroleum Regulatory Authority
A delegation from the Ministry of Petroleum and Mines, Kenya has completed a two-day benchmarking and familiarisation visit to the Petroleum Authority of Uganda (PAU), the Ministry of Energy and … Read More
PETROLEUM REPORT PROVIDES DETAILED FINANCIAL INFORMATION AND STATISTICS FROM THE SOUTH SUDAN OIL SECTOR
The seventh Petroleum Report issued by the Ministry of Petroleum, Republic of South Sudan, provides an overview of world oil markets and fundamentals, price forecasts, oilfield reserves, and the ministry’s … Read More
