UGANDA: Seven Recommendations After the Final Investment Decision

Source: Natural Resource Governance Institute On Tuesday 1 February 2022, the project’s joint venture partners, TotalEnergies, China National Offshore Oil Corporation (CNOOC) and Uganda National Oil Company (UNOC), announced that … Read More

Use Petroleum to Strengthen Regions Infinite Resources for Jobs and Wealth – President Museveni

President Yoweri Museveni has cautioned the region not to be intoxicated with petroleum as this is an exhaustible resource but urged stakeholders to use it to build the infinite resources … Read More

Uganda, Tanzania, Total Sign Final Agreements for the Lake Albert Resources Development Project

During a signing ceremony held yesterday in Entebbe, in the presence of Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the United Republic of Tanzania, Patrick … Read More

Stanbic, Sumitomo Mitsui, IBC Selected As Financial Advisors For East Africa Crude Oil Pipeline

Standard Bank Uganda alongside Japan’s Sumitomo Mitsui Banking Corp. will be tasked with raising $3.55 billion required for the Hoima to Tanga 1,445-kilometer (898-mile) pipeline after they were contracted by … Read More

MFRI forms a Consortium with Logstor to bid the East Africa Crude Oil Pipeline (EACOP) Project

Global leader in pre-insulated piping and leak detection systems for oil and gas MFRI, has announced that its Perma-Pipe subsidiary has formed a consortium with Danish company Logstor to bid the … Read More

CNOOC begins pre-production well drilling in Uganda

The China National Offshore Oil Corporation (CNOOC) has begun drilling of Kingfisher 4 pre-production well in Hoima district as the company prepares for commercial production in Uganda. The drilling of … Read More

Statoil , ExxonMobil CNOOC fight for Tanzania’s Block 4/3A

[twitter-follow screen_name=’oilnewskenya’] China National Offshore Oil Corporation (CNOOC)  Statoil  and ExxonMobil will have to wait and see who gets the offshore block 4/3A after the three companies submitted bids for … Read More

Oil sector to employ over 100,000 Ugandans in 3 years

About 100,000 jobs will be generated in the oil sector in Uganda in 3 years as the country evolves from exploration and appraisal to development and production. This is according … Read More