Africa's Oil, Gas and Energy News.
Tullow Oil has announced that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive a … Read More
Tullow Oil plc has announced that the Government of Uganda and the Ugandan Revenue Authority have executed a binding Tax Agreement that reflects the pre-agreed principles on the tax treatment … Read More
The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million term loan in favor of East African Development Bank (EADB). EADB will use the loan to … Read More
The Stanbic Business Incubator Centre and Uganda Cooperative Alliance (UCA) have signed a memorandum of understanding to help streamline the businesses operations of member societies across the country. It entails … Read More
The president of Uganda H.E. Yoweri Kaguta Museveni and his Tanzanian counterpart H.E. John Pombe Magufuli have agreed in principle to fast track the implementation of the East African Crude … Read More
Production Group working interest production averaged 77,700 bopd in the first half of 2020, in line with expectations. Full year guidance has been updated to reflect recent strong performance in … Read More
The AUC has acknowledged that on 29 July 2020 seventeen (17) Expressions of Interest (EoI) for the Geothermal Risk Mitigation Facility’s 6th Application Round were received on time and were accepted … Read More
The EITI Board has approved Uganda’s application to join the EITI, making it the EITI’s 54th member country and the 26th in Africa. EITI Board Chair, Rt Hon. Helen Clark, welcomed Uganda to the … Read More
Uganda is preparing to join, the global standard for the promotion of transparency and good governance in the management of oil, gas and mineral resources, the extractive industries transparency initiative (EITI) after … Read More
OPERATIONAL UPDATE The impact of COVID-19 has been managed safely across our business with no impact on our operated production. Group working interest production in the first half of 2020 … Read More
