On Nov.10, Tullow Oil plc announced the completion of the sale of its assets in Uganda to French super major, Total. The US$ 575 million (Shs 2.15trillion) deal finally brought Tullow Oil’s 16-year involvement in Uganda’s oil project to an end. Kampala, Uganda | RONALD MUSOKE | When Tullow entered …
Read More »Compensation of oil pipeline affected persons to start next year
Kampala, Uganda | THE INDEPENDENT | The compensation of people affected by the East African Crude Oil Pipeline (EACOP) project, countrywide is expected to start early next year. The 1,443km crude oil export pipeline will transport Uganda’s crude oil from Hoima in Uganda to the Chongoleani peninsula near Tanga port in …
Read More »Total now biggest shareholder in Uganda’s oil Project
Govt’s green light to Total raises its stake to 66.66% Kampala, Uganda | RONALD MUSOKE | French oil firm, Total, will become the biggest shareholder in Uganda’s oil project following the government’s approval of the sale of Tullow’s 33.33% stake of its Ugandan assets at US$ 575 million (Approx. Shs …
Read More »Oil pipeline tenders launched – Pouyanne
Total Chairman and Chief Executive Officer says ‘Africa is to remain at the Heart of Total’s Strategy’ Kampala, Uganda | THE INDEPENDENT | The Chairman and Chief Executive Officer of Total, Patrick Pouyanné, has said “Africa is to remain at the Heart of Total’s Strategy.” He was speaking ahead of …
Read More »Total promises to fast track Uganda oil project
Local entrepreneurs remain cautious Kampala, Uganda | RONALD MUSOKE | Following the signing of the host government agreement with Uganda on the weekend of Sept.11, senior officials from the French oil major, Total, say they are now ready to move faster project activities that will ensure Uganda produces first oil …
Read More »Government yet to grant Tullow sale of Ugandan assets
Uganda is yet to approve the multi-trillion shilling deal involving Total E&P and Tullow Oil since the two firms announced their planned transaction, three months ago. Kampala, Uganda | RONALD MUSOKE | In a statement delivered via a webinar during the national content supplier workshop on Aug.5, Total E&P Uganda …
Read More »Delays in Uganda’s oil
Here are the likely impacts of delays in making the Final Investment Decision after seven postponements | CORTI PAUL LAKUMA | Yet again the final investment decision (FID) on oil production in Uganda was delayed in August 2019. The delay meant that the date for first oil had to be …
Read More »Govt expects FID in early 2020
Uganda woos new oil investors in Cape Town Kampala, Uganda | RONALD MUSOKE | Despite the current stalemate in the local oil and gas industry, the government remains optimistic that the joint venture oil companies involved in commercializing Uganda’s petroleum resources will reach a final investment decision before April, 2020. …
Read More »Civil society concerned over oil pipeline
CSOs accuse NEMA, oil companies of doing sham environmental impact public hearings Kampala, Uganda | RONALD MUSOKE | Civil society organisations that are tracking developments in Uganda’s fledgling oil and gas industry have asked the National Environment Management Authority (NEMA) to ensure transparency and accountability whenever citizens are appraising oil …
Read More »Pipeline affected persons in fear of attacks
Kampala, Uganda | THE INDEPENDENT | Tension is high among communities on the proposed route for the crude oil pipeline in Rakai and Kyotera districts as thugs raid their homes demanding for compensation money. Hundreds of people in Rakia and Kyotera districts required to vacate their land are upon compensation to …
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