Tag Archives: energy

London, United Kingdom | AFP |  Russia’s Rosneft oil giant has paved the way for investment in Libya’s oil sector by signing a Cooperation Framework Agreement with the National Oil Corporation of Libya, it was announced Tuesday. The agreement was signed Monday on the sidelines of London’s International Petroleum Week …

Washington, United States | AFP |  Sub-Saharan Africa, where more than a half billion people live without electricity, trails the world in government policies that promote sustainable energy, according to a new World Bank report Wednesday. Much of the rest of the world, however, has made strides toward making energy …

Total confident despite volatile oil prices Paris, France | AFP |  French oil major Total said Thursday it planned to increase its dividend to shareholders as it expressed confidence earnings could withstand the current volatility in oil prices. Total said in a statement that its headline net profit soared 22 …

Islamabad, Pakistan | AFP |  China’s State Grid Corporation is set to build a $1.5-billion power line across Pakistan to enable the transmission of 4,000 megawatts of electricity from the country’s north to south, the government said Friday. Pakistani and Chinese officials signed an investment agreement in Beijing on Thursday …

Soroti, Uganda | AFP | When power goes out in the rural town of Soroti in eastern Uganda, store manager Hussein Samsudin can only hope it won’t go on so long it spoils his fresh goods. Another shop owner, Richard Otekat, 37, has to pay a neighbour hourly to use …

These Chinese contractors don’t care at all, says Labour minister vow to whip them into line The human cost of accidents, poor health and safety conditions under Chinese contractors in Uganda has come under scrutiny and what is emerging is raising serious concerns. At the heart of the latest concerns …

Vienna, Austria | AFP | Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC cartel in an exceptional bid to end the world’s glut of crude and reverse a dramatic fall in income. Russia and 10 other non-OPEC states will reduce their production by …

Matia Kasaija, the minister for Finance and Evelyn Anite, the minister of State for Privatisation and Investment are locked in disagreement over the appointment of the Chairperson of Uganda Electricity Generation Board (UEGCL). Kasaija appointed Frank Katusiime to the post on Nov 9 but Anite preferred Eng. Proscovia Njuki and …

Lagos, Nigeria | AFP | Nigeria and Morocco are in talks over a huge project to extend a West African gas pipeline to stretch up towards Europe, officials say. Nigerian Foreign Minister Geoffrey Onyeama said in a government video posted on Twitter on Friday that the pipeline would “go along …

Singapore, Singapore | AFP | Oil prices resumed their rise Thursday and held above the $50 barrier following OPEC’s decision to carry out its first output cut in eight years. The Organization of the Petroleum Exporting Countries at a meeting in Vienna on Wednesday agreed on specific targets to enact …