Tanzania is moving forward with plans to use its extensive natural gas reserves as a substitute for gasoline in transportation. However, there are concerns about its long-term sustainability. Kampala, Uganda | THE INDEPENDENT | Tanzania has pushed East Africa into a new era of gas-powered mobility with the commissioning of …
Read More »Uganda ready to battle all the way to first oil
SPECIAL FEATURE | THE INDEPENDENT | Uganda is determined to exploit its oil and gas resources even with the challenges posed by the energy transition or Net Zero debate. The determination by Uganda to tap into the black gold resources for development will be defended at the upcoming UN Climate …
Read More »Environmentalists Advocate for Subsidized Electricity and Gas for Citizens
Kampala, Uganda | THE INDEPENDENT | Environmental experts in Uganda sounded the alarm, warning that the very heart of the nation’s ecological balance is under imminent threat due to relentless deforestation driven by the insatiable demand for firewood and charcoal. Forefronting this clarion call is Nanteza Patricia, the resolute Executive Director …
Read More »African top economist urges Uganda to fast-track oil and gas
Kampala, Uganda | THE INDEPENDENT | The Africa Development Bank has warned it is “a race with time” for Uganda to begin pumping its oil out of the ground or risk future losses. Edward Sennoga, Second Lead Economist for the AfDB’s East African office said there is an opportunity for …
Read More »Minister Lokeris and NSSF target oil contractors for contributions
Kampala, Uganda | THE INDEPENDENT | Subcontractors in the oil and gas sectors have been urged to ensure monthly contributions to the National Social Security fund. It is emerging that some of the companies that got part of the lucrative deals in the oil and gas development at Tilenga and …
Read More »Focus for UCMP’s 90 Days of Oil and Gas
Kampala, Uganda | THE INDEPENDENT | Uganda Chamber of Mines and Petroleum is running the third edition of 90 Days of Oil and Gas Media Campaign with the main objective of giving an update on the sector’s projects, emerging opportunities, challenges, and possible solutions. Under the theme, “Facts Behind Uganda’s Oil …
Read More »Oil and Gas creates 12,000 jobs in the Albertine
Kampala, Uganda | THE IDEPENDENT | The oil and natural gas sector has so far employed over twelve thousand people during the construction of facilities to get oil out of the ground. Most jobs, according to the Petroleum Authority have followed the February 2023 Final Investment Decision by the Joint Ventures …
Read More »Tanzania’s gas boom that never was
When local hopes are dashed by global realities Kampala, Uganda | AIDEN BARLOW | Rising international commodity prices can shape or reshape the fortunes of places. When large mining and oil and gas prospectors suddenly show an interest, a remote area can become a resource frontier a place that’s far from …
Read More »Oil and gas financing debate
Banks are ready to finance the sector but with stringent conditions Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …
Read More »TotalEnergies restates that Uganda oil plans on track
Patrick Pouyanne says in Uganda and elsewhere, TotalEnergies will focus on investments in low-cost and low-carbon assets. Kampala, Uganda | THE INDEPENDENT | The French oil major TotalEnergies has affirmed its total commitment to extract Uganda’s oil despite concerns by climate activists. The company has been under intense pressure to …
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