Tag Archives: oil and gas

Kampala, Uganda | THE INDEPENDENT | The oil and gas companies snubbed Uganda’s insurance industry when importing drilling equipment, which would have raised premiums worth more than one trillion shillings, according to a claim. Specifically, they point at the four drilling rigs that have so far been shipped into the country, …

Moscow, Russia | Xinhua | Russia’s budget revenues in 2022 from the oil and gas industry increased by 28 percent or by 2.5 trillion rubles (36.4 billion U.S. dollars) from the previous year, Russian Deputy Prime Minister Alexander Novak said Monday. Despite sanctions by unfriendly countries, oil production in Russia amounted …

United Nations | Xinhua | UN Secretary-General Antonio Guterres on Wednesday called for taxation on windfall profits of oil and gas companies to ease the impact of the energy crisis on the most vulnerable people. “It is immoral for oil and gas companies to be making record profits from this energy …

Hoima, Uganda | THE INDEPENDENT | A preliminary study by Economic Policy Research Centre (EPRC) has revealed that as oil and gas developments kick off in the Albertine region, the demand for meat and milk has outstripped the supply. Tonny Odokonyero, a research fellow at the Economic Policy Research Centre (EPRC) …

Kikuube, Uganda | THE INDEPENDENT | The Petroleum Authority Uganda-PAU says investors in oil and gas must adhere to environmental, social, and governance concerns or face hefty fines and penalties. The authority’s director of environment, health, safety, and security, Dr. Joseph Kobusheshe says that whoever is looking at opportunities in the …

Kampala, Uganda | THE INDEPENDENT | The government is turning to churches to seek their support for the development of Uganda’s oil and gas sector. Climate activists have stepped up their campaigns against the East African Crude Oil Pipeline (EACOP) by targeting the churches and have had an audience with the Pope …

Why the agenda of “environmental fashion” driven by some environmental activists should consider our uniqueness COMMENT | JOSEPH KOBUSHESHE | Following the announcement of the Final Investment Decision for Uganda’s flagship oil and gas projects, which are expected to deliver first oil in 2025, sections of the media have been …

Brussels, Belgium | Xinhua | European Union foreign ministers did not decide on sanctions targeting Russia’s oil and gas, EU’s High Representative for Foreign Affairs and Security Policy Josep Borrell said on Monday. Addressing the media following a meeting of the EU’s foreign ministers in Luxembourg, Borrell said that although no …

Kampala, Uganda | THE INDEPENDENT | The  Civil Division of the High Court in Kampala has declined to order an injunction against ongoing procurements in the oil and gas sector. Blocking the procurement would halt the ongoing efforts to develop the infrastructure needed to get oil out of the ground. The …

Kampala, Uganda | THE INDEPENDENT | Uganda says the west should allow emerging oil-producing countries in Africa to extract their resource amidst the energy transition debate. Energy transition refers to the global energy sector’s shift from fossil-based systems of energy production and consumption — including oil, natural gas and coal — …