Tag Archives: oil

Beijing, China | Xinhua | After losing reliable and more affordable supplies from Russia, the European Union (EU) is facing a very difficult energy sector structural readjustment and may slip into economic recession this winter or next spring, a Chinese scholar on European studies has said. “If there were no …

Kampala, Uganda | THE INDEPENDENT | The sticking issue of the secrecy around the oil Production Sharing Agreement has kept Ugandans unable to get the answer to the question of how much the country will get from the oil and gas sector. The failure by the government to disclose the …

Kampala, Uganda | THE INDEPENDENT | The debate on Uganda’s Oil industry by the European Union Parliament and a subsequent resolution condemning the crude pipeline continues to draw mixed reaction across the country. An online petition to counter the EU legislator’s resolution garnered the intended 7000 signatures in three days …

Don’t dismiss it. Disprove it Kampala, Uganda | JOSEPH WERE | Days after the European Union passed a resolution condemning ongoing investment in fossil fuels in Uganda, the basis for the censure remains unclear. The Lake Albert Development Project consists of several partners, with the French multinational oil company TotalEnergies (Total) …

Masindi, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has challenged the people of Bunyoro sub-region to use the Parish development model-PDM funds wisely in order to transform their livelihoods. According to Museveni, if used properly, the PDM cash will cause a tremendous change in the livelihoods of poor Ugandans …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY European bias against EACOP: Don’t dismiss it. Disprove it THE LAST WORD Inside Museveni’s private favours: How the president’s approach of allocating favours to individual firms has undermined the development of a robust …

Juba, South Sudan | Xinhua | South Sudan’s oil and gas sector is being crippled by years of sanctions imposed by the Security Council following the outbreak of armed conflict in the country in 2013, experts said on Tuesday. Puot Kang Chol, Minister of Petroleum, said that the sanctions are curtailing …

Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Wednesday announced a slight production boost in September despite calls for speedier increases to rein in high crude prices. The oil alliance decided to increase production by 100,000 barrels …

  Beijing, China | THE INDEPENDENT |  Key parts of a modern drilling rig customized by CNOOC International for Uganda’s Kingfisher oilfield, has left the port of Yantai in China for East Africa. The most advanced Chinese oil drilling equipment in the world was shipped to Uganda after a brief ceremony last …

The Democratic Republic of Congo is opening parts of the world’s second-biggest rainforest to drilling following its offer on July 28 of licensing rights for 27 oil and three gas blocks in the region. Initially, Kinshasa had planned to give away 16 oil blocks but it appears that with the …