Tag Archives: oil

At the current oil prices of about $87.5 per barrel, the Kingfisher project will account for about 15% of the total oil revenues to government from upstream, which is $6.9billion in total and $360million per year. Kikuube, Uganda | THE INDEPENDENT | President Yoweri Museveni has today launched the commencement …

A number of African governments are introducing tax cuts and other incentives to boost the e-mobility industry and drive the demand for eco-friendly vehicles Tunis, Tunisia | BIRD AGENCY | Tunisia has become the latest country to introduce e-mobility incentives as governments across Africa bet on tax breaks and other …

Kampala, Uganda | THE INDEPENDENT | The Cabinet has finally given green light to the energy ministry to grant exploration licenses and sign production sharing agreements (PSA) for two oil exploration blocks in the Albertine Graben. According to the minister of state for National Guidance, Godfrey Kabbyanga a cabinet meeting held …

Hoima, Uganda | THE INDEPENDENT | The Albertine Graben Refinery Project in Hoima will be one of the big oil and gas infrastructure projects to look out for in 2023 in Uganda and Africa. The 60,000 barrels per day refinery is one of the 70 new oil and gas projects that …

Several high-carbon emitting countries in Africa are developing just energy transition plans while still focusing on exploiting their fossil-fuel reserves. Luanda, Angola | BIRD AGENCY | Africa’s carbon-intensive economies are racing to develop just energy transition plans as more green funding commitments begin to flow in. However, these oil and …

Abuja, Nigeria | Xinhua | Nigerian President Muhammadu Buhari on Tuesday inaugurated Kolmani Integrated Development Project to drill oil and gas in the northeastern part of the country. Speaking at the project’s flag-off ceremony in the northeastern state of Bauchi, Buhari said that the Nigerian Kolmani Oil Prospecting Lease (OPL) 809 and …

In Africa, we believe what we see, not what we hear COMMENT | YOWERI KAGUTA MUSEVENI | News from Europe that a vast windfarm is being demolished to make way for a new open-pit coal mine is the reprehensible double standard we in Africa have come to expect. As Europeans …

Kampala, Uganda | THE INDEPENDENT | European ambassadors to Uganda have voiced their cautious support to Uganda towards the development of the oil and gas sector. The envoys say while Uganda has to get the resource out of the ground for its development, it should put the protection of the …

Stockholm, Sweden | Xinhua |  Sweden’s economy is heading for a “grim winter,” the country’s government said here on Monday. “We don’t know yet how cold and grim it will be,” Finance Minister Elisabeth Svantesson said at a press conference here. The government expects Sweden’s gross domestic product (GDP) to …

Uganda President Museveni to deliver keynote at Africa Energy Week Johannesburg, South Africa | THE INDEPENDENT |  President Yoweri Museveni will deliver a presidential keynote address at the African Energy Week 2022 set for October 18 – 21 in Cape Town. According to the African Energy Chamber (AEC), the Ugandan president will …