Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) revised down its forecast of global oil demand for 2021, predicting a year-on-year expansion of 5.8 million barrels per day (b/d) in its monthly report published on Thursday. This is about 0.1 million b/d lower than last month’s …
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Buliisa, Uganda | THE INDEPENDENT | Families affected by the construction of the Tilenga Central Processing Facility in Buliisa district has finally received houses as part of their relocation package, thanks to Total E&P. Up to 623 persons in Kasenyi village were affected when the government acquired 320-hectares of land in …
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Hoima, Uganda | THE INDEPENDENT | Uganda is optimistic that the Final Investment Decision-FID on the commercial oil and gas production will be made in the first months of this year to pave way for the construction of the final structures in the sector. These will include the oil …
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Kampala, Uganda | THE INDEPENDENT | The Minister of Energy and Mineral development Mary Goretti Kitutu has disclosed that the Final Investment Decision (FID) for oil production will be taken before the end of March 2021. Kitutu made the disclosure during an interface with the Parliamentary committee on Natural Resources on Wednesday …
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On Nov.10, Tullow Oil plc announced the completion of the sale of its assets in Uganda to French super major, Total. The US$ 575 million (Shs 2.15trillion) deal finally brought Tullow Oil’s 16-year involvement in Uganda’s oil project to an end. Kampala, Uganda | RONALD MUSOKE | When Tullow entered …
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Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Digging for oil: Tullow’s 16-year acrimonious relationship with Uganda ends THE LAST WORD On Uganda’s election violence: How the president,the security services and the opposition are beneficiaries of this political pathology COMMENT Why …
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NEWS ANALYSIS | THE INDEPENDENT | Uganda is expected to get USD 14.6 million (about sh55 billion) as capital gains tax on the sale of oil and gas interests in Uganda by Tullow Oil to French multinational oil and gas company TOTAL SE. The long-drawn-out process of Tullow Oil exiting Uganda …
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How is the Covid-19 pandemic impacting investment in large-scale oil and gas developments in sub-Saharan Africa? Ian Lewis sees tough times ahead Getting upstream oil and gas projects off the ground in sub-Saharan Africa was challenging before the Covid-19 pandemic. Now the operating environment is even tougher, as the industry contends with …
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COMMENT | Hillary Turyatunga | Uganda’s efforts to join the Extractives Industries Transparency Initiative (EITI) that were first expressed in the 2008 National Oil and gas policy recently saw Uganda joining the initiative, making it the 54th country in the world and 26th in Africa to subscribe. EITI is a …
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Total Chairman and Chief Executive Officer says ‘Africa is to remain at the Heart of Total’s Strategy’ Kampala, Uganda | THE INDEPENDENT | The Chairman and Chief Executive Officer of Total, Patrick Pouyanné, has said “Africa is to remain at the Heart of Total’s Strategy.” He was speaking ahead of …
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The Independent Uganda: You get the Truth we Pay the Price