Tag Archives: oil

Dar es Salaam | THE INDEPENDENT | President Yoweri Museveni is in Tanzania to sign an implementation agreement for the East Africa Crude Oil Pipeline (EACOP) project. He joined Tanzania President John Magufuli  at Chato, northern Tanzania, today to witness the signing of the host and implementation agreement. (video bottom) The …

COMMENT | Joseph Mukasa Ngubwagye |  Projects in the oil and gas sector require, among other things, land for temporary and permanent infrastructure and installations. This land acquisition is achieved through Resettlement Action Plans (RAPs) which seek to specify all resettlement arrangements and measures for avoiding, minimizing or compensating losses or …

  COMMENT | Joseph Mukasa Ngubwagye |  The COVID-19 pandemic has presented unique challenges across all aspects of society. Healthcare systems have been strained, schools closed, and economies constrained. The energy sector has not been spared. Many oil producing countries have suffered big losses, and their economies have been threatened due …

COMMENT | DANIEL ABOWE | It’s now 14 years since Uganda discovered commercially viable quantities of oil and gas along Lake Albert basin. Since then, Uganda’s oil and gas sector has transitioned from the exploration and appraisal phase to the development phase in preparation for production projected for 2023. Planned …

Secret dirty deals could end as govt signs transparency initiative Kampala, Uganda | RONALD MUSOKE | Uganda’s recent admission into the Extractive Industries Transparency Initiative (EITI) is a “step in the right direction,” according to local civil society. But many also remain cautious. Gerald Byarugaba, the extractive industries coordinator at …

COMMENT | Daniel Abowe |  Corporate Social Responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders during project implementation. It also refers to the corporation’s initiatives to assess and take responsibility for the company’s effects on environmental and social …

Kampala, Uganda | XINHUA | Global emissions of methane have reached their highest level on record, according to a study released by Stanford University on Tuesday. The findings are outlined in two papers published in the journal Earth System Science Data and Environmental Research Letters by researchers from the Global …

Kampala, Uganda | THE INDEPENDENT | Uganda’s dream to be an oil-producing country may not be realized until 2025, the World Bank has said. In its Economic Update report, the bank says “the sharp decline in world oil prices resulting from the COVID-19 crisis could delay oil sector investments in …

The current situation place the country’s businesses in a disadvantaged position compared to their peers in the region       Kampala, Uganda | ISAAC KHISA | Fuel consumers in Uganda could have been in a celebration mood as they reap benefits of reduced prices of the precious commodity that drives many economies …

Lagos, Nigeria | AFP |  Plunging oil prices and collapsing state revenues have seen Nigerian authorities vow an end to a controversial fuel subsidy scheme long criticised as a graft-ridden drain on public finances. But there are major doubts that Africa’s most populous country is finally ready to wean itself off …