Tag Archives: oil

Kampala, Uganda | THE INDEPENDENT | The Environmental Social Impact Assessment (Esia) report for the East Africa Crude Oil Pipeline (EACOP), has been finalized and handed over to the National Environmental Management Authority (NEMA). The move signals a major milestone in the impending approval of the project. The study conducted by …

But will oil companies pump money into key infrastructure projects to meet new first oil timeline? Kampala, Uganda | RONALD MUSOKE | Uganda’s oil and gas industry is expected to rake in investments worth over US$ 1 billion this year,according to senior energy ministry officials. The outlay for this year is part of …

  Kampala, Uganda | THE INDEPENDENT | Fishermen in the Albertine Graben are demanding involvement in the oil and gas sector. They argue that despite the improvement of various sectors like roads, Health facilities and Education, the fishing communities have been abandoned. Currently, the government and oil companies are implementing several infrastructures …

Harare, Zimbabwe | AFP | Violent protests in Zimbabwe claimed lives on Monday as soldiers were deployed after the embattled government more than doubled fuel prices, sparking widespread anger. Protesters burnt tyres and barricaded roads while cars were torched as demonstrations turned violent in the capital Harare and Bulawayo, Zimbabwe’s …

Harare, Zimbabwe | AFP | Zimbabwe’s President Emmerson Mnangagwa has announced an sharp increase in fuel prices in a measure to improve supplies as the country struggles with its worst petrol shortages in a decade. After years in international isolation, Zimbabwe’s economy has been on a downturn for more than …

Accra, Ghana | AFP | Norway’s Aker Energy on Thursday said it had discovered oil in commercial quantities off Ghana, which the government welcomed as a potential boost to the economy. The oil and gas operator said exploratory drilling indicated an “estimated 450-550 million barrels of oil equivalent (mmboe)” in the Pecan field, 166 kilometres …

Kampala, Uganda | THE INDEPENDENT | An influx of businessmen and investors in oil related activities has pushed up the demand for accommodation in the Albertine Graben. The area is now attracting more investments from companies and individuals seeking to tap into the Oil and Gas industry. Investors from both within …

Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda (PAU) has approved US$483 million, equivalent to 1.7 trillion Shillings as recoverable costs by five oil companies. The companies are Tullow, Total, China National Offshore Oil Company (CNOOC), Armour Energy and Oranto. According to Ernest Rubondo, the Chief Executive of …

Paris, France | AFP | A French court on Friday fined oil giant Total 500,000 euros ($575,000) for corruption over bribes it paid to secure a huge gas concession in Iran in 1997. The French company was accused of paying $30 million in bribes in return for help in securing …

Kampala, Uganda | THE INDEPENDENT | The planned construction of the Kampala Oil Terminal has suffered a setback as a result of a fresh land conflict pitting the government against one Gideon Kabuye Kirumira. The land, measuring 299 acres in Kiringente Sub County, Mpigi district, was identified in 2007 as a …