Tag Archives: oil

Total confident despite volatile oil prices Paris, France | AFP |  French oil major Total said Thursday it planned to increase its dividend to shareholders as it expressed confidence earnings could withstand the current volatility in oil prices. Total said in a statement that its headline net profit soared 22 …

OPINION: Why it was morally right to reward public officials for winning Shs1.6 trillion worth of government revenues By Andrew M. Mwenda “It is not easy to stand apart from mass hysteria, to argue against something that everyone, especially the most respected political leaders, academics, and experts are saying and …

Uganda today marks 31 years since the NRM/NRA took over power. The day’s celebrations have been held in Masindi, western Uganda. The theme for the national celebrations was ‘Uganda’s success story under NRM leadership, a shared victory’. President Yoweri Museveni emphasized five key areas government is now focusing on: Government will focus …

COMMENT: By Joseph Were She should have known that her role in the saga could damage URA; an institution whose brand is integrity One of the most glaring omissions in the ongoing debate around the so-called oil cash bonanza has been the absence of comment and action from the Ministry …

Parliament to investigate “sh6 billion golden presidential handshake” Parliament on Wednesday agreed to set up a select committee to look into what has been referred to as the “Golden Presidential handshake” that cost tax payers sh6 billion. The bonus was paid out to a team of 42 selected government officials …

Tanzania urges speed as study starts on 1450km export pipeline Excitement on Jan.9 filled the boardroom on the fourth floor of Amber House, the headquarters of the Ministry of Energy and Mineral Development in Kampala, as high ranking officials of the governments of Uganda, Tanzania alongside three oil firms jointly …

Oil pundits sees Tullow Oil plc.’s new share sale a strategy to exit the country’s oil sector London-Based Tullow Oil plc’s announcement that it is once again scaling down its stake in Uganda’s oil development, shedding off nearly two thirds of its shareholdings to the rival firm, Total E&P for …

The lawyer representing a petitioner who sought to stop discussion on the sh6 billion cash awarded to a number of selected public servants has apologized to Uganda’s parliament for the issuance of a court order, which stalled government business. “The speaker’s ruling, which is as a result of the court …

Kampala, Uganda | THE INDEPENDENT | Tullow Oil plc (Tullow) has announced it will cease to be a key oil operator in Uganda and that it has agreed a substantial farm-down of its assets  to Total E&P Uganda B.V. (Total). In a press statement released Monday,  Tullow said that once the …

Uganda’s Constitutional Court has issued an interim order stopping parliament from debating,  investigating or inquiring into the presidential hand shake, until a main petition filed against the Attorney General is heard and disposed of. Deputy Chief Justice Steven Kavuma on Monday granted the application filed by Eric Sabiiti the Senior …