Tag Archives: oil

By James Herron After remarkable exploration success in Uganda, Tullow Oil PLC (TLW.LN) and Heritage Oil Ltd. (HOIL.LN) face tough choices over how to develop the oil they’ve discovered. Both companies face immense infrastructure challenges bringing the oil from its remote region to world markets. They have to walk a …

By Agencies Uganda plans to go-ahead with the construction of a mini-refinery for its two billion barrels of crude reserves after previously ruling the idea out, the state energy minister said. Investor interest is heating up for Uganda’s oil discoveries since explorers Tullow Oil and Heritage Oil discovered hydrocarbons in …

By Independent Team & Agencies AS expected, Tullow Oil and its partner Heritage Oil have won back rights to explore for oil in the Democratic Republic of Congo after a year-long dispute, the country’s hydrocarbons minister, Rene Isekemanga Nkeka, has said. Congo’s previous hydrocarbons minister, Lambert Mende, in February 2008, …

By Henry Zakumumpa A growing body of evidence suggests that oil, far from being a blessing to African countries is a curse. Without exception, every developing country where oil has been discovered has seen its standard of living decline and its people suffer, while its less endowed neighbours have gone …

By Juma A. Okuku Social coalitions in terms of strategic collaboration UMA was established in the early 1960s primarily as a forum to represent the dominant Asian manufacturing interests, but was defunct for much of the 1970s and 1980s. It was revived in 1988 and represents the majority of firms …