Tag Archives: oil

MOSCOW, RUSSIA | TASS | Growth of world oil demand is forecast to average just below 1 mln barrels per day in 2024 and 2025, as subpar economic growth, greater efficiencies and vehicle electrification act as headwinds, the International Energy Agency (IEA) said in its July report. Consequently, the estimate …

Hoima, Uganda | THE INDEPENDENT |  The World Conservation Society (WCS) is tracking elephants in the Murchison Falls Park to find out if reports about a surge in elephant crop raids in areas neighboring them are true. The African Institute For Energy Governance (AFEIGO) has written to the President of Uganda, claiming …

KAMPALA, Uganda | Xinhua | Uganda said Wednesday that its first shipment of oil has docked at the Kenyan seaport of Mombasa as Kampala moves away from importing the critical commodity through third parties. Uganda National Oil Company (UNOC), a state-run oil agency, said in a post on X, formerly …

Kampala, Uganda | THE INDEPENDENT | Civil society actors in the Energy sector have been asked to join the government’s effort to develop Uganda oil including the East African crude oil Pipeline. The ongoing development of the oil infrastructure in the Albertine Graben has been resisted by some NGOs in Uganda …

Kampala, Uganda | THE INDEPENDENT | TotaLEnergies says it has so far completed the drilling of 47 wells under the Tilenga project in the Albertine Graben. Drilling operations on wells located in Bulisa and Nwoya districts started In July 2023. Some of the completed wells are located in the Murchison Falls …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has stated that the country will earn US$2 billion per annum once oil production starts in 2025. Museveni said that this revenue will be devoted to infrastructure and science development. President Museveni said investing US$2 billion in the two sectors will significantly …

Kampala, Uganda | THE INDEPENDENT | When petroleum resources were discovered in Uganda in 2006, a rift emerged between the government and civil society. It was inconceivable that the government, civil society, and oil companies would meet in one room to discuss how to manage the resource. The situation has “greatly’ …

Cairo, Egypt | THE INDEPENDENT | The Africa Energy Bank is finally ready for implementation, following the signing of the Establishment Agreement between the Pan-African Bank, Afrexim, and the oil-producing countries of the continent. The agreement between the Africa Petroleum Producers’ Organization (APPO) and the Africa Import and Export Bank (Afreximbank) …

Kampala, Uganda | THE INDEPENDENT | Uganda is undertaking a highly controversial oil project amidst fears of likely adverse environmental effects. The debate is far from ending as the clock ticks to the first oil 2025. Will the government honor its pledge to sustainably exploit the resources? The debate has rotated …

Kampala, Uganda | THE INDEPENDENT | The Norwegian Oil for Development Programme (OfD) is ending over thirty years of support to Uganda’s Petroleum sector, that is now ready for take off. Gunnar Sjögren, the Project Director of International Cooperation at the Norwegian Offshore Directorate (NOD)  said Uganda’s petroleum sector’s building …