African Leadership magazine has unveiled three Ugandans, Patrick Bitature, Winnie Byanyima, and Ernest Rubondo, among nominees for its African Persons of the Year (POTY) 2023 awards. ANALYSIS | MONITOR REPORTER | The ALM Persons of the Year (POTY) awards presentation ceremony is a flagship annual event of the African Leadership Magazine, …
Read More »Rubondo inspects Tilenga oil infrastructure ahead of drilling
Hoima, Uganda | THE INDEPENDENT | Earnest Rubondo, the Executive Director of the Petroleum Authority, is currently undertaking a three-day visit to the Tilenga project in the Albertine region, operated by TotalEnergies. According to sources within the Authority, the purpose of Rubondo’s visit to the Tilenga Oil Infrastructure is to assess their readiness …
Read More »KINGFISHER FIELDS: Uganda starts drilling oil wells
At the current oil prices of about $87.5 per barrel, the Kingfisher project will account for about 15% of the total oil revenues to government from upstream, which is $6.9billion in total and $360million per year. Kikuube, Uganda | THE INDEPENDENT | President Yoweri Museveni has today launched the commencement …
Read More »‘Pace of Uganda’s critical oil and gas infrastructure impressive’
Oil projects expected to spur other sectors of the economy Kampala, Uganda | RONALD MUSOKE | The government is impressed by the pace at which the critical infrastructure necessary for oil production that is now scheduled for the first quarter of 2025 is moving, said Ramathan Ggoobi, the Permanent Secretary …
Read More »Uganda develops oil spill contingency plan
The east African nation hopes to start oil production in 2025 Kampala, Uganda | RONALD MUSOKE | Uganda finally launched its national oil spill contingency plan, detailing its preparedness to respond in the event of an oil spill. The East African nation hopes to produce its first oil in the …
Read More »Disaster policy will ensure oil companies pay for any spills
Hoima, Uganda | THE INDEPENDENT | The government has launched the National Oil Spill Contingency Plan, a disaster preparedness and management framework, in case of an oil spillage incident in the industry. The plan is aimed at preventing or managing disasters that may arise when a liquid or semi-liquid petroleum …
Read More »Insurance sector boost
Players are changing tactics to deal with the sector’s penetration headache | THE INDEPENDENT | Why has Uganda’s insurance penetration remained below 1% for many years? This is the question that has been asked several times and players continue to scratch their head to answer it. The public will be waiting …
Read More »Focus turns to food and housing needs as L. Albert Oil Project gathers pace
Kampala, Uganda | RONALD MUSOKE | As the construction phase of the L. Albert Oil Development Project gathers pace, focus has now turned to how best local entrepreneurs in the agriculture and housing sectors can maximise opportunities the oil industry is attracting into Uganda. Two studies were launched on Feb. …
Read More »TotalEnergies, CNOOC sign off $10bn Uganda oil project
First oil expected in 2025 Kampala, Uganda | RONALD MUSOKE | Finally, the international oil companies, TotalEnergies SE and the China National Offshore Oil Corporation (CNOOC) announced they are ready to produce oil in Uganda in a US$10 billion project. Reaching this point had taken a whopping 15 years of …
Read More »‘Refinery delay will not halt Uganda’s march to first oil’
The oil refinery, one of the four flagship projects needed to commercialize Uganda’s 1.4bn barrels of oil appears to be lagging behind but government technocrats say the project will not deter the country’s march towards first oil scheduled for 2025. Kampala, Uganda | RONALD MUSOKE | The refinery set to …
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