Companies
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Petroleum Directorate formed as oil institutions begin to take shape
Thursday, 16th April 2015 | Companies, GovernanceAg. Director of the Petroleum Directorate, Ernest Rubondo
A Petroleum Directorate has been established in the Ministry of Energy and Mineral Development, Oil in Uganda has learnt. Read More
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Massive interest as first competitive licensing round is launched
Thursday, 26th February 2015 | Companies, InternationalEnergy Ministry Permanent Secretary, Kabagambe Kaliisa at the launch of the licensing round in Kampala. (Photo: F. Nalubega)
Energy Ministry officials told media on Tuesday that 400 companies have already expressed interest in the blocks that were opened up for licensing this week in Uganda’s first competitive licensing round. Read More
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Refinery contractor’s military links raise eyebrows
Rosoboronexport, a subsidiary of Rostec, supplied six Russian made Sukhoi Su-30MK2 fighters to Uganda in a deal that was said to be worth at least US$740 million. Read More
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We will work with communities-Refinery contractor
Energy Minister Irene Muloni
The Russian firm that is leading the consortium that has won the multi-billion dollar refinery bid has told Oil in Uganda that its focus will be on maintaining good working relations with the communities in the refinery project areas. Read More
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Mining Indaba: The two conflicting agendas
Activists march through the streets of Cape Town en route to the Convention Center where the Invest in Africa Mining Indaba is taking place (Photo: C. Musiime)
Two very important events opened simultaneously yesterday in Cape Town, South Africa: One is Africa’s biggest and most attended meeting on mining, the Invest in Africa Mining Indaba, which is taking place at the International Convention Center. Read More
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First competitive licensing round soon
Government is continuing to make preparations for the first competitive licensing round for acreage in the country’s oil-rich Albertine Graben. Read More
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Embattled oil waste company leaving Uganda
Over 1200 people are living in a camp as they await a court decision on whether they can return to the land. Here, an official from ActionAid Uganda is pictured handing over food items to women in the camp in December last year.
The embattled oil waste management company that has been in the news for its involvement in a land deal gone bad in Hoima that left almost 200 families homeless has decided to cease operations in Uganda. Read More
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Low oil prices forcing companies to lay off staff
Tullow Uganda’s drilling engineers at work. Such jobs are getting scarce as oil companies downsize amidst weak returns from low oil prices. (Photo: Tullow Oil Uganda)
2015 looks set to be the harshest year for the global oil and gas industry in recent times with hundreds of thousands of people expected to lose their jobs if oil prices continue their free fall or fail to recover significantly in the next few months. Read More
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Transparency activists look to 2016 as UK leads the EU in adopting new law
Starting 2016, it will be possible to track the amounts of money some oil and gas companies are paying to governments around the world, including Uganda.
Oil, gas, mining and logging companies incorporated or listed in the United Kingdom will, starting in 2016, publicly disclose all payments they make to governments of countries in which they work following the passing into law of the European Union Accounting Directive by the British Parliament yesterday. Read More
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Oil prices fall further as defiant OPEC seeks to hurt US producers
Sunday, 30th November 2014 | Companies, InternationalCrude oil prices since 2005 (Source: NASDAQ)
Crude oil prices sunk to a new $72-a-barrel low on Friday following a controversial decision by the Organisation of Petroleum Exporting Countries (OPEC) to maintain current production in a bid to undermine production from the United States-a non-OPEC member whose shale oil has been flooding the market. Read More