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Uganda Oil & Gas

Why Bunyoro is likely to eat big in the 2021 NRM manifesto

Why Bunyoro is likely to eat big in the 2021 NRM manifesto

By: Byamukama Richard Bard Bunyoro region is made up of eight districts of Hoima, Masindi, Kibaale, Bulisa, Kagadi, Kakumiro and the recent Kikube district. The region has for the past years been a strong hold resource for the current NRM party with one of the highest percentage scores in the past elections with almost every […]

Pandemic weighs to demand but BP returns to profit

Pandemic weighs to demand but BP returns to profit

BP said underlying replacement cost profit, its definition of net income, was $86m (£66m) from July to September. That was down from $2.2bn a year earlier, but a big improvement on its massive second-quarter loss of $6.7bn. Chief executive Bernard Looney said that despite a “challenging environment”, the firm was “performing while transforming”. He added […]

UK Investors struggle to get Shares in Uganda oil sector

UK Investors struggle to get Shares in Uganda oil sector

Investors from the United Kingdom have paid a second visit to Uganda to pave way on how they can improve their chances at acquiring some shares from the Uganda oil and gas sector The businessmen from 11 UK companies, that deal in petrochemical, pipeline, power and renewable industries, met up with senior Ugandan delegates on […]

Total alerts public of fake jobs adverts in relation to Tanzania-Uganda oil pipeline project

Total alerts public of fake jobs adverts in relation to Tanzania-Uganda oil pipeline project

Total East Africa Midstream has warned the general public to be cautious while accepting jobs advertised in relation to the Tanzania-Uganda crude oil pipeline project, saying most are fakes. Total has learnt that various companies have started assuring people that they can help them secure jobs from the East African Crude Oil Pipeline (EACOP) project. Unknown […]

Transaction Advisor needed at Uganda National Oil Company (UNOC)

Transaction Advisor needed at Uganda National Oil Company (UNOC)

Uganda National Oil Company (UNOC) is looking for a transaction advisor to guide the development of a multi-user storage terminal in Kampala. The state-owned company acquired land on the outskirts of Kampala for a $70-million terminal that will serve as a distribution centre for imported petroleum products. The terminal will have an initial capacity of […]

Uganda, Kenya hold talks on oil and gas sharing

Uganda, Kenya hold talks on oil and gas sharing

Uganda National Oil Company has held talks with Kenya National Oil Company and Kenya Pipeline Company on how the two countries can benefit from oil and gas discoveries. In the talk session hosted by the National Oil Corporation of Kenya (NOC) , the companies shared experiences and ways of maximizing the benefits that come with […]

Uganda may incur extra costs for In oil refinery construction

Uganda may incur extra costs for In oil refinery construction

The Uganda oil sector is likely to spend quite more money than the anticipated $4 billion for the construction of the Hoima-based oil refinery following the failure of the East African Community to buy the whole part of the share it was allocated. Although Total SA has taken up a total share of  10 per cent […]

Insurance companies form body to cover risks in Uganda oil and gas sector

Insurance companies form body to cover risks in Uganda oil and gas sector

Uganda insurance companies have formed a body that will extend insurance covers to the companies involved in the Uganda oil and gas industry The coordinator of Oil and Gas Uganda Insures Association, Ms Margie Lokowe, in an interview with Daily Monitor, said Uganda insurance companies have already formed a consortium in preparations of providing insurance […]

Uganda oil only benefiting the rich few-MP Thomas Tayebwa

Uganda oil only benefiting the rich few-MP Thomas Tayebwa

Ruhinda North Member of Parliament (MP), Thomas Tayebwa, has decried parties in the Uganda oil sector to devise measures of inclusion of Ugandans saying that few are benefitting from the oil sector. During a session in which the House Committee on Natural Resources questioning officials from Petroleum Authority of Uganda (PAU) yesterday, Tayebwa said that […]

PPDA wants a share of 30 per cent oil contracts given to Ugandans

PPDA wants a share of 30 per cent oil contracts given to Ugandans

The Public Procurement and Disposal of Public Assets Authority (PPDA) wants the guidelines of at least 30 per cent of the oil and gas work given to  local contractors so as to boost local capacity. According to Mr Benson Turamye, the acting PPDA executive director, the guidelines of 30 per cent of contract value works […]

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