Over 3000 residents settling on the ministry of defense land in Kyangwali sub-county are to be evicted by the army to enable it establish a barracks in the area. The barracks is meant to provide security to oil wells in Hoima where oil production is expected to start later this year. The affected residents are […]
The Minister of Energy and Mineral Development Irene Muloni has confirmed that the government has no thoughts to cut on fuel taxes as a measure to lower the current high commodity prices. According to the energy minister, the government last changed the taxes on fuel over two years ago. She says that the current taxes if reduced […]
Tullow oil plc has released a mid year tradig statement and operational statement indicating tremendous success in its Ghana and Uganda oil drilling campaigns. • Record first half revenues; strong operational performance • 79% E&A success ratio; frontier wells in new territories to feature in the second half 5 July 2011 – Tullow Oil plc (Tullow) issues […]
Neptune petroleum Uganda is in process of drilling another well in the west Nile Rhino camp after failing to discover oil in its last two attempts. The new attempt according to a top company official is based on a new prospect located over 15 kilometers away from the spot they last explored. The new exploration […]
With Uganda yet to starting drilling and selling oil with the government ready to bag more revenue to increase the country’s resource envelope, the governor of the central bank Emmanuel Mutebile is advising the government to invest oil revenue in activities that will generate revenue in future. According to Mutebile, oil is one of those resources that gets […]
Uganda should be on its way to a middle income country by the end of 2016, and the country should have solved most of its challenges. President Yoweri Museveni says that once oil production starts, Uganda will solve its energy deficit and be able to independently meet its fuel needs without depending on foreign supply […]
Oil prosp[ecting company Tullow Oil has announced that the Jobi-East-1 and Mpyo-3 wells, in Exploration Area 1 (EA1) onshore Uganda, have both successfully encountered oil in line with pre-drill expectations. The company in a press statement says these wells have successfully calibrated large seismic and gravity data anomalies, which have now been proven as oil […]
As Uganda awaits the first state of the national address under President Yoweri Museveni fourth term that is slated for Monday next week, a cross section of the public are spreading out some of the expectations. The state of the national address precedes the reading of the national annual budget and is made by the […]
Residents living around the proposed oil refinery construction plant in Kabale parish Buseruka sub-county Hoima district are living in great fear of eviction in a wake of increased scramble for land in the oil lake Albertan region. The residents claim there is sudden surge in the number of people looking for land within the vicinity […]
The Government of Uganda has released copies of Oil sharing deal with private companies operating in the country. The copies of the deal presented to the parliamentary library following amount of pressure from civil society organization and lawmakers. According to Henry Banyenzaki, the Head of Uganda parliamentary Forum on Oil and Gas, complainants have in […]