Uganda Oil News
3.3K views | +0 today
Follow
 
Scooped by ACMEUganda
onto Uganda Oil News
Scoop.it!

Chimp Reports - Ugandan MPs riot in Parliament

Ugandan MPs riot in Parliament due to misunderstandings over clause nine of the Oil Bill.

more...
No comment yet.
Uganda Oil News
A digest of media reports on Uganda's oil industry curated by the African Centre for Media Excellence
Curated by ACMEUganda
Your new post is loading...
Your new post is loading...
Scooped by ACMEUganda
Scoop.it!

Tullow Enacts Tough Measures Amid Financial Hardships

Tullow Enacts Tough Measures Amid Financial Hardships | Uganda Oil News | Scoop.it
Tullow Oil Plc has initiated strict measures to cut down on its losses resulting from a fall in oil prices and a farm down in Uganda. Tullow is one of the joint
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Uganda advised on oil tax laws

Uganda advised on oil tax laws | Uganda Oil News | Scoop.it

Uganda might have to clearly write out its tax laws to avoid any looming battles with international companies – battles that might cost it money and time.

 

During a seminar in London recently, experts pointed to the tax cases Uganda has had with Heritage Oil and Tullow Oil, where they commended the government for winning the cases, but feared they could later lose cases if the laws are not clear enough. 

more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Total hopes oil price fall will incentivize Uganda, Kenya on crude pipeline - Oil | Platts News Article & Story

Total hopes oil price fall will incentivize Uganda, Kenya on crude pipeline - Oil | Platts News Article & Story | Uganda Oil News | Scoop.it
Total hopes oil price fall will incentivize Uganda, Kenya on crude pipeline - Read this Platts oil news article here. Plus discover more oil market news, products & services.
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Uganda announces first crude oil sale and auction of new exploration blocks

Uganda announces first crude oil sale and auction of new exploration blocks | Uganda Oil News | Scoop.it

Ugandan crude will be sold for the first time this year. The one-off sale by competitive bidding consists of 40,000 barrels extracted and stored earlier from extended well testing. An announcement about the sale was made by the Petroleum Exploration and Production Department [PEPD] the oil sector planning and regulatory body based in Entebbe.

more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Cultural institutions and the share they got in Uganda’s oil: why Bunyoro should be contented

Cultural institutions and the share they got in Uganda’s oil: why Bunyoro should be contented | Uganda Oil News | Scoop.it
If the total worth of Uganda’s oil was to be divided into 100 shares, Bunyoro would be entitled to only less than a share of that worth. Not that it deserves anything more or less. It’s what the (soon to be enacted) law stipulates and going by Austin’s theory, the law is the law. It…
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Discontent over local content

Discontent over local content | Uganda Oil News | Scoop.it

The Association of Uganda Oil and Gas Service Providers has up to 78 member companies and organisations plus 24,000 farmers in the districts of Hoima, Masindi, Buliisa and Nwoya. Over the last several years, these suppliers have been gearing up and talking big about reaping from the oil and gas industry. 

more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

More on debt, macroeconomic stability, and natural resources in Africa (Uganda Edition)

More on debt, macroeconomic stability, and natural resources in Africa (Uganda Edition) | Uganda Oil News | Scoop.it
See earlier posts on this subject here and here. Below is a quote from FP on Uganda's growing petroleum sector (see also the Global Witness report on Uganda's secret oil contracts here): The bulk o...
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Lucky Countries Or Lucky People: Will East Africans Benefit From Their Natural Resource Discoveries?

Lucky Countries Or Lucky People: Will East Africans Benefit From Their Natural Resource Discoveries? | Uganda Oil News | Scoop.it
While oil and gas discovers have made some countries wealthy, the resource-rich East African countries tend to have worse development outcomes than other Africans. Borko Handjiski and Alexander Huurdeman discuss the effects of how governments go about managing their natural resources.
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Uganda to announce refinery investor- officials confirm

Uganda to announce refinery investor- officials confirm | Uganda Oil News | Scoop.it
Concerns over fluid oil price scenario in the “short to medium” term likely
to be balanced with considerable concessions on the investment considered
one of the pillars of Uganda’s approach to the oil sector.
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Mixed fortunes from oil: Long on wishes, short on cash

Mixed fortunes from oil: Long on wishes, short on cash | Uganda Oil News | Scoop.it
My A-Level geography teacher, Mrs Emuria, taught us World Problems and Development. She was often very creative in how she delivered her material and decades later
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Embattled oil waste company leaving Uganda | Oil In Uganda

Embattled oil waste company leaving Uganda | Oil In Uganda | Uganda Oil News | Scoop.it

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.

more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

economicseive: The FALL IN OIL PRICES A WAKE UP CALL FOR UGANDA

economicseive: The FALL IN OIL PRICES A WAKE UP CALL FOR UGANDA | Uganda Oil News | Scoop.it

To economists, oil prices follow a random walk (volatile and unpredictable), the very reason many economists are reluctant in forecasting oil prices. As a matter of fact, prices of oil have had five upward and downward swings since 2008.   As such, I shall not endeavour to foolishly forecast the path of oil prices, but I must intimate that since the 5 year forward oil price in futures markets is higher than the current (spot) price, it is a strong indication that prices will increase. In 2009, 5-year forward price was lower than the spot price, which was indicative of potential fall in prices. 

more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Kenya: Uganda Oil Refinery Builder to Be Named

Kenya: Uganda Oil Refinery Builder to Be Named | Uganda Oil News | Scoop.it
The winning bidder for the construction of an oil refinery in Uganda will be announced before end of next month, setting East Africans on the path to becoming oil producers.
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Tullow Oil Earnings: What to Watch

Tullow Oil Earnings: What to Watch | Uganda Oil News | Scoop.it
U.K. oil explorer Tullow Oil is scheduled to report its full-year 2014 earnings before the market opens Wednesday. Here's what you need to know.
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Uganda says oil revenue possible alternative to Chinese cash for railway

Uganda says oil revenue possible alternative to Chinese cash for railway | Uganda Oil News | Scoop.it
Uganda could rely on income from future oil exports to finance an 8 billion US dollar railway.
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Oil & Gas Africa: East Africa To Auction More Exploration Blocks In 2015

Oil & Gas Africa: East Africa To Auction More Exploration Blocks In 2015 | Uganda Oil News | Scoop.it
East Africa is riding a wave of change in the management of exploration and production rights of its newly struck oil and gas resources amid growing pressure for transparency and accountability
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

How to keep investors’ taps flowing as global oil prices head to rock bottom

How to keep investors’ taps flowing as global oil prices head to rock bottom | Uganda Oil News | Scoop.it
How can East Africa ace the competition and ensure international oil companies keep supporting the region’s drive towards becoming a successful commercial oil producer?
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Government to Build Petroleum Institute in Nwoya - Acholi Times - The voice of the Acholi people

Government to Build Petroleum Institute in Nwoya - Acholi Times - The voice of the Acholi people | Uganda Oil News | Scoop.it
Government will build a petroleum institute in Nwoya district to produce “highly qualified and specialized” technicians needed by the oil industry. In October last year, government unveiled an ambitious plan for the host communities in the oil-rich Albertine region under the new
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Uganda oil now for 2020

Uganda oil now for 2020 | Uganda Oil News | Scoop.it

When he arrived in Kampala from Paris in October 2014, the tough talking new Total E&P (Exploration and Production) boss Francois Rafin had one mission on hand; securing a production licence. Where the man he was replacing, Loic Laurandel, had cooed and purred in discussions with government officials over the slow pace in the country’s oil sector,

more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

First competitive licensing round soon | Oil In Uganda

First competitive licensing round soon | Oil In Uganda | Uganda Oil News | Scoop.it

Government is continuing to make preparations for the first competitive licensing round for acreage in the country’s oil-rich Albertine Graben.

State Minister for Energy, Simon D’ujanga, told Parliament this week that Cabinet approved the plans two weeks ago after which a report was submitted  to the House as required by the Petroleum Exploration, Development and Production Act 2013.   The announcement inviting Companies to participate in the licensing round is yet to be made.

more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Some quick facts about the oil discoveries and resources in Uganda

Some quick facts about the oil discoveries and resources in Uganda | Uganda Oil News | Scoop.it
When every one is talking about Oil in Uganda, these facts should be on our finger tips and any pers...
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

More oil fields up for grabs in the Albertine | Oil In Uganda

More oil fields up for grabs in the Albertine | Oil In Uganda | Uganda Oil News | Scoop.it

Government has opened up seven exploration areas in the oil-rich Albertine Graben to bidders, the second exercise of this kind since commercially viable oil was discovered in 2006.

State Minister for Energy, Simon D’ujanga, told Parliament yesterday that the exercise started two weeks ago although companies are yet to be officially invited to acquire stakes in these blocks.

more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

East African boom on its way | East & Horn Africa

East African boom on its way | East & Horn Africa | Uganda Oil News | Scoop.it
The International Energy Agency predicts that by 2040 sub-Saharan Africa will be producing more natural gas than Russia, with much of it coming from Tanzania and Mozambique.
more...
No comment yet.
Scooped by ACMEUganda
Scoop.it!

Africa: How will the oil price collapse affect the Africa Rising story? - Norwegian Council for Africa

Africa: How will the oil price collapse affect the Africa Rising story? - Norwegian Council for Africa | Uganda Oil News | Scoop.it
I have vowed never to use the overused phrase ‘Africa Rising’ ever again, having long been somewhat cautious of the integrity of the projected growth rates and prospects for inclusive prosperity as I wrote here. However, while there is a lot to be positive about regarding African economic development, the commodity-driven stellar growth narrative is now being subverted by the oil price collapse.
more...
No comment yet.