Industry news
October 5, 2023 by ucem
CNOOC Uganda has confirmed a final investment decision (FID) for the Kingfisher field, marking another step forward for the Lake Albert development.CNOOC Uganda president Chen Zhuobiao visited the head of the Petroleum Authority of Uganda (PAU) Ernest Rubondo and confirmed this decision. Kingfisher will have 40,000 barrels per day of production. It will consist of […]
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Kampala, Uganda, January 10, 2022 – TotalEnergies EP Uganda has today launched a free online program dubbed the Tilenga MOOC (Tilenga Massive Open Online Course) as part of its commitment to National Content Development in Uganda. The program is aimed at identifying, recruiting, training and developing 120 – 150 talented Ugandans to be able to […]
Mr. Ernest Rubondo, the Executive Director (ED) of the Petroleum Authority of Uganda (PAU) has revealed that the oil companies have submitted contracts worth US$ 6 billion for over 40 work packages for the Tilenga, Kingfisher and East African Crude Oil Pipeline (EACOP) Projects to the PAU for approval. This revelation was made during the […]
As Uganda and by extension, Africa, continue to make significant progress in the development of the minerals sector, it appears the international market is determined to curtail this growth. A lot of this foreign interference is manifested in the work of some of the organizations that are alarmist in nature, more like agents of external […]
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America. Natural gas prices have already surged to almost double that level in oil equivalent terms, and BofA says a spike in demand for diesel could […]
Lack of collateral for financing is one of the challenges hindering local Small and Medium Enterprises (SMEs) participation in the oil and gas industry. This was one of the issues discussed during the virtual industry dialogue for the month of September organised by the Uganda Chamber of Mines and petroleum (UCMP), organised under the theme: […]
Ugandan and Tanzanian private players in the oil sector have formed a partnership specifically targeting joint bidding to take advantage of the jobs in the East African Crude Pipeline which work starts in 2022. further details: CRUDE OIL PIPELINE: Tanzanian and Ugandan oil sector players partner – NTV Uganda
Despite its potential, Uganda’s mineral sector is still struggling characterized mainly by informal, illegal artisan mining, massive speculation with no concrete data on known deposit reserves. Uganda is underexplored and thus largely considered “green field” in terms of mineral deposits potential.A change in circumstances and prioritizing could lead to the sector to become the backbone […]
At a Geneva conference on oil and gas in 2014, Mr Ernest Rubondo, the executive director of Petroleum Authority of Uganda, welcomed investors to fund Uganda’s oil and gas sector. The remarks were given at a time when Uganda was in high gear to secure a lead investor to develop the oil refinery. Is Uganda’s […]
Uganda is set to be a key focus of African Energy Week (AEW) in Cape Town this November, as its flourishing oil industry looks set to boom in the coming years. Uganda’s government has been working hard to encourage more foreign investment recently as the country aims to develop its oil and gas industry significantly […]
The general manager for the refinery project Michael Mugerwa has told the 7th annual oil and gas convention held online, that the 4 billion dollar plant is expected to be commissioned by the year 2026 and the the front end engineering design (FEED) process is at 97% and should be completed by August. (310) OIL […]
Ugandan suppliers looking at providing goods and services to the oil and gas sector need to build partnerships with their local, regional, and international counterparts if they are to fully participate in the multi-million dollar opportunities expected to flow in the coming months. For further details: Companies urged to seek partnerships in oil sector | Monitor
