Energy, Oil & Gas

Energy, Oil & Gas

Uganda, Tanzania agree on $3bn crude oil pipeline tax plan

Uganda and Tanzania have finally agreed on a tax plan for the proposed $3.5bn crude oil export pipeline, a key milestone that paves way for an inter-government agreement spelling out the terms and conditions and operationalising the project.
Energy, Oil & Gas

Uganda to award three exploration licences in June

Uganda will issue three exploration licences and sign Production Sharing Agreements (PSAs) with three oil companies that made it to the last round of the first competitive licensing process, opened in February 2015.
Energy, Oil & Gas

Electricity prices down 1.5% in second quarter

Umeme, the power distributor, will reduce the prices of electricity by 1.5% in the second quarter of 2017, in line with a tariff adjustment by the Electricity Regulatory Authority.
Corporate earnings and resultsEnergy, Oil & Gas

Higher finance costs and flat earnings dim Umeme’s profit

Umeme’s net profit fell 5.8% in 2016 to Shs99.7 billion, weighed down by higher financing costs and flat earnings, the power distributor said in full year results released on Monday.
Energy, Oil & GasMergers & Acquisitions

Total completes acquisition of Gapco

Total S.A. has completed the acquisition of Gulf Africa Petroleum Corporation (Gapco) from India's Reliance Industries Limited following regulatory approvals.
Total fuel station in Kampala
Energy, Oil & Gas

Ziria Tibalwa Waako appointed as new ERA CEO

Ziria Tibalwa Waako is the new chief executive of the Electricity Regulatory Authority, replacing Benon Mutambi who was appointed permanent secretary of the Internal Affairs ministry last year. Ms Waako has been acting CEO since last November.
Energy, Oil & Gas

Three companies awarded design studies for Buliisa project

Total E&P Uganda, China National Offshore Oil Corp., and Tullow Uganda have launched Front End Engineering Design (FEED) studies for Exploration Area 1 (EA1) in Nwoya and Exploration Area 2 (EA2) in Buliisa district.
Energy, Oil & Gas

Uganda and Tanzania mull going to international market for oil pipeline financing

Uganda, Tanzania and the three Joint Venture (JV) partners, Tullow Oil Uganda, Total E&P and Cnooc, will later this month issue a request for proposals for a consultant to offer transaction advice on the proposed $3.55 billion oil pipeline.
Energy, Oil & Gas

Tullow sells oil project stake to Total for $900 million

Tullow Oil announced on Monday that its selling part of its stake in Uganda's oil project to Total E&P Uganda B.V. for $900 million.
Kyehoro Camp operated by Tullow in Uganda
Energy, Oil & Gas

Russia taps another firm for consideration in refinery deal

Russia is looking for another homegrown company to finance and construct Uganda's greenfield oil refinery, following the exit of RT Global Resources, the consortium led by Rostec, a state defence and technology corporation.
Previous 1…1314151617 Next