Energy, Oil & Gas

Energy, Oil & Gas

Electricity prices drop by 1.6%

Electricity tariffs to be charged by Umeme for the first three months of the year reduce by an average of 1.6 per cent
A row of steel lattice electricity pylons carrying power lines across a rural landscape during dawn.
Energy, Oil & Gas

TotalEnergies hires investment banker to review land acquisition for Uganda projects

TotalEnergies has appointed an economist and former prime minister of Benin to review its land acquisition programme in Uganda and Tanzania for the Tilenga and Pipeline projects
Lionel Zinsou is a French-Beninese economist and investment banker, and was the Prime Minister of Benin from 2015 to 2016. He has been hired by TotalEnergies to conduct a review of its land acquisition programme in Uganda and Tanzania for the Tilenga and oil pipeline projects. His review will assess land acquisition procedures, consultation conditions, compensation and resettlement of affected people, and grievance redress mechanisms. It will also assess the efforts made by TotalEnergies EP Uganda and the East African Crude Oil Pipeline (EACOP) to improve the livelihoods of those affected by the land acquisition.
Energy, Oil & Gas

Oranto granted another extension of exploration licences

Oranto Petroleum's exploration licences for the Ngassa block in Hoima and Kikuube districts have been extended for two years
An inland oil rig
CompaniesEnergy, Oil & GasMergers & Acquisitions

Ionic Rare Earths increases stake in Makuutu project to 94%, says deal will ease financing negotiations

Mine expected to start production in first quarter next year, albeit small scale and for potential customers and off-takers
Ionic Rare Earths Limited workers at the Makuutu Rare Earths Project in Eastern Uganda. Ionic Rare Earths Limited, the Australian mining company, has acquired an additional 34 per cent interest in Rwenzori Rare Metals Limited, the owner of the Makuutu Rare Earths Project, bringing its majority interest in the project to 94 per cent, as it prepares for small-scale production in a few months' time.
CompaniesEnergy, Oil & Gas

Careful management of market uncertainties required to maximise returns from oil and gas

Uganda's oil and gas industry needs a minimum global crude oil price of $63 (Shs237,893) per barrel for maximum profitability
Workers at the Kingfisher Oil Field in Kikuube, Uganda, on 24 January, 2023. Ugandan President Yoweri Museveni launched the drilling process at the Kingfisher Oil Field, operated by the Chinese oil giant China National Offshore Oil Corporation Cnooc.
Energy, Oil & Gas

Why East African countries should rethink their nuclear power ambitions

Costs of building, maintaining, and later decommissioning a nuclear power plant make it one of the most expensive forms of electricity generation
The Dukovany nuclear power station near Dukovany in the Czech Republic. Nuclear power plants are among a number of new energy proposals in four East African countries. Earlier this year, Uganda announced plans to build a 2,000MW nuclear power plant 150km north of Kampala, with the first 1,000MW coming online by 2031. Rwanda also recently signed a deal to build a nuclear reactor, while Kenya and Tanzania have made more or less similar announcements. While it is tempting in many ways for these countries to pursue nuclear power, there are several risks to choosing the nuclear path, the biggest of which is financial.
Energy, Oil & GasOpinion

How green hydrogen can be made to work for Africa

Africa's limited energy infrastructure means that countries can leapfrog fossil fuels and build green economies based on renewable energy and designed to meet their needs
A plant owned by Hyphen Hydrogen Energy. Efforts to build Africa's nascent green hydrogen industry are underway, most notably in Namibia's Tsau Khaeb National Park. In May, the Namibian government signed a feasibility and implementation agreement with Hyphen Hydrogen Energy for a green hydrogen production and supply project near the coastal town of Lüderitz. In June, the government agreed to take a 24 per cent equity stake in the $10bn project, which is almost equal to Namibia's GDP.
EnvironmentScience & Technology

Building climate-resilient African cities — experts outline what is needed

Window of opportunity to secure liveable, equitable, and sustainable futures in the face of climate change is closing fast, more so for Africa
Bujumbura, the capital city of Burundi, on a rainy day. Seventy per cent of African cities have high vulnerability to climate shocks. Meanwhile, Africa is the fastest urbanising region in the world, and is already experiencing climate change impacts first-hand. Without drastic changes in the way energy is produced and consumed in African cities, carbon emissions will increase as these cities develop.
Energy, Oil & Gas

How East African pipeline was designed to keep oil hot and minimise leaks

EACOP will be one of the smartest and safest pipelines in the world, with real-time satellite monitoring that can detect small pressure changes that could indicate a potential leak, officials said
The East African Crude Oil Pipeline route from Uganda to Tanzania
CommoditiesEconomyEnergy, Oil & Gas

Parliament passes law giving government exclusive right to import fuel

MPs said the law will break Uganda's dependence on Kenyan dealers who charge extra fees, leading to higher fuel prices
The main gate of the Parliament of Uganda in Kampala, Uganda
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