Uganda is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government said on Wednesday. Continue reading
KAMPALA – New discoveries of natural resources in several African countries – including Ghana, Uganda, Tanzania, and Mozambique – raise an important question: Will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries? Continue reading
Uganda has received seven bids for six oil exploration blocks offered in a licensing round and it plans to choose the winners and sign deals by the end of June, the Ministry of Energy and Mineral Development said on Wednesday. Continue reading
Uganda’s government is still considering a pipeline through Tanzania to export oil if it proved cheaper than alternatives, an official said on Wednesday, even though the Ugandan president indicated last month that a route through Kenya had been picked. Continue reading
Government of Uganda has concluded the evaluation of Applications for Qualification from the 17 firms that submitted the Applications. Dr. F.A Kabagambe-Kaliisa, Permanent Secretary of the Ministry of Energy & Mineral Development, said: ’16 of the 17 firms that submitted the Applications met the evaluation criteria as spelt out in the Request for Qualification document and will therefore proceed to the Request for Proposal stage of this licensing round. The firms were evaluated based on their technical competence, financial capabilities, legal qualifications as well as National Content and Health Safety and Environment track record.’ Continue reading
Africa Oil Corp has announced that following a state visit to Uganda by His Excellency Hon. Uhuru Kenyatta, President of the Republic of Kenya, a joint communiqué from both Governments was issued on 10 August 2015 which stated that ‘the two Heads of State agreed on the use of the Northern Route i.e. Hoima-Lokichar-Lamu for the development of the crude oil pipeline.’ Continue reading
Those firms interested in picking up acreage in Uganda will get a chance to peruse the government’s information on the country’s first competitive licensing round at an event put on in London. The government will promote the licensing round at the Waldorf Hilton Hotel in London at the 12thAfrica Independents Forum 2015 May 26 and 27.
The event is a joint venture between ITE Group Plc and Global Pacific & Partners; it gathers players from across Africa, including key financial markets, equity financiers and investors. Continue reading
Although Uganda’s energy ministry has failed to offer a single new exploration licence since 2007, Ernest Rubondo, boss of the Petroleum Exploration & Production Department (PEPD) is to showcase six new blocks at the 7th East African Pettroleum Conference & Exhibition to be held in Kigali between March 4-6.
Major energy players are gearing up for an event that will showcase 16 bankable projects that are ready to be financed in Africa, including renewable energy schemes. The Global African Investment Summit, held in London from October 20-21, hopes to gain direct funds from some of the world’s largest institutional investors into projects across the continent, putting a focus on Ghana, Rwanda, Tanzania, and Uganda. Continue reading
Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump the region’s new oil bonanza to the coast for export, a senior Kenyan energy ministry officials said on Thursday. In June, the three countries invited bids for a consultant to oversee a feasibility study and initial design for the construction of a 1,300-km (808-mile) oil pipeline to transport crude to the Kenyan coast. Continue reading