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Wed,22Nov2017

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Oil & Gas: Uganda gives Tullow Oil, Total production licences

Photo©Stephen Hird/ReutersUganda granted on Tuesday five production licences to UK-listed explorer Tullow Oil and three to France's Total, clearing a major hurdle as the east African country aims to move more quickly towards crude production.

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Uganda to grant oil production licences to France's Total

Photo©Wolfgang Rattay/ReutersUganda's cabinet agreed on Wednesday to allow the energy ministry to grant three oil production licences to France's Total, the presidency said.

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Uganda central bank warns of "debt distress" if oil revenues delayed

Uganda could face "debt distress" in as little as two years if a start to oil production is delayed further, after ramping up its foreign borrowing in recent years.

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Uganda says Tanzania transit fees for its oil capped at $12.20/barrel

File photo©ReutersUganda said on Tuesday the cost of pumping its crude oil via a pipeline through Tanzania will be capped at $12.20 per barrel although the two had yet to agree a final levy in a project likely to be a public private partnership.

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Uganda's oil pipeline to go through Tanzania

File Photo©Sean Proctor/AP/SIPAUganda says its oil pipeline will run through Tanzania to the Indian Ocean coast for exports. The decision was endorsed by East African leaders, who met in Uganda over the weekend.

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Oil & Gas: Uganda receives seven bids in oil exploration licence round

Uganda has received seven bids for six oil exploration blocks offered in a licensing round and it plans to chose the winners and sign deals by the end of June, the Ministry of Energy and Mineral Development said on Wednesday.

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Oil and Gas: Uganda shortlists 17 firms to bid for exploration blocks

File photo©ReutersThe Ugandan government said on Wednesday it had shortlisted 17 oil companies to bid for six exploration blocks in the east African nation, which has found commercial quantities of oil and aims to pump crude in 2018.

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Justice: Tullow pays $250 million to settle Uganda tax dispute out of court

File photo©ReutersTullow Oil has agreed to pay $250 million to settle a tax dispute with the Ugandan government out of court.

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Kenya, Uganda may decide on oil pipeline route by mid-July: official

Photo©ReutersKenya and Uganda could decide by mid-July on the route for a crude pipeline linking their newly found oil fields to the Kenyan coast, a vital step for oil firms to make a final investment decision, a senior Kenyan ministry official said.

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Israeli billionaire finds 3bn barrels of oil in DRC

File photo©ReutersAn oil company owned by Israeli billionaire Dan Gertler said on Thursday it had discovered around 3 billion barrels of oil in the Democratic Republic of Congo, an amount similar to the proven reserves of oil producers Britain and South Sudan.

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East Africa: Kenya or Uganda, Who gets oil first?

Oil companies are keen on Kenya's prospects while firms in Uganda engage in long and difficult negotiations on infrastructure and production contracts. Kenya could edge Uganda out with first exports in 2016.

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Uganda government signs agreements with oil companies

Photo© Tullow Oil Uganda/ReutersUganda on Wednesday signed a Memorandum of Understanding (MoU) on the sustainable development of petroleum resources discovered in the country with licensed oil companies.

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Equatorial Guinea aims for FLNG, to build oil terminal

Equatorial Guinea's energy minister Gabriel Mbaga Obiang Lima says the bulk of the investment will come from the government of Equatorial Guinea, Keppel and a third partyEquatorial Guinea is looking to be the first country in Africa to have a floating liquefied natural gas (FLNG) storage facility, with planned capacity of 2.5 million tonnes a year, its energy minister said on Thursday.

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China's CNOOC to spend $2 bln on Uganda oil field

China's CNOOC has won a final production licence for Uganda's Kingfisher oil field and will spend $2 billion over four years to develop it, a senior Ugandan official said on Thursday.

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There is a fresh impetus to our exploration - Total Oil

Jacques Marraud des Grottes Senior vice-president Africa for exploration and production, Total/Photo©Vincent Fournier for JAAfter a decade of booming oil prices and the rise of new entrants into the African market, Total is responding with an aggressive new exploration strategy.

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Uganda's politics and bureaucracy block the grand oil plan

Tullow hopes approval will be given to start production work at its two Buliisa sites in a few months/Photo©ReutersThe government has been slow to create new legislation to regulate the industry, and is engaged in a long-running struggle with companies over taxation and infrastructure programs.

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