Category: Oil & Gas

Uganda is set to commission its first commercial oil production drilling program. The East African country has been keen on fast tracking its oil programs since last year, and has signed a couple of deals to this effect. Last year, Uganda and its collaborators, Total Energies and Tanzania got into an altercation with the European Union on a pipeline project, which the EU declared environmentally harmful. Despite this, the country insisted on going ahead with its oil exploration. As recently as this month, the country signed production-sharing agreements (PSA) for… Read More Here

Uganda has issued the license for the construction of an oil pipeline crossing the country and Tanzania, intended to transport hydrocarbons from East Africa to international markets, and which has aroused the fury of environmental activists. “The approval (of the license) is another sign to demonstrate the joint commitment of the two countries to develop the EACOP project in a harmonized manner,” Ugandan Information Minister Godfrey Kabbyanga said on Friday 18.01.2023 The license was awarded to the East African Crude Oil Pipeline Company Ltd (EACOP) consortium, 62% owned by the… Read More Here

Ethiopia has announced the discovery of new oil deposits that could have a significant impact on the economy of the nation. The Minister of Mines and Petroleum, Tekele Uma Banti, confirmed on Wednesday, January 18, 2023 that exploration of the deposits will begin immediately. As a landlocked nation, Ethiopia currently relies on oil imports from the Middle East and other parts of Africa. A study conducted in Warra Iluu within the Abay Basin revealed that the country has more than 2 billion barrels of crude oil, which could reduce dependence… Read More Here

Uganda has taken a bold step in eliminating the barriers that have hindered commercial petroleum production within the country. The East African nation did this by approving the construction of a $3.5 billion oil pipeline that will transport the country’s crude to international markets. This approval follows the application made by a company controlled by France’s TotalEnergies, (TTEF.PA). Uganda’s state minister for information, Godfrey Kabbyanga, via an email dispatched on Thursday, disclosed that the country’s cabinet approved the application to construct the pipeline by the East African Crude Oil Pipeline… Read More Here

Uganda’s administration has agreed to extend its oil exploration via its recently signed agreements with two oil firms. The government revealed on January 12th, that the country’s cabinet consented to the signing of production-sharing agreements (PSA) for two oil exploration blocks between two oil firms, including a unit of Australia’s DGR Global. The deal was approved on Monday 10th January during a cabinet meeting, where members voted for the new exploration opportunity. According to a statement issued by Godfrey Kabbyanga, a junior information minister, the cabinet on Monday, approved the… Read More Here

A London court has upheld the legality of the British government’s $1.15 billion funding for a liquefied natural gas project in Mozambique, dismissing an appeal brought by Friends of the Earth on Friday 13.01.2023 The environmental campaign group had asked London’s Court of Appeal to rule the British government wrongly decided funding the project, led by French energy company TotalEnergies, was compatible with the Paris Agreement on climate change. UK Export Finance (UKEF) has committed to provide direct loans and guarantees to banks to support the design, build and operation… Read More Here