Stability Is Key For Supermajor Investment In Africa

Although it may appear that much of the exploration activity in Africa is driven by smaller independents, the supermajors still have a significant role to play. In recognition of the importance of the market these supermajors were all well represented by senior executives at this year’s Africa Oil Week. The key message they delivered was that they were ready to invest further in the region but were looking for investment opportunities that could offer them assurance in terms of fiscal and political stability.Searching for stable fiscal regimesWhen it comes to success in Africa, Pam Darwin, vice president Africa Exxon Mobil admits that there is no silver bullet, but one thing that is crucial going forwards is access to capital. “Our industry must continue to strive to meet energy demand for reducing environmental impact,” she said. “To do that we face competition for capital. All our efforts take capital and the…

Uganda, Equatorial Guinea To Pave Way For Africa's Oil Future

Africa Oil Week got off to a high profile start with a prestigious Ministerial and VIP Symposium on the 28th floor of First National Bank's corporate headquarters in Cape Town's Waterfront district. Over 200 senior executives from IOC and NOCs along with ministerial delegations from leading African nations joined to look for solutions to Africa's energy challenges.Amongst the traditional African oil giants were several countries that have been rapidly growing their oil and gas credentials in the form of Uganda and Equatorial Guinea.Uganda joins the exporters clubThe prospects for the hydrocarbon sector in Uganda are looking bright - Uganda will soon export its first crude oil from its Lake Albert oil discovery to the international market, making it one of the countries to have joined the oil exporting countries after the government came to an agreement with Tanzania that enables it to transport its crude oil through the East African…

Some Of Uganda’s Oil Money To Develop Renewable Sources

The Minister of Energy and Mineral Development, Irene Muloni, has the 26th Africa Oil Week (AOW) 2019 that has been sitting in the South African city of Cape Town that Uganda has vast potential for renewable energy sources from the various water bodies in the Country. Muloni who revealed that 90% of Uganda’s energy mix is from renewable sources was discussing national hydrocarbon strategies along with other energy ministers from Ghana, Mali, Cote d’Ivoire, the Democratic Republic of Congo and Rwanda. Uganda’s strategy, she said, is to optimize the investment benefits from the petroleum sector in order to develop durable sustainable infrastructure and acquire technology that will facilitate investment in renewable sources of energy among others. The Africa Oil Week brings together a wide network of global oil and gas operators, contractors and Governments in Africa. Twenty-five (25) ministers and close to 1500 delegates from over two hundred and fifty…

Total Unveils New Excellium Nationwide Campaign

Total Uganda has unveiled a new nationwide campaign dubbed “Epic Battle” aimed at driving increased consumption of its Total Excellium environmentally and engine friendly fuel in addition to rewarding its customers for the continued support. Speaking at the launch event at the Total Nakawa service station, Mr. Obi iMEMBA said the new campaign has a mission to eliminate dirt from car engines. “At Total, we believe a clean engine lasts longer. By eliminating deposits, Total Excellium enables your engine to maintain its performance. Its anti-corrosion technology protects your engine for an extended lifetime. A clean engine uses less fuel. “A fouled engine can increase your fuel consumption; this is why it is essential to keep it clean to maintain its efficiency. Total Excellium contains detergents which make for a reduction in your fuel consumption. A clean engine also pollutes less. “By improving the running of your engine, Total Excellium contributes…

Uganda Promotes Oil And Gas Projects At Africa Oil Week 2019

Uganda's ministry of energy and mineral development officials, led by Hon. Eng. Irene Muloni, the line minister, are in South Africa attending the Africa Oil Week 2019 which commenced on November 4 and ends on 8th November. The officials are using the high profile event in Cape Town, South Africa to interact and interest potential investors to come and do business in Uganda. Muloni, speaking at the event which is running between 4th to 8th November 2019 in Cape Town, South Africa, said Uganda has a highly progressive and lucrative hydrocarbon sector. “Over the course of the week we will hold a National Showcase, highlighting the ongoing second licensing round for oil exploration, which covers five highly prospective blocks with relatively good seismic and other data. Uganda is open for business,” the minister is quoted in a statement shared by her people. Uganda’s Oil and Gas sector offers exciting opportunities…

We Are Working On Legal Framework For EACOP Project – PAU, Total

Officials from the Petroleum Authority Uganda (PAU) and Total East Africa Midstream B.V (TEAM B.V), the subsidiary arm of Total SA that will work on the East African Crude Export Pipeline (EACOP), reveal that they are working on the legal and commercial framework for the project to pave way for the Resettlement Action Plan (RAP) implementation process to commence. “What is happening right now is that we are working with the government on the required Legal Framework for the EACOP project. How long it will take, I may not know but I can assure you we are very committed to this project and work will go on,” noted the CEO of TEAM B.V. While Ali Ssekatawa, the Director Legal and Corporate Affairs at the PAU, said the legal and commercial framework for the project will pave way for the Resettlement Action Plan (RAP) implementation process to commence. Both Marchenko and…

Oil & Gas: South Sudan, Egypt Sign Landmark Cooperation Agreement

South Sudan and Egypt signed a Memorandum of Understanding regarding cooperation in the field of downstream oil and gas, during the 2019 South Sudan Oil & Power Conference. As a testimony to South Sudan’s growing attractiveness as an investment destination, South Sudan Oil & Power (SSOP) 2019 was host to delegations and officials from Kenya, Ethiopia, Egypt, Somalia, Norway, United States and South Africa.During his opening keynote, H.E. Minister of Petroleum of South Sudan, Daniel Awow Chuang, expressed the country’s vision in the oil and gas sector, amid increased production numbers: “The oil production in South Sudan has reached 178 000 barrels per day. We hope to reach 250 000 barrels per day in the near future. We are successfully reaching target thanks to extensive support from our partners and neighbouring countries”. Minister Chuang emphasized on the importance of its cooperation with Sudan, with whom a historic peace agreement was…

SPOC Prepares To Ramp Up Production In South Sudan's Concession

South Sudan is preparing to restart production in various oil fields, including Block 5A operated by Sudd Petroleum Operating Company. A new discovery in the Dar Petroleum Operating Company-operated Adar field will drive investment into the country. Juba will host the third edition of South Sudan Oil & Power (SSOP) 2019, produced by Africa Oil & Power and in partnership with the Ministry of Petroleum of South Sudan on October 29-30, 2019 and South Sudan will launch its first ever bidding and licensing round 2020 at SSOP 2019. Sudd Petroleum Oil Company (SPOC) has proactively started corporate social responsibility activities for local communities surrounding Block 5A in the Tharjath field, which it operates. The activities precede production resumption, which is expected to restart by the end of the year. Work includes the provision of treated water supply, as well as the provision of medical supplies, which currently benefits an estimated…

Public Hearing Calls For Stringent EACOP Environment Safety Measures

The construction phase of the East African Crude Oil Pipeline (EACOP) and its long life existence must consider stringent environment safety measures, stakeholders said during the public hearing for the EACOP, Environment and Social Impact Assessment Report (ESIA) held on 23rd October in Mubende District. “The developer should take into consideration that most areas along the pipeline route are already water stressed. Therefore, the mitigation measures should be adequate to prevent water shortage challenges,” Amooti Kibuuka Francis, the LCV Chairperson of Mubende district said. Dr Tom Okurut, the executive director of National Environment Management Authority (NEMA) assured the Project Affected People (PAPs) and other stakeholders that all feedback on the report will be reviewed to guide the decision on the approval of the report. “NEMA’s mission is to promote sustainable development with balanced social, economic and environment well-being,” Dr Okurut said. Jordan Walter Muhairwe, the CEO of Action for Environment…

Government Committed To Delivering EACOP – Minister Lokeris

The Minister of State for Minerals, Peter Lokeris, has reasserted the government’s commitment to having the East African Crude Oil Pipeline (EACOP) project delivered as planned. “I know many of you had started thinking that the project has stalled but this Public Hearing should now take away all doubt since it is one of the pre-requisites to having the EACOP project delivered,” he said. Lokeris made the remarks during the first session of the EACOP Public Hearing for the Environmental and Social Impact Assessment (ESIA) report, which took place at Kisiita Primary School, Kakumiro District. About 1500 stakeholders participated in the public hearing. Lokeris further urged the Project Affected Persons (PAPs) to re-invest the money they will receive as compensation. “The EACOP project is linear in nature only occupying 30m wide strip of land. If you get your compensation, re-invest it to improve your livelihoods,” he added. The Minister also…
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