Sudhir and Rajiv Ruparelia want a part of the oil money

Sudhir Wants Government To Fast Track Oil And Gas Production

The private sector is becoming impatient waiting for the promised oil and gas opportunities to open up. Entrepreneurs who have strategically positioned themselves to tap into these opportunities are calling on government to fast track these possibilities. The latest to voice his frustration at the delays being experienced in the oil and gas sector is businessman Sudhir Ruparelia who has asked government to close the deals that are causing the delays for the development and production of the country’s oil. “I would like to urge government to work towards closing the long awaited oil and gas opportunities. Many investors have made projections and investments based on that opportunity, the longer it takes to materialize, the more these investors will be hard pressed,” Sudhir told CEO East Africa in an exclusive interview. Uganda and the international oil companies are expected to announce a Final Investment Decision (FID) in June. The FID…
Uganda's energy minister Irene Muloni

Uganda Launches Second Licensing For Oil Exploration

The Ugandan Ministry of Energy and Mineral Development launched Wednesday the second licensing round for oil exploration. Energy minister Irene Muloni speaking at the 9th East African Petroleum Conference and Exhibition in Mombasa, Kenya, said. The five onshore blocks on offer cover total area of 1,902 square miles. Companies have six months to submit their bids and licenses will be awarded by December 2020. Muloni said oil production in Uganda is convenient, at less than $1 per barrel, compared to the world average of $2 per barrel. The economic climate in the country is “conducive for investment," she added, thanks to infrastructure development, tax incentives and an educated population. A government statement issued in Kampala on Tuesday said the Avivi, Omuka, Kasuruban, Turaco and Ngaji blocks are located both offshore and onshore of Lake Albert, shared with eastern Democratic Republic of Congo. “The objectives of implementing the second licensing round…
Petroleum Authority Moves To Link Oil & Gas To Agriculture Sector

Petroleum Authority Moves To Link Oil & Gas To Agriculture Sector

The Petroleum Authority of Uganda (PAU) has called on farmers in the country to start preparing to supply food to the oil and gas sector which will further open up its doors when the International Oil Companies (IOCs) reach the Final Investment Decision (FID) later this year. Dr. Joseph Kobusheshe, an official at PAU, said farmers must seize the opportunity now and maximize the opportunities being presented by the oil and gas sector. Ms. Peninah Aheebwa, the Director Technical Support Services at PAU urged farmers to think broadly and start planning now. She explained that about 160,000 people will need food during development and productions phases of the oil and gas. The two PAU officials made the remarks recently at Imperial Royale Hotel in Kampala during a one day local content conference targeting farmers who can and are interested in working in the oil and gas sector from across the…
South Africa Signs Deal To Explore Prospective Oil Block In South Sudan

South Africa Signs Deal To Explore Prospective Oil Block In South Sudan

South Africa has signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2. The deal – which is strategic for South Africa as an energy consumer – will see Block B2 operated by the state-owned Strategic Fuel Fund (SFF), the Ministry of Petroleum and Nilepet - the national oil company of the Republic of South Sudan. This is the second EPSA signed since South Sudan gained independence in 2012 and shows progress for the country's oil industry as production resumes at existing oilfields and new exploration begins. South Sudan is an established, world-class petroleum producing region, whose territory includes a large part of the Cretaceous rift basin system that has proved petroliferous in Chad and Niger as well as Sudan. It currently produces 160,000 bopd, and aims to increase production capacity to 270,000 bopd by the end of the year. The country has the third-largest oil…
President João Manuel Gonçalves Lourenço of Angola

Angola’s Lourenco Fronts Oil & Gas Reforms To Attract Investors

President João Manuel Gonçalves Lourenço of Angola has emphasized that the oil and gas industry is a key driver in attracting domestic and foreign private investment into his country. And true to his world, the President has invited investors to attend the Angola Oil & Gas 2019 Conference taking place June 4-6 in Luanda. In the recent time since he took over presidency, Angola has adopted a new era of oil and gas through reforms and transparency of tenders. The President will unpack best international practices for Angola's oil and gas sector at the Angola Oil & Gas 2019. He stated that the country is applying the best international practices in its fundamental oil and gas sector. The government will utilize the event to facilitate investment across the Angolan economy. "In recent times we have changed our policy of managing energy resources, such as oil and gas, to better serve…
New Petroleum Agreement Between South Sudan and South Africa is a boost to Peace, Economic Recovery and the Oil Industry

Petroleum Agreement Between South Sudan & South Africa To Boost Peace, Economic Recovery

The signing of the new exploration and production sharing agreement (EPSA) between South Sudan and South Africa's Strategic Fuel Fund (SFF) is a boost to the oil sector and promotes peace and stability within the country. This landmark oil deal marks yet another achievement for Africa's growing energy investments and will provide further boost to South Sudan's economic revival.This is the second petroleum exploration agreement that South Sudan has signed since independence. Singing this deal with South Africa's state owned company marks the emergence of a strong intra-African energy cooperation and signals the willingness by South Sudan to provide investors with an enabling environment to invest and do business in the country."This is a brilliant deal and the future outlook for exploration in South Sudan and Block B is huge, with prospective resources into the billions of barrels of oil. The potential discoveries can be quickly and cheaply tied into…
BHGE to provide turbomachinery equipment for BP's FLNG project

Baker Hughes, GE Get BP's Turbomachinery Contract

BHGE to provide turbomachinery equipment for four FLNG compression trains for BP's Greater Tortue Ahmeyim natural gas project; Award is second major contract for Greater Tortue development, expanding on BHGE's contract for subsea production equipment; Floating LNG facility to provide circa 2.5 million tonnes of LNG per annum and represents the first stage of a multi-phase project Baker Hughes, a GE company announced that it has been awarded a contract to supply turbomachinery equipment for the first phase of BP's Greater Tortue Ahmeyim floating liquefied natural gas (FLNG) project located offshore Mauritania and Senegal. BHGE will provide the technology for four compressor trains for offshore gas liquefaction on board Golar LNG Limited's industry leading FLNG solution, expectedto deliver 2.5 million tonnes of LNG per annum. The contract was awarded to BHGE in the first quarter of 2019 by Golar's topsides contractor, Black and Veatch (B&V).The award builds on a separate…
Energy Minister is expected to make the announcement

Second Petroleum Exploration Licensing Round Announcement Set

Uganda is set to announce the second open competitive licensing round for petroleum exploration in May, 2019 at East Africa Petroleum Conference and Exhibition 2019 (EAPCE’19) in Mombasa, Kenya, government officials revealed at the 5th Oil & Gas Convention at Speke Resort and Conference Centre in Munyonyo. In 2015, the Ministry of Energy and Mineral Development (MEMD) announced the country’s first open competitive licensing round for petroleum exploration for six blocks in Albertine Graben Region which is a proven prospective sedimentary basin. The announcement followed a cabinet approval and submission of a report on the Licensing round to Parliament. The six blocks covered during the first licensing round included Ngassa (410 Km2) in Hoima District, Taitai & Karuka (565 Km2) in Buliisa District, Ngaji (895 Km2), Rukungiri & Kanungu Districts, Mvule (344 Km2) in Moyo and Yumbe Districts together with Turaco (425 Km2) and Kanywantaba (344 Km2) in Ntoroko District.
NEMA Approves ESIA For Tilenga Project

NEMA Approves ESIA For Tilenga Project

The Uganda National Environment Management Authority (NEMA) has approved the ESIA report for the Tilenga project and subsequently issued a certificate to Total E&P Uganda B.V. and Tullow Uganda Operations Pty Limited for the development of six oil fields, an industrial area, buried infield pipelines and supporting infrastructures, including camps. The certificate of approval has been issued with a validity of 10 years. This marks a key milestone in the progress towards the development of Uganda’s oil resources. Whereas ESIA approval is necessary for the commencement of project as per the legal requirements of Uganda, it is also a key prerequisite for the Final Investment Decision (FID) which will trigger the project execution and construction phase. The ESIA report describes the main characteristics of the project, the potential environmental and social impacts as well as corresponding mitigation measures that will be implemented to avoid and minimise potential negative impacts and…
President Cyril Ramaphosa and President Salva Kiir Mayardit of South Sudan

African Energy Chamber, Oil Investors Happy With South Sudan Drive In South Africa

South African and African private sector participants have an amazing opportunity to invest in South Sudans' peace and make huge profits. This week the African Energy Chamber will join Hon. Nhial Deng Nhial, Minister of Foreign Affairs and International Cooperation and Hon. Salvatore Garang Mabiordit, Minister of Finance and Planning, South Sudan's global investment drive is arriving in Johannesburg this week.South Sudanese Cabinet Ministers and business leaders will meet with the African Energy Chamber and other investors at the Sandton Convention Centre in Johannesburg on April 24th from 9am to 5pm, hereby closing a 4-city global investment drive that previously took them to Washington, New York and Dubai.The delegation is notably made up of Agriculture and Food Security Minister Hon. Onyoti Adigo Nyikwec, Mining Minister Hon. Gabriel Thokuj Deng, South Sudan Investment Authority Secretary General Dr. Abraham Maliet Mamer, Nilepet Managing Director Dr. Chol Thon Abel, and South Sudan Petroleum…
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