Bunyoro, UNOC Agree To Set Up Kabaale Industrial Park Working Group

The Uganda National Oil Company Limited (UNOC) Executive Committee led by the Chief Executive Officer (CEO) Eng. Dr. Josephine Wapakabulo and the Cabinet of Bunyoro Kitara Kingdom (BKK) led by Rt. Hon. Owek. Andrew Byakutaga Ateenyi met to discuss long-term cooperation between UNOC and the Bunyoro Kingdom. The meeting that took place last week was on the request of the Bunyoro Kingdom following UNOC’s participation in the 25th Empango (Coronation) Anniversary held on Tuesday 11th June 2019 at Karuzika Palace, Hoima. Eng. Dr. Josephine Wapakabulo welcomed the Prime Minister of Bunyoro Kingdom and his Cabinet and reiterating the commitment to continue cooperation with the Kingdom. She said the meeting was a chance to present the projects being handled by the UNOC and opportunities these projects present. On his part, Hon. Owek. Andrew Byakutaga Ateenyi extended appreciated UNOC’s cooperation with the Bunyoro Kitara Kingdom, particularly UNOC’s support to the last two…

Tullow Frustrated By Uganda Farm Down Failures

The Tullow chief executive officer of Tullow Oil Paul McDade has told Bloomberg in an interview that they feel frustrated by failure to realize a farm down deal in Uganda. He said their effort to sell part of their Ugandan stake in a farm down has been frustrated by the Ugandan government. “What we put together we thought was in the best interest of all parties, including the government of Uganda. We feel somewhat frustrated [two and half years] later that the efforts on that farm-down structure have been unsuccessful in completing,” he said. Tullow said they are looking at offloading a 21.57 per cent stake in Ugandan exploration areas to Total SA continue but this not been possible. They are now looking for alternative ways to get the deal done. “What we are doing is gently standing back and looking at: Are there other ways to structure the deal?”…

South African Energy Minister Calls For Stable Regulatory Framework

A stable, predictable policy and regulatory framework must be created that will lead to investment and growth in South Africa's energy sector, says the country's Mineral Resources and Energy Minister, Gwede Mantashe.Minister Mantashe was delivering his first energy budget speech in Parliament since the merging of his mineral resources portfolio with that of energy following South Africa's general election in May this year.Announcing a budget of R7.44 billion for energy, the Minister noted that the sector had contributed negatively to overall economic growth in the first quarter of 2019, declining by 6.9% and making a 0.1% contribution to an overall GDP decline of 3.2%."Despite the present economic climate and stringent allocations, we must ascertain a secure and sustainable provision of energy," he said."In this context, (we must) utilise diverse energy resources in sustainable quantities at affordable prices, and mindful of environmental requirements, to support economic growth and development."LegislationThe Minister re-iterated…

Benchmark Before Investing In Oil And Gas Sector – Health Minister

The Minister of Health, Dr. Jane Ruth Aceng has asked those interested in investing in the health sector plus the oil and gas sector to first go and benchmark in the Albertine Graben in order to make an informed decision. Dr. Aceng was speaking at the Health Conference on Friday, July 5 that was organized by the Health Ministry together with Petroleum Authority of Uganda (PAU) at Kampala Serena Hotel. “We welcome discussions with the Private Sector for a potential engagement. There is a Public-Private Policy for Health to guide our actions following a bill enacted by Parliament of Uganda,” she added. The conference which is under the theme “Health investment opportunities in the oil and gas sector” As part of the conference, the Ministry is to discuss health investment opportunities in the oil and gas sector. The Minister has said that the public-private partnerships are key to influence the…

Barkindo OPEC Reappointment Good For Global Oil Markets Stability

The African Energy Chamber has saluted the re-appointment of H.E. Mohammed Barkindo as Secretary General of OPEC and is looks at it as a factor of stability for African and global oil markets.Secretary General Barkindo has managed to keep OPEC united as an organization under very unstable times and a deep crisis in commodity prices. His leadership and diplomacy has restored market stability and successfully sealed landmark agreements like that of the Declaration of Cooperation between OPEC and non-OPEC member countries.More importantly for our continent, it is under Secretary General Barkindo that OPEC gained its two newest African members, Equatorial Guinea in 2017 and the Republic of Congo in 2018. Last year, he was awarded the Africa Oil Man of the Year award by Africa Oil & Power for prioritizing of cooperation in turbulent times, for stabilizing oil markets and for raising the voice of Africa on the global energy…

Centurion Lures Chinese Oil and Gas Investors To Africa

A team of attorneys from Centurion is in China this week to participate in the EG Ronda Licensing Roadshow being held today and tomorrow at the Kempinski Hotel Beijing. Led by CEO Nj Ayuk, the team is meeting with several high-profile Chinese executives and energy companies seeking to invest in sub-Saharan Africa.The roadshow is organized by the African Energy Chamber on behalf of Equatorial Guinea’s Ministry of Mines and Hydrocarbons. With the biggest names amongst the Chinese energy companies attending, including companies such as CNPC, PowerChina Group, Sinopec, Sinochem, CNOOC, Shenergy, CMEC and China Minmetals Corp, Centurion has had the opportunity to discuss considerable deals in several African oil markets.“Centurion’s presence in China for the EG Ronda Roadshow is a mark of our commitment not only to Equatorial Guinea, but to the promotion of Chinese investments across Africa,” declared Nj Ayuk from Beijing. “China is serious about investing in Africa,…

MPs Assess Uganda’s Readiness For Oil And Gas Development

Members of Parliament (MPs) have appreciated the strides made in the development of Uganda’s oil and gas sector. This was during a recently held four-day familiarisation visit for 41 MPs to oil and gas operation areas in the Albertine Graben. The field visit was organised by the Ministry of Energy and Mineral Development (MEMD) together with the Petroleum Authority of Uganda (PAU) and the Uganda National Oil Company (UNOC) to enable the MPs assess Uganda’s readiness for oil and gas development and production. “Uganda’s Second National Development Plan (NDP II) 2015/16 – 2019/20 recognises developments in the country’s oil and gas sector as one of the growth drivers for the economy. Therefore, it is critical that Parliament is kept informed of the progress being made, for you to efficiently and effectively play your oversight role”, Hon. Peter Lokeris, the Minister of State for Minerals noted during the visit. The visit…

Vivo Energy, KFC In Key Joint Venture

Vivo Energy, the distributor of Shell and Engen-branded fuels and lubricants, has agreed to form a non-fuel joint venture to accelerate the roll-out of KFC restaurants in Kenya, Uganda and Rwanda. The 50:50 joint venture will manage and operate the restaurants in the three markets on behalf of Kuku Foods East Africa Holdings (Kuku Foods), who will remain the local KFC franchisee. Completion of this transaction is subject to standard legal agreements and regulatory and competition authority approval. The restaurants, 22 in Kenya and 8 in Uganda, are located in shopping malls, city centre locations, and service stations. Kuku Foods plans to open its first KFC restaurant in Rwanda in 2019. The 5 KFC restaurants operated by Kuku Foods Tanzania, the KFC franchisee in Tanzania, will not form part of the transaction. The joint venture will enable a significant increase in the number of KFC restaurants in the portfolio in…

Demand For Jobs, Compensation, Land Issues Dominate Kingfisher ESIA Public Hearing

By George Busiinge The demand for oil jobs, increased education scholarships, proper land and property compensation and provision of alternative water and energy yesterday dominated the first Environmental Social Impact Assessment (ESIA) Public Hearing for the Kingfisher Development (KFDA) Project operated by CNOOC Uganda Ltd. The public hearings held at Rwemisanga Primary School in Kyangwali sub-county Kikuube district was meant to get more views from stakeholders and their opinions to enrich the ESIA report. Petroeleum Authority Uganda said in a press statement that over 6000 people attended the meeting. Moderated by Prof. Grace Bantebya Kyomuhendo from Makerere University, the locals said much more is still needed to equip the locals with oil related skills at different levels, have special consideration for every oil related jobs among others. Justine Nyeneza, John Atugonza and others claim there is need for an affirmative action for the host communities to ensure they benefit from…

CNOOC Told To Respect Norms, Culture & Uplift Dignity Of Bunyoro

The Prime Minister of Bunyoro Kitara Kingdom, Andrew Byakutaga, has asked CNOOC Uganda to respect the norms, cultures and wellbeing of Bunyoro natives as they implement the Kingfisher Development Project and to do it in a way that uplifts the dignity and cultural heritage of the people in the area. "Our cultural heritage like the tombs, historical sites, tourism spots, birds, animals must be protected. These have defined as the people of Bunyoro for hundreds of years. As much as we want this oil, we also want to preserve our Environment and culture" he said. Byakutaga was speaking at Rwemisanga Primary School, Rwemisanga Parish, Kyangwali Subcounty in Kikuube District where the Petroleum Authority of Uganda held a Public Hearings for the Environment and Social Impact Assessment for the Kingfisher Development Project The Executive Director of NEMA, Mr. Okurut Tom said the resolutions from the public hearing will affect the final…
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