South Sudan Encourages Refiners, Traders To Take Part In Upcoming Crude Tenders

South Sudan's Minister of Petroleum Ambassador Ezekiel Lol Gatkuoth has announced that the government was inviting more refiners and traders to take part in its upcoming competitive tenders for government-owned crude cargoes. "Due to efforts by the government, under the leadership of H.E President Salva Kiir to increase current production levels, with the target of reaching previous levels of more than 300,000 bpd, we do expect to put more crude on the market and are seeking to expand our base of buyers," said Minister Gatkuoth. The minister also said that South Sudan would sell its crude via a competitive and transparent tender process for spot and term buyers. "Prepayments allow the government to access revenue at competitive rates, especially as the government continues to finance the ongoing peace process," the Minister said. South Sudan has embarked on a peace process under the leadership of H.E President Salva Kiir and H.E…

Dangote, Chevron Nigeria Sign Historic Agreement On Gas Supply

Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron's supply portfolio to the fertilizer plant, which is poised to start operations soon. The contract, under the Gas Sale and Aggregation Agreement (GSAA) is part of International Oil Company (IOC)'s gas obligation to the domestic market through the Gas Aggregation Company Limited (GACN). The signing ceremony, held at the Department of Petroleum Resources (DPR) office in Lagos, was executed on behalf of the parties by Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Devakumar Edwin; Chairman/Managing Director, Chevron Nigeria Limited (CNL), Jeffrey Ewing; Head, Gas Monitoring & Regulation Division, Department of Petroleum Resources (DPR), Sanya Bajomo; and Managing Director/CEO, Gas Aggregation Company Nigeria Limited (GACN), Engr. Morgan Okwoche. Dangote Fertilizer Limited, which is ready to be commissioned before the end of this year, will…

Oil & Gas Leaders Unpack South Africa's Massive Gas Discovery

The African Energy Chamber (AEC) hosted senior industry leaders at a breakfast event under the title, "The role of indigenous Oil and Gas resources in Developing South Africa's economy." Participants came from international oil companies, local and internationally operating services companies and the public sector.Hot topic on the discussion with the Chamber was how Total's recent offshore gas discovery could be best harnessed for the benefit of South Africa's local companies and the economy at large. Speakers featured Niall Kramer, CEO of the South African Gas Alliance (SAOGA), Petroleum Agency South Africa's Resource Evaluation Manager Dave Van de Spu, the Department of Trade and Industry's Director of Up and Midstream Oil & Gas Kishan Pillay and AEC's Senior Vice President Verner Ayukegba amongst others.Advising on regulatory framework and oil investment matters, Centurion Law Group CEO and AEC Executive Chairman NJ Ayuk said the natural resources story in Africa doesn't always…

Petroleum Authority Of Uganda Trains Business Community In Bunyoro

BY George Businge Petroleum Authority of Uganda-PAU Tyesday trained Bunyoro business community on local content opportunities in the oil and gas sector ahead of the oil production phase. Opening a one day training at Hoima Resort Hotel, Dr Kaliisa Kabgambe, the senior presidential advisor on Oil, Gas and Minerals observed that the time for preparation is now since over $20 billion are expected to be invested in the oil development after the Final Investment Decision is reached mid this year. Dr Kaliisa who tipped the participants through the expected opportunities and how to tap into them emphasized the need to invest in agriculture, accommodation, health and trade services saying these opportunities are reality. Dr Kaliisa challenged Bunyoro community to acquire the necessary skills and invest accordingly basing on their areas of interest but warned on standards. Betty Namubiru, the National Content Manager at Petroleum Authority of Uganda said the authority…

Understanding Oil & Gas Value Chain Critical For Ugandan Companies

Uganda will in the near future become an oil producing country, this means that local companies and individuals have an opportunity to economically participate in this lucrative venture. But to do this, there are requirements which they must meet so that they qualify and sustainably participate in the oil and gas sector. While the most important part in the production and trade of oil and gas is technical, having the requisite knowledge and skills is key, especially for SMEs and non-technical low entry jobs. Speaking at the The Stanbic Enterprise Conference 2019, Kevin Wingfield, Head of Personal and Business Banking, mentioned that it is critical for Ugandans to understand the oil and gas value chain. “If you are a business, do you understand the oil value chain and who the key players are, and where your opportunities will come from: Total E&P, CNOOC, etc.? Are you already building business networks,…

Iguru Breaks Silence On Planned Bagungu Secession

The Omukama of Bunyoro Kingdom Dr. Solomon Gafabusa Iguru has finally broken his silence on the proposed secession by the Bagungu in Buliisa district. In a speech read for him by Andrew Byakutaga, the prime minister of Bunyoro Kitara Kingdom during the Inauguration of the new members of the kingdom Parliament on Saturday, the Omukama warned stern action against all those trying to divide Bunyoro kingdom. According to Iguru, there is no need for separation from Bunyoro Kingdom since the monarchy is hospitable, unifying and recognizes the values of each tribe. He said time is now for both new and indigenous Banyoro to stand united and advocate for development issues like sharing oil revenues with the central government, promotion of education and health among other goals. Iguru called upon his subjects to unite together and fight all those with ideas of seceding from Bunyoro kingdom. Iguru’s statement follows a resolution…

Chinese Contractor Defies NEMA Orders To Halt Rock Blasting

By George Busiinge Destruction of a rock recognized as a Bunyoro Kingdom cultural site has persisted despite National Environmental Management Authority (NEMA) halting the Chinese Contractor from blasting it to generate construction materials. In a letter dated February 6, 2019 addressed to the contractor-Chongqing International Construction Corporation (CICO), NEMA says Haibale rock was recognized as a “cultural site with historical, archeological and ethnographical aspects of traditional interests of Bunyoro Kingdom.” “The purpose of this letter is to advise you to immediately halt any further blasting activities of this rock,” the letter signed by the Executive Director Christine Echookit Akello reads part. However, the call has been defied by the contactor. When this reporter visited Haibare 1 village in Kigorobya sub county in Hoima district where the rock is located on Tuesday 5th, blasting activities could be heard from a distance. CICO public relations officer, Asuman Mugegere told media that blasting…

Oranto Petroleum Increases Education Support In South Sudan

As part of its commitment to the socio-economic development of South Sudan, Oranto Petroleum will be financing an educational programme in conjunction with the Ministry of Petroleum, to provide training to 25 teachers in the most under-privileged parts of the country. The support from Oranto Petroleum paves the way for 25 teachers to receive quality training that will benefit 60,000 children across 30 villages in Yirol, in South Sudan's Eastern Lakes State. The program will run for a 5-year period and is expected to have a considerable impact on communities in the State, which is amongst the poorest of the country. It will be implemented by Action for Intervention and Management (AIM), a non-governmental organization that works to provide quality education to the most under-developed parts of South Sudan. "At Oranto Petroleum, it is our firm belief that supporting teachers in their professional development leads to improved outcomes for learners.…

CNOOC Launch Campaign Against HIV/Aids In Bunyoro.

By George Busiinge China National Offshore Oil Corporation (CNOOC) an oil company that was awarded a production license for the Kingfisher oil field in Kyangwali sub county, Kikuube district has embarked on an HIV/AIDS sensitization campaign in the oil rich Albertine region. The oil company has partnered with Kitara Heritage Development Initiative and they will conduct the sensitization campaign in areas affected by the feeder oil pipeline from Buhuuka in Kikuube district to Kabaale in Buseruka sub-county, Hoima district. Speaking during a sensitization meeting at Nsonga landing site, Ms. Aminah Bukenya the CNOOC spokesperson says the program comes at a time when there is an anticipated influx of people due to oil activities. She noted under this program, they are to supply and establish condom banks, testing and counseling services, training of VHTs and sensitizing locals on HIV/AIDS through drama. Meanwhile, Mr. Innocent Ahaisibwe, the in-charge Buhuka health center III…

Tanzania, Uganda To Raise Over $7bn To Fund Oil Pipeline Projects

A new report shows Tanzania and Uganda’s oil and pipeline projects will top this year’s infrastructure transactions in the region, with the two countries seeking more than seven billion dollars funding for the projects. Debtwire’s Africa project finance trend update for this year says the oil and infrastructure sectors are the most likely to attract interest from investors and financiers this year. Tanzania’s three and a half billion dollar joint east Africa crude oil pipeline project is expected to top the infrastructure transactions. Energy Minister, Irene Muloni, hinted last week that production is likely to start in 2022, a slight delay from the revised date of 2021. Uganda discovered crude reserves more than ten years ago, but production has been repeatedly delayed by disagreements with field operators over taxes and development strategy.
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