Government Seeks To Expand Oil Resource Base

Government is seeking to expand the current oil resource base to make maximum use of the planned oil and gas facilities that will be built. These include the refinery, pipeline, the processing facilities and other related infrastructure such as roads, airport and the industrial park. The government is also seeking to empower the Uganda National Oil Company to fulfill its mandate of joint exploration activities. In that vein the Uganda National Oil Company (UNOC) Ltd and China National Offshore Oil Company (CNOOC) signed a Memorandum of Understanding (MoU) to open a partnership in exploration in the Albertine Graben. The function took place on 5th September 2018, Beijing, China. The MoU was signed by Dr. Josephine Wapakabulo, CEO UNOC and Mr. Fang Zhi, the Chairman of CNOOC international and was witnessed by President Yoweri Kaguta Museveni, Mr. Sam Kuteesa, Minister of Foreign Affairs and Mr. William Byaruhanga, Attorney General. Government of…

Kingdom Officials Quell Oil Jobs Tensions In Bunyoro

Tensions caused by lack of jobs given to local people in the albertine graben region risk derailing on going development of oil fields in Bunyoro Kingdom. However kingdom officials and affected international oil and gas firms offering services are working out a plan to solve the impasse. In response, kingdom officials are calling aggrieved people to be tolerant and create a proper working relationship with the oil companies in the region. Recently, reports have been indicating that indigenous citizens block and stone vehicles transporting employees of oil related companies. Last week, a group of people along Hoima-Kaiso-Tonya road allegedly stoned buses carrying employees of SBI, a company contracted to construct Hoima airport in Kabaale, Buseruka sub-county. Hajji Bruhan Kyakuhaire, the special assistant in-charge of culture and protocol to the Kingdom premier says such acts are condemned and uncalled for. He said if the public has any concern, it should be…

Mineral Wealth Conference To Showcase Uganda’s Potential, Performance

Uganda Chamber of Mines and Petroleum (UCMP) will use the 7th annual Mineral Wealth Conference to showcase what Uganda has to offer the world, said Elly Dr. Elly Karuhanga, the chairperson of UCMP. Dr. Karuhanga speaking at a press conference at Serena Hotel to announce the conference emphasized that Uganda, which has over 50 minerals, will also showcase her performance in the mining sector in a bid to attract investors. Over 1000 delegates from across the world have started arriving in the country to be part of the annual Mineral Wealth Conference which is scheduled for 2nd and 3rd of October at Serena Hotel. The Association of Chamber of Mines & other Mining Associations of Africa with over 40 member countries will also be participating in the 7th Annual Mineral Wealth Conference. This year's mineral Wealth Conference focuses on East Africa, and will run under the theme: "Eastern Africa: The…

Madagascar announces the opening of the Madagascar bidding round at Africa Oil Week

OMNIS, in partnership with Africa Oil Week, TGS and BGP, announce a licensing round in Madagascar, to be launched at Africa Oil Week, 5-9th November 2018.The bidding round continues to highlight the importance of the Oil Week and the fact that it continues to drive new business opportunities for exploration companies in Africa. Paul Sinclair, Conference Director added "The Madagascar bidding round offers a level of excitement that we have never experienced before at the Oil Week. On top of the 15 confirmed ministers who will lead delegations to Africa Oil Week, we now have a partnership with the Government of Madagascar, TGS and BGP to host what is clearly one of the most exciting round on the continent since the Cote d`Ivoire bidding round in 2017."Exploration in Madagascar began in the early 20th century with the discovery of heavy oil-rich sedimentary basins in the west, however this frontier region…

Vivo Energy, Engen Agree On Pending $203.9m Takeover

Vivo Energy Tuesday announced it had reached an agreement with Engen Holdings (Pty) for a possible takeover. The agreement paves way to restructure the acquisition of Engen International Holdings (Mauritius) Limited (“EIHL”) by Vivo Energy’s subsidiary, Vivo Energy Investments B.V. The restructured transaction is now unconditional, aside from customary closing conditions including material adverse change clauses. All required regulatory and competition authorities’ approvals have been received for the transfer of Engen’s international operations in nine Sub Saharan countries. The restructure allows for completion of the transaction, first announced on 4 December 2017, to proceed in respect of all countries other than the Democratic Republic of Congo. Completion has been scheduled for 1 March 2019. The restructured transaction will add operations in eight new countries and over 225 Engen-branded service stations to Vivo Energy’s network, taking its total presence to over 2,000 service stations, across 23 African markets. The new markets…

Mozambique Stakeholders To Meet At Maputo Gas Summit

With LNG market dynamics set to change from fears of oversupply to buoyant demand coming from China and rest of Asia, investors have confidently been backing more LNG projects in countries which are emerging as new gas players – among them Mozambique. The country has seen the only LNG FID reached in 2017 from the ENI's Coral floating LNG facility off the coast of Mozambique with shareholder ExxonMobil. Separately, Anadarko - Mozambique LNG onshore facility is not far behind with their FID expected for the first half of 2019. The CWC Group in partnership with ENH, Mozambique's national hydrocarbons agency, have been driving forwards the gas and LNG industry by hosting the official gas and LNG summit in the country. Now in its 5th edition, the Mozambique Gas Summit & Exhibition with the support of MIREME and INP will take place in Maputo, Mozambique, from 31 October – 2 November…

GE Launches World's First 6B Repowering Gas Turbine Solution

GE's Power Services business is celebrating the 40th anniversary of its 6B gas turbine fleet by launching the world's first 6B repowering solution. GE also announced it has signed its first agreement for the solution with a global chemical company to repower three 6B gas turbines and save significant amounts of fuel each year at its site in Asia. The recent announcements mark another example of GE's continued commitment to investing in its mature fleets to keep them competitive. In Africa, GE has an installed base of 60 6B gas turbines at various locations with the most recent installation in Cabinda, Angola. The fleet is mainly used for power generation for grid supply as well as for large industrial uses like refineries. "We're excited to mark our 40th anniversary of the 6B fleet and unveil our new repowering solution," said Scott Strazik, president & CEO of GE's Power Services business.…

Senegal Tells Global Oil Investors To Invest In Local Capacity Building

Senegal is determined to become the new frontrunner of Africa's local content development. This is the conclusion of a local content forum held in Dakar on Thursday, organized by Les Conférences du Quotidien and hosted by the African Energy Chamber and Centurion. Presided by Prime Minister Mahammed Boun Abdallah Dionne, the forum highlighted the potential for Senegal to redefine African standards for domestic capacity building and governance in the continent's hydrocarbons sector. "Local content is a necessity," declared the Senegalese Prime Minister during the event. "Encouraging the development of local SMEs throughout the value chain is of prime importance, as is the formation and training of Senegalese to boost national capacity and employability." The history of Senegal's hydrocarbons sector is that of a toddler stepping into a giant's shoe. The discovered gas reserves in the Turtle field alone are such that they could propel Senegal into a major LNG hub…

Fish Farmers In Cameroon Get €84m AfDB Loan

The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank's strategies to create jobs and raise household incomes. The loan, approved by the Bank's Board on Wednesday, will support the modernization of beef, pork and fish production, with significant improvements to food and nutrition in the country. Both the Bank and the Government of Cameroon are implementing strategic policies aimed at improving food and nutritional security, reducing poverty and improving production infrastructure in rural areas. The Bank's signature High 5s strategy includes policies to feed Africa, industrialize the continent and improve the quality of life of its people. The project approved by the Board will specifically target raising standards and competitiveness in such key livestock value chains as genetics improvement, feeding, slaughter, processing, conservation and transportation. For fish production, the…

Bunyoro Gets Oil And Gas Information Center

By George Businge Bunyoro Albertine Petroleum Network On Environment Coalition (BAPENECO) which coordinates about 25 Non Government Organizations (NGOs) in the great Bunyoro region launched an information resource centre on land, oil, gas and environment in Hoima town to fill knowledge gaps among researchers and citizens in the region. The centre has been created by BAPENECO which is hosted by Mid-Western Region Anti-Corruption Coalition (MIRAC) located along Bujumbura road, in Hoima town. Paul Mulindwa, the organization chairman, explains that the resource centre will offer an opportunity to Bunyoro community to get equipped with information about the subject matter. Peace Michael, the organization coordinator, says the centre was created out of community demand on the challenges they face to get information mostly on oil and gas in the region. He says the centre which will be open from Monday to Friday has internet connection to enable researchers get all the information…
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