Nigeria’s Aiteo In Record 90kpod Output

Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production was 23Kbpod. But Aiteo, one of the frontline sponsors of the justconcluded 16th Oil and Gas (NOG) Conference held in the country’s capital Abuja, says it has tripled this figure leveraging the diversity and skills of its work force and bona fides as a dynamic international energy conglomerate. It’s CEO and Vice Chairman Benedict Peters said the company grew production from 23kbbl/d upon takeover of operations to a peak of 90Kbbl/d in one year. He also highlighted several existing and developing projects that could potentially grow Aiteo’s asset production to over 150 kbopd and 200mmscf/d. He…

OPM Warns Police Against Rwamutonga Evictions

By George Busiinge The office of Prime Minister-OPM has warned Police in Bunyoro region against evicting over 53 families in Rwamutonga village, Bugambe Sub County in Hoima district who recently forcefully returned to their land. The 53 families are part of 156 families that were evicted from their lands in 2014 following a court order that was sought by tycoon Joshua Tibagwa and Robert Basigaraho after they leased the contested land to McAlister Energy Resources Limited an American company that wanted to build an oil waste management plant. The evictees returned to their lands on Thursday last week. Nelson Atich the chairperson of the evictees says that the victims decided to go back following a memorandum of understanding that was signed between Basigaraho and affected families to hand over ownership of the land back to them. After returning back to their land, Tibagwa stormed the office of the Hoima Resident…

Oil Money: Investors In Albertine Region Told To Improve Quality Services

Former permanent secretary minister energy and mineral development, Fred Kabagambe Kalisa, has advised local investors in the Albertine Graben region, western Uganda, to improve on the quality of goods and services they intend to supply to the oil and gas sector. Kabagambe, who is also President Yoweri Museveni advisor on oil issues, emphasized that the oil sector is expected to create enormous market, which he said will require quality services and products. He was recently speaking during the regional leaders round –table reflection on oil and gas in Bunyoro region. The meeting was organized by Mid-Western Regional Anti-Corruption Coalition (MIRAC) to reflect on the impact of enhancing accountability in oil and gas and other related extractives. Kabagambe said a lot of people of high class are expected in the region as the country heads to oil production phase. He explained that they will need quality food, accommodation and health services…

2017 Oil And Gas Courses That You Can Study At Victoria University

Uganda is expected to start oil and gas production in 2020 however the number of indigenous Ugandans ready to work in the moneyed industry is still low. Few Ugandans have undertaken oil and gas studies therefore they don’t understand the industry. This has left many big and simple jobs and businesses being taken by foreigners. However institutions like Kampala Victoria University through its Oil and Gas Department is bridging up the gap and introducing demand driven courses targeting the oil and gas industry. The courses offer skills a learner needs to start a career in the oil and gas industry value chain. Joseph Nyakana, the acting Vice Chancellor of Victoria University says the courses are diverse and cover both technical and commercial topics. “You will develop the skills required to support a range of exciting careers, from multinational energy companies to consultancies, government ministries and international agencies.” Nyakana said. Victoria…

Banker Tips Oil And Gas Service Providers On Strategic Planning

For individuals and business targeting the upcoming oil money, they will need to ‘take a long term view towards investments and plan a lot more strategically’ to make this possible, Edwin Mucai, Stanbic Bank Head of Corporate and Business Banking said while making a presentation at the 4thOil and Gas Local Content Conference at the Kampala Serena Hotel last Tuesday. “The country has reached a critical phase in the development of Oil and Gas sector as it transitions from the exploration to commercial phase. To be relevant and competitive in the next phase of Uganda’s upstream development, local companies must take a long term view towards investments and plan a lot more strategically,” Mucai told the conference. “This will involve making improvements to their contracts management processes, financial planning and assessments of their human resource capabilities,” Mucai added. The conference under the theme ‘Repositioning local service providers for the next…

Why Omukama Iguru Fired His Top Official

By George Busiinge Jonan Atuhuura, the Principal Private Secretary to Omukama of Bunyoro Kitara Kingdom was this week sacked two days after he announced a new cabinet without authorization from the king.Atuhura has been transferred to the office of the Prime Minister Norman Lukumu to work as a special assistant. The Omukama appointed his son Richard Kitehimbwe to act as his new Principal Private Secretary under the guidance of Yolam Nsamba, who formerly worked as longest serving Principal Private Secretary. Atuhuura has been the Omukama principle private secretary sincemid-2014 following the retirement of Yolamu Nsamba who served for 19 years. Francis Mugerwa, the Kingdom Public Relations Officer and minister for Information Communications and Technology confirmed the report last evening saying the recently released cabinet list was still in early stages and not for public consumption. In a letter of clarification dated 21st November, and signed by the Omukama Dr Solomon…

Museveni Orders IGG To Investigate Mismanaged Bunyoro Kingdom Assets

By George Busiinge President Museveni has ordered Justice Irene Mulyagonja the Inspector General of Government (IGG) to investigate a section of Bunyoro Kitara Kingdom officials over alleged misappropriation of restituted Kingdom assets. The directive follows a petition by Babiito clan members and elders of the kingdom demanding the president’s intervention into what they termed as misappropriation of the Kingdom’s assets by individuals. According to a letter dated 23rd November, 2016, addressed to the president and signed by John Nyabongo Olimi the Babiito clan executive committee chairman, indicates that 80% of the restituted assets which include land, forests such as Bugoma forest reserve, buildings, cultural sites and burial grounds of the past kings have been either sold off or irregularly subleased and even the personal estates of the king have not been spared by unscrupulous Kingdom officials. It is from this petition that president Museveni through his principal private secretary Flora…

Buliisa Police Aiding Land Grabbers

By George Busiinge Local leaders in Bulisa district are blaming police for conniving with land speculators to grab their land in the oil rich areas. They claim the tycoons hire police men to harass residents by opening false charges against them once they have an interest in a certain chunk of land. Simon Agaba Kinene, the Bulisa district LC5 chairman observed that a number of residents from Nyamasoga A in Biiso sub-county where one Francis Kaahwa is claiming chunks of land have been arrested by police without being produced in court. Kinene handed over several petitions to the minister for lands, housing and urban development Betty Amongi detailing how police is being used to aid land grabbing. Kinene also blamed the district land board for being used as tycoon’s agents to allocate communal land to land grabbers. Steven Birahwa Mukitale, the area legislator asked the minister to request government to…

Mafias Want To Harm Me – Omukama Speaks Out On Intrigue In Bunyoro Kingdom

By George Busiinge Bunyoro Kitara Kingdom has demanded government to beef up the security of Omukama Dr. Solomon Gafabusa Iguru as chaos continues to engulf the institution. Speaking during a press conference that was convened inside the palace by Omukama Iguru to clarify on the continued crisis in the Kingdom, the Kingdom Prime Minister Norman Lukumu says that there are mafias who may take advantage of the current situation to harm Omukama’s life. Lukumu disclosed that on Wednesday, one person was arrested at Kihande Palace in Masindi district duping the Omukama and his wife to vacate the palace on grounds that their lives were in danger. He explained that the suspect was arrested by Omukama’s royal guards and handed him to Masindi police station adding that the suspect's motive is not yet known. Police has declined to identify the man for fear of jeopardizing the investigation. Lukumu ordered the head…

We Will Not Bend Rules For The Sake Of Local Content – Govt Official

Government and oil companies will not bend rules in favor of local suppliers in the oil and gas sector because of local (national) content demands, an official in the ministry of energy and mineral development told this website in an exclusive interview at the 4th local content conference on oil and gas at Kampala Serena Hotel on Tuesday Morning. “The oil business is known to be capital intensive, of high risk, rewarding but requires high health safety standards. There is no way we are going to bend the rules, standards must be adhered to,” uncompromising Bernard Ongondia, the coordinator – national content development and capacity building at the ministry said. Ever since Uganda announced that it has commercially viable deposits of crude oil and gas, Ugandans have been upbeat to cash in on the oil money. Some of them feel it is their right as Ugandans to get a portion…
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