West Africa Operations Facilitating Tullow’s Strong Progress

West Africa Operations Facilitating Tullow’s Strong Progress

In a Trading Update for the period raning from 1 January to 25 April 2018 released on Wednesday, British oil firm Tullow Oil reported that it is experiencing a strong progress in 2018 and continues to generate free cash flow. This positive progress is largely facilitated by their operations in West Africa, specifically in Ghana where drilling programme at the TEN and Jubilee fields ‘are underway’ and will ‘remain on track to deliver on our existing production guidance,’ An optimistic Paul McDade, Chief Executive Officer, Tullow Oil, said their Ugandan and Kenyan developments are on track with a Final Investment Decisions expected this year and another in Kenya next year. “We are preparing for the start of our multi-year exploration programme across our diverse portfolio of exploration prospects in Africa and South America,” McDade said. Adding: “The progress we have made is due to the hard work and financial discipline…
Ministry Of Energy Exposes 114 Fuel Pump Stations Selling Adulterated Fuel

Ministry Of Energy Exposes 114 Fuel Pump Stations Selling Adulterated Fuel

The ministry of energy and mineral development has named 114 fuel pump stations allegedly selling adulterated fuel to motorist across the country. Rev Frank Tukwasibwe, the commissioner of Petroleum Supply, made the revelation in interview with Daily Monitor, a local newspaper. He promised to have named fuel pump stations ‘in accordance with administrative guidelines’ including revoking licenses of repeat offenders. “There are two approaches to penalising: Those without licenses will remain closed and only be opened after fulfilling the conditions under the Petroleum Supply Act, 2003, while those with licenses are given notices and the public warned about their activities,” he told Daily Monitor’s reporter Frederic Musisi. However, he said, the failure rate of fuel in the country has dropped from 29.1 per cent in 2009 to 0.5 per cent in March 2018 as a result of the continued fuel marking and quality control programme. Adulterated fuel has over the…
Uganda signed a signed a project framework agreement confirming selection of AGRC to build the refinery

Refinery Consortium Speaks Out On Unique Opportunity To Work In Uganda

High ranking officials of companies making up the Albertine Graben Refinery Consortium (AGRC) have said working in Uganda presents them with a ‘unique opportunity’ adding that they ‘look forward to the execution phase and delivering a world class facility’ to help Uganda ‘fully realize its oil and gas sector’ ambitions. In a press statement released on Wednesday, up the Albertine Graben Refinery Consortium officials said the oil refinery projected when executed will this will ‘help develop the industry infrastructure and provide livelihood for the Ugandan people and, by extension, other East African countries.’ Following the favourable evaluation of its private sector-led offer by the Ugan Government, the Albertine Graben Refinery Consortium (AGRC) comprised of YAATRA Ventures, Baker Hughes, a GE company, LionWorks Group and Saipem, signed a project framework agreement confirming its selection for the realization of a 60,000 barrels per day capacity refinery with a project estimated value of…
Total E&P is trying to be a good friend to Uganda's wildlife

Total E&P Commissions Wildlife Conservation In Tilenga Area

BY George Busiinge Total E&P Uganda, the company leading the Tilenga project activities, has contracted Giraffe Conservation Foundation Trust (GCFT) and Biodiversity Solution Limited (BSL) in partnership with UWA to conduct the one-year campaign involving collaring 40 selected species and assess their movement patterns, general ecological behaviours and stress level in relation to environmental factors. Different wildlife species to include lions, giraffes, hyenas, Uganda Kobs, Hartebeests, Giraffes and Reedbucks collared animals will be used as samples to track the selected wildlife species, analyse, interpret and monitor their movement patterns; including the rate of movement, daily distance moved and distribution of the collared individuals across MFNP including in to the Tilenga project areas as well as environmental factors such as seasons, availability of water and tourism sites among others. The campaign that started in April 2018, involves fitting of satellite collars on Rothschild’s giraffes, Lions, Uganda Kob, Bohor Reedbuck, Lelwel’s Hartebeest…
UCMP's Sam Thakkar and colleagues during the press conference announce the oil and gas convention which is now happening in Kampala

Buoyant Oil And Gas Gurus Kick Of Kampala Oil Convention

There is a lot of optimism and energy every time crème de la crème, the movers and shakers of the oil and gas industry gather to plot for their next kill. Similar vigor oozed at Serena Hotel when Uganda Chamber of Mines and Petroleum (UMCP), government officials and sponsored took their seats to address a press conference. The afternoon press conference on 18 April, 2018 was used to announce this year’s two days oil and gas convention which has today kicked off at Serena Hotel Kampala under the theme “Regional Collaboration for First Oil”. The meeting will be looking at how Ugandans can use East Africa to get the best out their oil and gas. According to Elly Karuhanga, the chairman of UCMP, Uganda should position itself as the hub of oil and gas expertise, service provision and everything oil. Karuhanga said the conference which will end tomorrow was coming…
Pastoralists, Cultivators Ordered To Vacate Oil Refinery Land

Pastoralists, Cultivators Ordered To Vacate Oil Refinery Land

By Busiinge George It’s reported that over 15000 heads of cattle being grazed on the refinery land and over 20 people having crop gardens there have been ordered to vacate immediately. Government has directed pastoralists and cultivators who recently invaded the acquired oil refinery land in Kabaale parish, Buseruka sub-county in Hoima district to vacate it within a week. This follows reports that pastoralists who are evicted from northern Uganda are ferrying hundreds of cattle into the oil refinery land for grazing while residents neighboring the same land had turned it into their farm land. Addressing the alleged oil refinery encroachers at Nyamasoga primary school Wednesday afternoon, Major General Sam Okidingi, the commandant Field Artillery Masindi army barracks said all illegal activities in the refinery land must stop within a week. He said this is done to protect the interests of over 38 million Ugandans who are expected to benefit…
Uganda Chamber Of Mines And Petroleum officials addressing a press conference last week to announce the conference

Uganda Chamber Of Mines And Petroleum Set For 4th Oil & Gas Convention

The Uganda Chamber of Mines and Petroleum (UCMP) in conjunction with the Ministry of Energy and Mineral Development will host the fourth Annual Oil & Gas Convention, come April 25-26, 2016. Held under the theme, “Regional Collaboration for First Oil”, the convention will largely focus on the various opportunities that abound in the oil and gas industry as Uganda readies to start production in 2020. After at least, a five year lull, the oil industry has since picked up, following major developments recently. Early this month, Uganda signed the Project Framework Agreement with the Albertine Graben Refinery Consortium (AGRC) – a conglomerate of international companies that will construct the oil refinery in Kabaale, Hoima. This came after Gulf Interstate Engineering, an American firm that carried out the Front End Engineering Design (FEED) for the crude export pipeline, released preliminary findings of their study at a public workshop in January, this…
Chinese University To Start Oil Institute At Makerere

Chinese University To Start Oil Institute At Makerere

China University of Petroleum (CUP) signed a Memorandum of Understanding (MoU) with Makerere University that will lead to the establishment of an oil institute at the college of natural sciences, New Vision, a local newspaper reported last week. Barnabas Nawangwe, according to the newspaper, said the MoU was signed in December and that implementation of areas of collaboration has started. “The MoU will see the two universities mobilise funds to start the petroleum institute,” Nawangwe said. Nawangwe made the remarks while meeting a delegation of seven officials from CUP on Thursday. He said the financial details of the MoU will come out at a later stage. The universities will also collaborate in the areas of staff and student exchange; joint research and organising conference activities, he added.
Uganda Chamber of Mines and Petroleum officials prepare to address the press conference at Serena on Wednesday

Oil Convention TO Discuss Regional Collaborations

The Uganda Chamber of Mines and Petroleum (UCMP) will host its two days annual oil and gas convention on 25th and 26th April at Serena Hotel Kampala under the theme ‘Regional Collaboration for First oil 2020’. The meeting will largely discuss how Uganda can position itself as the regional oil and gas hub. This year’s theme, Elly Karuhanga, the chairperson UCMP, speaking at a press conference held at Serena Hotel Kampala to announce the Convention, said helps accommodate interests of regional neighbors like South Sudan, DR Congo, Rwanda and Burundi who are also trotting the oil and gas development and production road. Karuhanga acknowledged that neighboring Tanzania is going to allow Uganda’s crude export pipeline (EACOP) to go through their country and allow Kampala export its oil to the rest of the world while the people of Kenya are going to see logistics – trucks, almost over 2000 – on…
Oil and gas developments presents opportunities for the insurance sector

Insurance Consultants Minet Upbeat About Uganda’s Oil Potential

Uganda’s oil and gas development and eventual production is set to see about $20bn invested in the country. This money will mainly be invested in putting in place required infrastructure to facilitate production of Uganda’s 6.5 billion barrels of crude buried in the Albertine Graben region, western Uganda. This heavy and historic investment, according to Maurice Amogola, the Chief Executive Officer of Minet Limited, an insurance consultancy firm, presents a vast array of risks that if not insured can be disastrous and hamper the dreams of the country and the international oil and gas companies that have invested a fortune in the country. In an interview with this website on Wednesday in Kampala, Amogola said while risks can be mitigated in various ways, insurance is very critical and oil companies, government and services providers cannot afford to ignore it. As a consultancy, Minet’s job is to discuss with clients about…
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