Why Stakeholders Are Ecstatic About Uganda’s EITI Ambition

Why Stakeholders Are Ecstatic About Uganda’s EITI Ambition

Uganda becoming a member of the Extractive Industries Transparency Initiative (EITI) is a development stakeholders hope will bring about accountability in the management of natural resources – particularly the extractives sector. The move is also expected to deal with the secrecy government has shown when dealing with oil and gas companies and mining companies. The decision for Uganda to make the EITI membership was announced On Monday the 28th January, 2019, after cabinet approval. Government spokesperson, Mr Ofwono Opondo, said accession of Uganda to the Extractive Industries Transparency Initiative is intended to improve the revenue collection process and boost public finances and minimise oil, gas and mining revenues being mismanaged or lost to corruption. “The country will benefit through improved investment climate by giving a clear signal to investors and international financial institutions that the government is committed to improving transparency, which in turn can lead to increased investment in…
Victoria University students

Study These Oil & Gas Courses At Victoria University

Ministry of Energy and Mineral Development (MEMD) together with International Oil Companies (IOCs) are preparing to start production of Uganda’s oil and gas. Other agencies are helping Ugandans build capacity to work in the restrictive industry. However, as an individual, you can help yourself and look for places where you can acquire the skills set needed to participate in the oil and gas sector. Public and private universities have rolled a number of courses to train Ugandans who want to work in the industry. One such university is Victoria University Kampala. To smoothly do this, the university up a fully-fledged petroleum department to deliver courses and skills learners need to start a career in the oil and gas sector. These are some of the courses the department offers. BACHELOR OF SCIENCE IN OIL & GAS ACCOUNTING The BSc in Oil and Gas Accounting is a course designed to develop specialized…
Ernest Rubondo speaking at the opening of the convention

5th Oil & Gas Convention Kicks Off At Speke Resort Munyonyo

Uganda’s elites in the oil and gas business are convening at Speke Resort Munyonyo to deliberate on what Uganda needs to do to have a prosperous oil and gas industry. Dr. Elly Karuhanga speaking to journalists a week before the convention said the conference aims at preparing Ugandans for the oil boom because they are not ready. The three day convention has attracted global speakers who will discuss what it will take Uganda, a first time oil producer, to start from zero going up all the way to top of oil producer elites. The convention is pushing the local content agenda. It is also expected to explain the risks involved so that business people don’t burn their fingers. Speaking at the opening of the convention, Mr. Ernset Rubondo, the Executive Director of Petroleum Authority of Uganda, explained that oil & gas developments in Uganda are contributing to growth of other…
A conference seating at Speke Resort

Speke Resort To Host UCMP’s Oil & Gas Convention

Speke Resort and Conference Centre is ‘excited’ and feels ‘proud’ to host this year’s oil 5th Oil and Gas Convention being organized by Uganda Chamber of Mines and Petroleum and Ministry of Energy and Mineral Development. Greg Petzer, General Manager, Speke Resort in an interview has promised to offer utmost hospitality and a wonderful experience to the dignitaries that will come to attend the high level convention in the oil and gas industry. “We will do what we have always been able to do. People coming for the convention should expect a wonderful experience on the shores of Lake Victoria, good food, drinks and top hospitality from us as hosts,” Petzer said in an an interview. Speke Resort is emerging as the most preferred destination for Meetings, Incentives, Conferencing and Exhibitions (MICE). Recently, speaking at The Africa Now conference, at Speke Resort, Africa’s 8th richest person- billionaire Strive Masiyiwa was…
Proceedings at the annual Oil & Gas Convention

UCMP Convention To Focus On Commercialization Of Uganda’s Oil & Gas

Uganda Chamber of Mines & Petroleum (UCMP) with the fifth edition of its annual Oil & Gas Convention with discussions expected to prioritize commercialization of the country’s hydrocarbons. The convention scheduled for 9th- 11th April, 2019 will take place at Speke Resort Munyonyo under the theme: "2019 Decision Time: "Countdown to Commercialization.”" The chamber organizes the convention in partnership with Ministry of Energy and Mineral Development and private companies working or interested to work in the sector. The chamber says the event has established itself as an effective business platform for developing and strengthening mutually beneficial partnerships among all stakeholders. The Chamber is upbeat hoping to build on the sector's successes of 2018 to realize more sector growth especially when the Joint Venture companies arrive at Final Investment Decision (FID) and announce EPCs winners for Tilenga and Kingfisher projects. The Chamber says, "The country’s oil and gas sector has continued…
H.E. Obiang Nguema Mbasogo, President of Equatorial Guinea

E.Guinea President, OPEC Secretary General Set For Oil & Gas APPO Cape VII 2019 Congress

H.E. Obiang Nguema Mbasogo, President of Equatorial Guinea, and H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, will both speak at APPO CAPE VII; Secretary General of APPO H.E. Mahaman Laouan Gaya and H.E. Emmanuel Ibe Kachikwu, Nigeria's Minister of State for Petroleum Resources, will present on the foundational reforms of the African Petroleum Producers' Organization; H.E. Mohammed Sanusi Barkindo, Secretary General of OPEC; Dr Sun Xiansheng, Secretary General of the International Energy Forum and H.E. Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) are all speaking at APPO CAPE VII; APPO CAPE VII welcomes participation of 50+ Africa's petroleum ministries, national oil companies and private companies as exhibitors and sponsors. The President of Equatorial Guinea, the Secretary General of OPEC and 20 African oil and gas ministers will headline Africa's most influential gathering for the energy industry. The African Petroleum Producers Organization's Cape VII…
SBC official meeting the Bunyoro Kingdom Prime Minister

Oil Airport Contractor SBC Officials Visit Kingdom

Officials who are constructing Hoima international airport paid a courtesy visit to Bunyoro Kitara Kingdom to update the institution on the progress of their work. The SBC public relations officer Amos Muriisa and the SBC Uganda environmental and social action manager Anurag Kalvanguta paid a courtesy call on the Prime Minister of Bunyoro Kitara Kingdom at his office this week. According to SBC Uganda officials, local content for Bunyoro in terms of people employed at the project stands at 31 percent. They reported that the civil works for the airport stand at 21 percent. The officials pledged commitment to prioritize environmental conservation, health and safety during their Operations. The Prime Minister Rt Hon Andrew Byakutaga thanked SBC officials for the work so far done and urged them to increase on the recruitment of locals. He emphasized the importance of preserving cultural sites in the area and enrolling more workers and…
Nj Ayuk JD, Chief Executive Officer Centurion Law Group

Ayuk Calls For Collaboration On Local Content Development, Governance

Centurion CEO and Executive Chairman of the African Energy Chamber (EnergyChamber.org), NJ Ayuk, is leading an industry delegation to Nigeria this week to meet various oil industry players. On landing in Lagos, he called for more industry collaboration on key issues pertaining to Nigeria's oil & gas industry, including local content development, the signing of the Petroleum Industry Bill, the promotion of a better enabling environment for start-ups and SMEs, monetizing gas for domestic use, investing massively in energy infrastructure and building a robust petrochemical industry whilst ensuring that energy security is placed as a high priority agenda by both the Nigerian government and the country's oil industry. This notably involves the signing of the Petroleum Industry Bill. Nigeria is Africa's biggest oil producer with a massive investment potential in oil but also gas. In this regard, the Chamber's delegation notably highlighted the importance for both the government and key…
Ezekiel Gatkuoth, Minster of Petroleum of South Sudan

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, 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…
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