President Museveni at UPIK for the commissioning ceremony of the Institutes training facilities.

Petroleum Institute Gets Museveni’s Backing To Reach Full Potential

President Yoweri Museveni has asked Uganda Petroleum Institute – Kigumba (UPIK) to present its full development plan because the government has the money to support it. The President made the call while commissioning new infrastructure projects undertaken by the institute on Saturday. UPIK, with funding from the World Bank and the government of Uganda, undertook a $32m infrastructure development including staff houses that the president commissioned. “I really want to tell you that the problem here is bad planning by the overall government structure because this money that we are talking about, the $32 million which has been invested is not such a big amount of money given the importance of Kigumba Petroleum Institute,” the President said. He said Government should plan well and prioritise investing in lucrative projects that will generate billions of dollars for the country in a few years to come. “The question is how many oil…
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To Stop Or To Support Eacop

To Stop Or To Support Eacop

In recent times, most especially after the signing of the Final Investment Decision (FID) in February this year, government agencies and personalities intensified efforts to promote, protect and make a case for Uganda's premier oil and gas infrastructure project, the East African Crude Pipeline. A campaign codenamed Support EACOP was rolled out to counter Stop EACOP, a campaign which over the years has been traded by Civil Society Organizations (CSOs) that look at the $3.5bn Pipeline as a climate change facilitator by potentially emitting over 34 million tons of CO2 emissions every single year. According to revised plans, the Pipeline construction is scheduled to start in 2023 and be ready in 2025 when Uganda will realize First Oil. The 1444km pipeline will carry crude oil from Hoima in western Uganda to the Tanzanian port of Tanga where it will be shipped to the international market. The EACOP project developers are…
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Rene Awambeng, Global Head, Client Relations will be representing the African Export-Import Bank (Afreximbank) at South Sudan Oil and Power in Juba in September

Afreximbank To Drive Finance Dialogue At South Sudan Oil & Power

Afreximbank will lead commercial discussions at the fifth edition of South Sudan Oil & Power (SSOP) 2022 by participating in a special high-level panel discussion alongside the Trade and Development Bank, together with regional banks and pan-African institutions, including invitees Stanbic and the African Development Bank.Organizations such as the Afreximbank have made notable progress to drive oil and gas project developments across the continent.Afreximbank's participation shows its dedication to the South Sudanese energy sector by aiding the development of its petroleum assets – showcasing its ongoing and growing interest in the market.The bank is sending top level representative Rene Awambeng, Global Head, Client Relations to hold discussions with government and the private sector, and appear on stage at the event."Mr. Awambeng's presence at this year's event validates our theme Gateway to East African Energy and the Ministry of Petroleum's work to make South Sudan a hub for regional energy services,…
Philippe Groueix, the General Manager of TotalEnergies EP Uganda, speaking at the launch of TEPU Take Action Campaign.

TotalEnergies, Partners Sign Four Important Agreements To Foster Sustainable Development Of Uganda’s Oil & Gas

TotalEnergies has made clear commitments toward ensuring that its activities are conducted in line with best environmental and social practices, Philippe Groueix, the General Manager of TotalEnergies EP Uganda Wednesday said at the launch of TEPU Take Action Campaign. The campaign aimed at showcasing the positive impact of TotalEnergies' activities in the Tilenga Project area also saw four key important agreements signed to enhance road safety, cultural heritage and biodiversity conservation in the Albertine region. “We are committed to working with partners who are experts in implementing sustainable projects aimed at achieving positive outcomes for conservation, culture and communities,” Groueix stated further. TotalEnergies signed an agreement with Safe Way Right Way (SWRW) for road safety initiatives in schools, Cross Cultural Foundation Uganda (CCFU) for the implementation of a cultural dialogue and heritage programme, and Wildlife Conservation Society (WCS) to support UWA law enforcement activities in the MFNP park and Chimpanzee…
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Minister of State for Minerals Peter Lokeris

Natural Resources Committee To Meet Stakeholders In Petroleum Trade To Find Solutions For Runaway Fuel Prices In The Country

The Deputy Speaker of Parliament Thomas Tayebwa has referred the matter of the high and uneven fuel prices in the country to the committee on natural resources who are expected to meet fuel dealers, the energy minister, the shadow energy minister and other stakeholders and give a report on the matter to the house within seven days. Tayebwa’s reaction was ignited after Members of Parliament raised the matter of skyrocketing and non-uniform prices of fuel in the country on the floor of parliament when the Minister of State for Minerals Peter Lokeris was presenting a statement on the supply of petroleum products into the country. The Soroti West Division Member of Parliament Jonathan Ebwalu asked the Ugandan government to deal with fuel dealers who have started hoarding the prized and scarce petroleum product. The MP is also concerned that fuel is being sold at very different prices in different areas.…
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Austria and Luxembourg have signaled that they plan to pursue a legal challenge to the inclusion of the two energy sources in the taxonomy, though it’s a process that could take years.

European Union Lawmakers Vote To Label Natural Gas, Nuclear Energy As Green Investments

European Union lawmakers voted to allow natural gas and nuclear energy to be labeled as green investments, removing the last major barrier to potentially billions of euros of funding from environmental investors, Bloomberg reported Wednesday. Parliament fell short of the 353 votes needed to reject the inclusion of gas and nuclear technology in the EU’s so-called Taxonomy, a list of economic activities deemed in line with the bloc’s transition to climate neutrality. Barring an unlikely objection from member states, it now means the regulation will start at the beginning of next year. The vote means that new gas plants will be able to tap into a fresh pool of money from environmental, social and governance investors, albeit for a limited time and only when those facilities are replacing coal-fired stations. It will also serve as a boost to Europe’s struggling nuclear sector, which countries like France have touted as a…
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Former OPEC’s Secretary General H.E. Muhammad Barkindo

Death Of OPEC's Muhammad Barkindo Is An immeasurable Loss - African Energy Chamber

Organization of Petroleum Exporting Countries (OPEC) Secretary General H.E. Muhammad Barkindo, oil industry veteran, away at 23:00 on July 5, 2022, in his home country of Nigeria at the age of 63. Barkindo's death has been described by African Energy Chamber an immeasurable loss and tragedy. The legacy left behind by H.E. Barkindo, African Energy Chamber, will be remembered by the global energy community for years to come. "With a career spanning four decades, H.E. Barkindo dedicated his life and career to growing the Nigerian, African and global oil and gas sectors. His journey with the Organization of Petroleum Exporting Countries (OPEC) started in 1986 where he served as Nigeria's delegation to the organization. "Thereafter, his role in the organization grew as he took on other positions including acting OPEC Secretary General in 2006, representing Nigeria on OPEC's Board of Governors from 2009 to 2010 and finally appointed as Secretary…
Africa's natural gas resources provide the continent with an opportunity to speed up the energy transition, reduce emissions and deforestation while at the same time addressing energy security

Natural Gas Exploitation Key To Solving Africa's Deforestation, Emissions & Energy Security Issues

Despite having 620 trillion cubic feet of natural gas reserves, Africa's over reliance on wood-based biomass energy remains high, resulting in an increase in land degradation, deforestation and greenhouse gas emissions, and in over 900 million people across the continent living without access to clean cooking. However, if fully optimized and exploited, the continent's natural gas resources present an opportunity for Africa to address environmental destruction, ensure clean cooking for its population while also guaranteeing energy security and economic growth.With over 81% of households in sub-Saharan Africa relying on wood-based biomass energy for cooking, the World Health Organization has linked millions of deaths in rural Africa to indoor emissions resulting from the continued and increased use of biomass. In this regard, countries such as Nigeria, Malawi, Ivory Coast, Kenya, Uganda and Zimbabwe, where biomass use is particularly high due to limited access to reliable electricity, could expand the exploitation of…
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Africa is increasingly taking ownership of its own energy destiny in the private-sector space

Africa Builds An Integrated Energy Economy

By Paul Sinclair The continent is making policy and legislative progress towards a new dispensation where firms from the region can exploit and develop its own resources for the benefit of its people. Key to this is ongoing regional engagement.Africa is increasingly taking ownership of its own energy destiny in the private-sector space. But – equally importantly – it is also developing the policy and regulatory tools that support economic self-determination.Nowhere is this more evident than in Nigeria, where the long-awaited passing into law of the Petroleum Industry Act (PIA) last year is poised to unlock vast potential in the domestic and regional energy sector.The Act has legislated the creation of two regulatory agencies to oversee critical parts of the industry. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) will be responsible for the technical and commercial regulation of petroleum operations…
In order the country to satisfy the local and international, the country need to produce 40 Million goats per year.

Oil & Gas Sector Spurring Demand For Goats In Bunyoro

Statistics indicate that currently Uganda has 14.1 Million goats and World over their Population stands at 1.4 billion goats. In order the country to satisfy the local and international, the country need to produce 40 Million goats per year. Dr. Jean Simon Onyaiti, the Academic Consultant from Bishop Stuart University, explains that quarter wanted a sample of 10,000 goats per month but the country couldn’t meet the demand. According to Dr. Onyaiti, the demand is high but they cannot meet that requirement. He has called on government to invest more in goats especially on government farms. Dr. Sylvester Baguma, the Director Bulindi Zonal Agriculture Research Institute (BUZARDI), says in Bunyoro Sub-Region they have about 800,000 goats. The ratio, he said, is still bad. Dr. Charles Kajura, the Hoima District Production and Marketing Officer, explains that they expect the demand to increase more once the oil production begins and Hoima International…
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