The Petroleum Authority of Uganda (PAU), the regulator of the oil and gas sector in the country, reveals that the cumulative value of contracts reviewed, since 2021, stands at $7.163bn.Of this sum, $1.797bn (25%) is earmarked for Ugandan companies through direct Tier 1 contracting and sub-contracting from IOCs.A final investment decision announced in February 2022 […]
The East African Crude Oil Pipeline (EACOP) has handed over Kabajjo Memorial Junior School to Sembabule District. One of the school structures was affected by EACOP Right of Way. As an in-kind compensation, EACOP opted to replace the classroom block that was affected by the project. It also constructed additional structures. The EACOP Deputy MD […]
Uganda Peoples Defense Forces (UPDF) is in the spotlight for burning 15 fishing boats, fishing nets, and other important instruments vital to the livelihoods of local villagers living in the Kingfisher Development Area where China National Offshore Oil Corporation (CNOOC) has long been developing oil and gas operations.Civil Society Coalition for Sustainable Development, a group […]
The Uganda People’s Defence Force (UPDF) is seeking for Shs2.5bn to provide security to the East African Crude Oil Pipeline (EACOP), while the Uganda Revenue Authority (URA) also asked for Shs31.5bn to develop an oil and gas monitoring system to be used to monitor all taxpayers within this sector.“You know the security of our oil […]
The Minister of Finance, Planning & Economic Development, Matia Kasaija, has conducted a two-day monitoring and supervision exercise of works in the oil fields of Tilenga Project in Buliisa district, Kabalega International Airport in Hoima district, and the East African Crude Oil Project (EACOP) in Kikuube district in Western Uganda. Dr. Jane Mulemwa, the Board Chairperson […]
The Minister of State for Finance Planning and Economic Development, Henry Musasizi, has told Parliament’s Committee on National Economy that the country continued to register growth in Foreign Direct Investment (FDI) inflows in the past Financial Year (FY).“FDI inflows increased by 68.3 percent in 2022/23, largely hinged on the developments in the oil sector as […]
The Chief Executive Officer of the Uganda National Oil Company (UNOC), Proscovia Nabbanja, met with the Uganda Revenue Authority (URA) Commissioner General, John Rujoki Musinguzi, to share progress on UNOC’s plan to be the sole supplier of petroleum products in the country.According to Nabbanja, UNOC intends to replace the current “Kenya open tender system,” such […]
The Petroleum Authority of Uganda (PAU) has lifted the suspension of works at the Kingfisher Development Area (KFDA) in Kikuube District, paving the way for the resumption of operations.The KFDA is operated by CNOOC Uganda. Recently, it’s operations were suspended by PAU after an accident claimed the life of one worker on the site.Ernest Rubondo, […]
An innovative solution to use artificial intelligence to identify optimal locations for the installation of Electric Vehicle charging points has won the premier ‘TotalEnergies Uganda rEVolution hackathon’.The solution presented by the TBKN team was announced winner at an awards ceremony recently held in Kampala.The ceremony marks the conclusion of a three-months hackathon challenge launched by […]
