Uganda prepared to tax windfall profits from oil revenues
By Ali Ssekatawa In October 2022, international oil companies reported record profits because of high crude oil prices. Exxon Mobil broke records with its profits in the third quarter, raking in US$19.7b in net income, a nearly US$2b increase from its second quarter. TotalEnergies SE posted a sharp jump in its third quarter net income […]
Uganda launches drilling activities for the Kingfisher project
Uganda’s oil industry registered another key milestone on January 24, 2022, with the launch of the spudding (commencement of drilling of the oil wells) for the Kingfisher oil field. CNOOC Uganda Limited operates the Kingfisher field on behalf of the Joint Venture Partners TotalEnergies E&P and Uganda National Oil Company (UNOC). The spudding ceremony was […]
Uganda’s natural gas resources as an alternative energy source
By Steven Enach Globally, energy is one of the key drivers of economic growth and development. Overcoming energy poverty is one of world’s great challenges. All the countries in the East African Region (EAR) are not producing sufficient energy to meet their current needs. No country achieves socio-economic development without its population having access to […]
Make petroleum data more valuable –African oil producing countries urged
The 7th African Petroleum Data Management Forum Conference (APDMF) has officially opened at the Commonwealth Resort, Munyonyo – Kampala, with a call to participating countries to make petroleum data more valuable. The APDMF comprises of representatives from key government entities from different countries concerned with policy, regulatory and commercial aspects of the sector. This forum […]
Africa should be energy independent
By 2050, Africa’s population is projected to grow to 2.5 billion people, which will be close to 25% of the world’s population, which is expected to grow to about 9.5 billion. Africa will impact every aspect of life in the world, especially trade and industry given that majority of the 54 African states will have […]
Uganda’s Refinery: The case for a Complex/Conventional Versus the Modular Refining Technology
In an article ‘Rethink Oil Refinery Perspective – Modular Refining Technology’ published on Tuesday 30th August, 2022, Mr. Sam Ahamya Butsya alludes to the fact that the silver lining for Uganda’s refinery dream is the modular refining technology option rather than the conventional/complex refinery. In planning for the development of the refinery in the country, […]
The Big Interview: Joint Ventures: KarmodBETA’s journey to becoming a Tier Two contractor
Joint Ventures: KarmodBETA’s Journey to Becoming a Tier Two Contractor Uganda’s national content legislation requires that Ugandan entities be given priority in the sourcing of goods and services for oil activities. In instances where the goods and services are not available in Uganda, the requirement is that these are provided by a company that has […]
Uganda’s Oil and Gas Projects: The Value at Stake
By Peninah Aheebwa: The East Africa Crude Oil Pipeline project (EACOP), which is meeting resistance from opponents of Uganda’s development, is one of the projects Uganda has planned to monetize its oil and gas assets, which are currently valued at US$ 116 billion (gross). These assets are certainly among the country’s biggest economic assets in […]
Sustainable utilization of the oil and gas resources in Uganda through value addition
Energy is one of the key drivers of economic growth and development world over. Overcoming energy poverty is among the world’s greatest challenges. All the countries in the East African Region (EAR) do not produce sufficient energy to meet their current needs. However, petroleum products consumption in the region is steadily growing, despite climate change […]
The 3rd Annual National Content Conference; the multiplier effect of Uganda’s oil and gas sector
By Yusuf Masaba KAMPALA: The Oil and Gas sector has been identified and prioritised as one of the sectors with the greatest multiplier effect on the economy. Hon. Ruth Nankabirwa Ssentamu, the Minister of Energy and Mineral Development made this revelation during the recently concluded two-day 3rd Annual National Content Conference that was organised by […]