Tullow Sells Uganda Assets to Total for $900m

• Monday, 20th March 2017
• by

UK’s Tullow Oil plc announced that it agreed to farm-down 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total E&P Uganda B.V. (Total) for a total consideration of $900m, Eu...

Uganda’s Hydro Power Plant to Be Operational in March

• Sunday, 19th March 2017
• by

Sri Lanka’s Vidullanka Plc said it has completed building a 6.5MW mini-hydro power plant in Uganda, Economy Next informed. The plant will be connected to the national grid late March after a joint testing by the relev...

WB: Uganda’s Oil to Expand Economy

• Thursday, 23rd February 2017
• by Sarah Samir

Uganda’s economy is estimated to expand by 5.2% in the fiscal year 2017/2018, despite a previous drop to 5% in 2016/2017, thanks to foreign and domestic investment in infrastructure in the oil industry, accordin...

Uganda Likely to Produce First Oil by 2020

• Thursday, 23rd February 2017
• by Editorial Team

Uganda has come closer to materializing its plan to produce first oil by 2020. Partners in Uganda’s oil and gas are closer to making a final investment decision (FID) following the announcement that three companies wi...

Tullow Strikes More Oil Explorations in Kenya

• Tuesday, 24th January 2017
• by Editorial Team

Tullow Oil has said it is not planning to farm down its Kenyan assets after it sold part of its Ugandan assets to Total in January, Oil News Kenya reported. With a substantially reduced stake and an exit from an activ...

Gulf Interstate to Design Uganda, Tanzania Oil Pipeline

• Wednesday, 11th January 2017
• by Editorial Team

Uganda and Tanzania have awarded a contract for designing a crude oil pipeline running through both east African countries to US based firm Gulf Interstate Engineering, Reuters reported. Tanzania’s Energy Minister, So...

Tullow Farmed Down to Total in Uganda

• Tuesday, 10th January 2017
• by Editorial Team

Tullow Oil and Total E&P Uganda have entered a sale and purchase agreement that has Tullow farming down a substantial slice of its assets in Uganda, Petroleum Africa reported. Tullow has agreed to transfer 21.57% ...

SEFA Funds Bio-Fuel Plant in Uganda

• Tuesday, 3rd January 2017
• by Editorial Team

Sustainable Energy Fund for Africa (SEFA) granted $993,000 to power developer Earth Energy Co Ltd for preliminary works for the development of a 20MW biomass gasification project in Uganda, Ecofin Agency reported. Bes...

Uganda to Address Environmental Concerns from Oil&Gas

• Monday, 2nd January 2017
• by Editorial Team

The Government of Uganda will introduce a Bill aimed at addressing environmental concerns arising from oil and gas activities, as the country prepares for oil production, Ecofin Agency reported. The bill, which has ye...

Russia Set Terms for Uganda’s Oil Refinery

• Sunday, 18th December 2016
• by Editorial Team

Russia has set new terms for its involvement in building Uganda’s $4b oil refinery in Hoima, western Uganda, a project it abandoned in June 2016, All Africa informed. The Ugandan refinery had been estimated to b...