The continuation of travel restrictions and suspension of visas and travel between Africa and Europe is heavily restraining the oil & gas industry’s recovery efforts. Because of its international nature, the oil & gas sector relies on global value-chains and successful cooperation and movement of people, goods and services between foreign and local contractors. The […]
Black Rock Mining Ltd has signed a non-binding MOU with Korean industrial group POSCO to form a strategic alliance and development relationship for the Mahenge Graphite Project in Tanzania. The first phase of the investment agreement anticipates an initial investment of up to US$10 million by a subscription for shares and/or convertible notes in Black […]
Civil Society advocating for transparency in the mineral sector has appealed to the Ministry of Energy and Mineral Development to hasten the passing into law of the Drafted Mining and Mineral Bill of 2019. They argue that the law will protect Artisanal and Small Scale Miners from the ongoing controversies relating to their Licensing. According […]
Great Lakes Energy Company (GLE), the investors of Kabulasoke Solar Power Plant, in Kabulasoke has handed over five brand new Nissan Double Cabin Pick-ups worth 134,300 US Dollars (Shs 507m). According to a Press Statement that was issued by the company, the five cars will be used to transport medical workers and distribute food-related items […]
Ethiopia has inarguably taken the lead in the implementation of Climate-Resilient Green Economy to protect itself from the adverse effects of climate change with significant resources being deployed towards reducing Greenhouse Gas (GHG) emissions. The key success stories are in afforestation and land rehabilitation; generation and distribution of electricity from clean and renewable sources and […]
To avoid home accidents, homeowners who use LPG roll-about heaters, patio heaters or fireplaces need to ensure the safety of their gas equipment as well as the cylinders they use. It is extremely important that you make use of registered professionals to perform the installation and maintenance of LPG appliances and cylinders. Used in accordance […]
A new Board of Directors that will steer the Petroleum Authority of Uganda (PAU) for the next four (4) years has been inaugurated. The new board was inaugurated by Dr Kitutu Kimono Mary Goretti, the Minister of Energy and Mineral Development. This is the second Board of Directors for the Authority. The inaugural Board took […]
Following Total’s move to acquire Tullow Oil’s stake in the Uganda Lake Albert Project, Africa Oil & Power and the African Energy Chamber are hosting a public webinar on the upcoming opportunities in Uganda and East Africa’s oil and gas industry, as the industry moves forward with the long-awaited deal. The webinar will highlight opportunities […]
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this spring. For Africa’s oil-producing countries, where crude oil exports make up a large portion of their revenue, the situation is especially dire. In Nigeria, for […]
The recent acquisition by Total of Tullow Oil’s entire interests in the Lake Albert Development Project in Uganda, including the East African Crude Oil Pipeline, marks the beginning of a new chapter for East Africa’s energy industry. To dissect the deal and discuss its wider implications for the region, a webinar was organized with leading […]
The World Health Organisation (WHO) has declared the COVID-19 outbreak a pandemic. At the time of writing, there are over 3 million confirmed cases across the world. Even the most optimistic analysts expect a global recession. Mining companies have been affected by COVID-19 outbreaks, and global restrictions to encourage social distancing have meant that mining […]
Total and Tullow have entered into an agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and $75M when the partners take the […]
This year’s review meeting of the Presidential Investors’ Roundtable (PIRT) kicked off Tuesday this week, with both government officials and investors agreeing on the need to dialogue in order to have a win-win investment climate. The annual three-day review meeting at State House Entebbe is aimed at driving government ministries, departments and agencies to improve […]