Ben Holland, head of oil and gas at Standard Bank Mozambique, talks to The Energy Year about how the bank’s role is likely to evolve in the midst of the Covid-19…
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Oil reserves:1.4 billion barrels
Gas reserves:14.2 bcm
Expected future oil production:240,000 bopd
Uganda’s oil and gas industry is attempting to quickly build up its infrastructure to take advantage of opportunities found in recent hydrocarbons discoveries before the world transitions away from fossil fuels towards more sustainable energy sources. Since oil was first discovered in 2006, the government has put comprehensive measures in place to ensure the efficient and value-added development of the nation’s petroleum resources, most of which are found alongside its western border with the Democratic Republic of the Congo. More than 20% of Uganda’s impressive oil and gas reserves are thought to be recoverable.
Uganda’s petroleum industry is regulated by the Petroleum Authority of Uganda in tandem with the state-run Uganda National Oil Company, which heads its upstream operations. The Ministry of Energy and Mineral Development is the government entity responsible for developing and managing the nation’s energy resources. The country has successfully attracted international players such as TotalEnergies and China National Offshore Oil Corporation in developing the country’s upstream, midstream and downstream potential.
While being East Africa’s third-largest economy, more than 60% of Ugandan citizens lack adequate energy supply. Greenfield investments in the upstream industry have the potential to halt the country’s reliance on energy imports and add to its economic development through exports to the region. The country has significant renewable energy potential, including hydropower, biomass, solar, geothermal, wind and peat. Uganda National Renewable Energy Efficiency Alliance cites the country’s overall renewable energy potential as 5.3 GW.
“The energy industry is crucial, especially because of associated industries like infrastructure, processing and fabrication. Activity will not happen if there is no electricity. Electricity and other forms of energy are essential,” Ugandan President Yoweri Kaguta Museveni told the Energy Year. “Oil is finite and exhaustible, so we should use the oil money to create durable capacity. This capacity will be for modernising our railways, our energy and our transportation. That will attract the business that needs this infrastructure, especially manufacturing.”
TotalEnergies has finalised the acquisitions of VSB Group in Europe, SN Power in Africa and a series of solar and wind projects…
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UAE-based Alpha MBM Investments will invest in the development of a 60,000-bpd refinery in Kabaale, Uganda.
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Andrew Jackson of Inception talks about developing practical AI tools for the UAE’s oil and gas sector.
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Ministers, executives and technology pioneers will convene next week for ADIPEC 2024.
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Uganda plans to issue a new set of oil and gas exploration licences in fiscal year 2025/26.
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Michel Ussene of Mitra Energy talks about the company’s prospects for consolidating its retail fuel distribution network in…
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Uganda's energy minister says the country is exploring for oil in two new regions.
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Ben Holland, head of oil and gas at Standard Bank Mozambique, talks to The Energy Year about how the bank’s role is likely to evolve in the midst of the Covid-19…
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Uganda’s energy minister, Irene Muloni, said this week that Uganda has offered Tullow Oil a way out of a tax dispute that blocked a new oil pipeline.
Muloni made…
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Mohamed Ibrahim Mahlab, chairman of Rowad Modern Engineering, talks to TOGY about the environment for construction companies in Egypt, the impact of the Tahrir…
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Uganda National Oil Company and China National Offshore Oil Corporation (CNOOC) have signed a deal to explore a new block in the African country, the Ugandan government…
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Angolan and Ugandan officials met Monday to discuss exchanging experience in oil exploration, development, production and processing.
Ugandan Minister of State for…
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Antonio Bravo Neto, the general manager of Petromar, talks to TOGY about the investment climate, the outlook for the industry and areas of growth. Petromar performs…
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Blair Ferguson, Kenson Group CEO, talks to TOGY about upcoming opportunities in Trinidad and Tobago’s hydrocarbons market and regional expansion. Kenson Group began…
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Armour Energy signed the first exploration deal under Uganda’s 2015 protracted licensing round, international media reported on Thursday.
The PSA covers the…
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A consortium of GE, Saipem, Yaatra Ventures and Intracontinent Asset Holdings will build Uganda’s first refinery, international media reported on Monday.
The…
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Uganda’s government is planning to sign three exploration deals next month, international media reported on Wednesday.
The recipients weren’t specified, though…
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