Sunday , December 16 2018
Home / Deep Earth

Deep Earth

Kenya-Uganda pipeline: Let`s get it right this time

Around midday on Friday, February 1, 2013, a significant meeting took place at the Ministry of Energy offices at Amber House, Kampala Road. The names of the companies vying for the construction of the Kenya-Uganda petroleum pipeline from Eldoret to Kampala were unveiled. With that, a vital topic was reawakened: …

Read More »

Tullow Oil virtually static despite forecast of strong growth

Tullow Oil recently said 2013 financial results are expected to deliver strong revenue and gross profit growth and operating cash flow of $1.9bn reflecting growth in production and stable oil and gas prices. Following a successful $650m debut bond issue in November 2013, Tullow’s balance sheet is well-funded and the …

Read More »

Marathon Pumps Up Eq. Guinea’s Gas Production

American independent Marathon Oil has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea. Production from the B3 platform allows Marathon Oil to convert approximately 780Billion cubic feet (or130 million barrels of oil equivalent),of proved undeveloped reserves, more than doubling the Company’s remaining proved …

Read More »

Vertex Assumes the Largest Share of First Hydrocarbon Nigeria (FHN)

Vertex, an Upstream Nigerian independent funded by African Capital Alliance (ACA), has taken 40% of First Hydrocarbon Nigeria FHN, in a new shareholding structure of the latter. The company is one of two new equity holders of FHN, buying into what used to be Afren’s 70% of FHN. The other …

Read More »

Babungi to take charge of Umeme, Uganda’s foremost energy distributor

Come April 1, Selestino Babungi, will take charge of Umeme, Uganda’s foremost energy distributor following the stepping down of Managing Director, Charles Chapman. Babungi, who has previously served as Umeme’s Chief Financial Officer (CFO), was also appointed an Executive Director with effect from March, 13, 2015. Chapman, will stay in …

Read More »

Deaths at Kilembe force company to improve safety measures

In December, 2015 alone, the Tibet-Hima consortium, that is running the Kilembe copper mines, has lost two workers in avoidable fatal accidents. As would be expected, these deaths have caused unease in the community, in Kasese, Western Uganda with concerns raised about the safety measures, if any, that are employed …

Read More »

Uganda, RT Global Resources agree on refinery details

The Government of Uganda has completed negotiations on the principal agreements in its Refinery Project with the RT Global Resources – led consortium, according to a highly placed Ministry of Energy and Mineral Development official. “It’s true, the negotiations have been completed and once a few minor details are ironed …

Read More »

Total in last pitch for Tanga pipeline route

Patrick Pouyanne, the Chief Executive Officer of France?s Total Group, held a meeting with President Yoweri Museveni in Jinja just before Christmas, where the two discussed the need for Uganda to mainly consider the financial implications while choosing which route the country?s crude export pipeline should take. Uganda is said …

Read More »

Victoria University Wants a Part in Uganda’s Developing Oil Story

Apart from the infrastructure challenges faced by Uganda in its quest to develop its oil and gas industry, the lack of the requisite skills needed by the industry is another gap that needs to be urgently addressed if the locals are to benefit maximally from the natural resource. No wonder, …

Read More »