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African national oil companies (NOCs) need to evolve for the future in light of a challenging and disruptive environment: PwC analysis

African national oil companies (NOCs) need to evolve for the future in light of a challenging and disruptive environment: PwC analysis

NOCs across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon world. A new era of lower oil prices is challenging business models that have […]

A bright future for Ugandan oil and gas sector

A bright future for Ugandan oil and gas sector

The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country’s economy annually in the next few years if managed well. These sentiments were echoed by speakers and delegates attending the Uganda International Oil & Gas Summit in Kampala Uganda. Addressing government officials and delegates, […]

China’s Foreign Policy Experiment in South Sudan

China’s Foreign Policy Experiment in South Sudan

China’s longstanding principle of non-interference in other states’ internal affairs is evolving with its growing global footprint. As Chinese overseas investment and business links grow in scope and depth, Beijing faces increasing threats to its citizens, economic interests and international reputation. That, in turn, has confronted China with the inherent limitations of its traditional hands-off […]

Nigerian Content Development & Monitoring Board sign MOU with CWC Group on PNC Forum

Nigerian Content Development & Monitoring Board sign MOU with CWC Group on PNC Forum

NCDMB reinforces its commitment to the Practical Nigerian Content (PNC) (www.CWCPNC.com) Forum held annually with the signing of a MoU with the CWC Group. Under the terms of the MoU, the NCDMB & CWC alongside Nigerian partner, Levmora Services will collaborate to deliver greater value through PNC. This will be achieved by further engaging with […]

How Uganda Oil Firms Plan to Raise Shs12 Trillion for Pipeline

How Uganda Oil Firms Plan to Raise Shs12 Trillion for Pipeline

Just days after signing with the Tanzanian government a landmark agreement for construction of the Hoima-to-Tanga oil pipeline, Ugandan officials are scratching their heads on how to raise the country’s chunk to the $3.5b (approx.Shs12trillion) kitty required for the capital development. Industry sources say that with no special allocation in the 2017/18 budget, Kampala has […]

Uganda, Tanzania Ink U.S.$3.6 Billion Oil Pipeline Agreement

Uganda, Tanzania Ink U.S.$3.6 Billion Oil Pipeline Agreement

Uganda and Tanzania have signed a framework agreement on their proposed $3.55 billion crude export pipeline, a key milestone for the project. Tanzania’s Minister for Constitution and Legal Affairs, Prof Palamagamba Kabudi and Uganda’s Energy minister Irene Muloni signed the intergovernmental agreement in Dar es Salaam Friday. Uganda is expected to start pumping its oil […]

Why Museveni Chose Tanzania Over Kenya for Oil Pipeline

Why Museveni Chose Tanzania Over Kenya for Oil Pipeline

President Museveni and his Tanzanian counterpart John Pombe Magufuli have signed the East African Crude Oil Pipeline Agreement (EACOP), which now paves way for construction of the proposed crude oil export pipeline from Hoima, in mid western Uganda to Tanzania’s Indian Ocean port of Tanga. The agreement, signed on Sunday almost a year after Uganda […]

Minister Vows to Resign by 2019 if Nigeria Still Imports Oil

Minister Vows to Resign by 2019 if Nigeria Still Imports Oil

Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu, on Monday vowed to resign if Nigeria continues to import fuel by 2019. Mr. Kachikwu stated this during an interview on BBC World Service programme, HardTalk, anchored by Stephen Sackur. In the interview, which lasted 23 minutes, Mr. Kachikwu promised to deliver on the completion of […]

NGO Blames Water Pollution in South Sudan On Oil Company

NGO Blames Water Pollution in South Sudan On Oil Company

Drinking water around an oil-producing area in South Sudan is heavily polluted. A German NGO puts the blame on Malaysian oil company Petronas. It has also become a subject of embarrassment for carmaker Daimler. Klaus Stieglitz came across the problem of drinking water by chance. “In 2007, one of our project partners informed us that […]

Tanker Laden With 33,000 Litres Diesel Fuel Explodes in Lagos

Tanker Laden With 33,000 Litres Diesel Fuel Explodes in Lagos

A 33,000 litres tanker fully laden with diesel has crashed on a car in Lagos, leading to a fire outbreak. Sources said the tanker crashed on the BMW Car with registration number (LSD 462 CZ) while driving inward Ladipo area, Oshodi-Apapa expressway, Lagos. PREMIUM TIMES gathered that the tanker, with registration number TUT 258 XA, […]

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