Oil & Gas

January 28, 2022

FID: Uganda To Finally Announce Oil Investment Decision

Uganda will formally announce the Final Investment Decision (FID) for the construction of a 1,445 km crude oil pipeline and the development of two oil fields on February 1, 2022. The announcement will be made at the historical Kololo Independence Grounds in Kampala. FID is the point in an energy pro…

Deep Earth Admin

3 min read

January 25, 2022

Uganda Oil Marketers Want New Transportation Tax Rescinded

The Association of Oil Marketers has petitioned the Minister of Finance, Planning and Economic Development to intervene in its tax dispute with the Uganda Revenue Authority (URA). The association that represents over 40 oil marketing companies (OMCs) want the 15 per cent withholding tax the URA has …

Deep Earth Admin

3 min read

January 17, 2022

Fuel Crisis: Government Warns Oil Marketing Companies

The Government of Uganda has warned Oil Marketing Companies (OMCs) against hiking fuel prices beyond the “agreed rates” because they risked having their licenses revoked. Solomon Muyita, the spokesman of the Ministry of Energy and Mineral Development(MEMD) told this website that East African governm…

Deep Earth Admin

3 min read

January 16, 2022

Oil Contracts: Value Created Not Owner’s Nationality Defines a Ugandan Company

When evaluating national content compliance during contracting in the oil and gas sector, the value created in the economy rather than the nationality of the directors, will determine whether a company qualifies to be called a Ugandan entity, according to Earnest Rubondo, the Executive Director, Pet…

Deep Earth Admin

3 min read

January 16, 2022

Are you a Ugandan Company for Oil and Gas Purposes?

By Denis Kakembo The procurement of goods and services for the development phase of Uganda’s oil and gas project is currently underway. Several major contracts have been awarded some conditionally subject to further enhancement of the contractors’ national content commitments amongst other considera…

Deep Earth Admin

9 min read

January 12, 2022

$3 billion to be invested in Uganda’s oil sector in 2022

In what will be the biggest spend in the history of Uganda’s oil industry, and indeed in any other sector, in a calendar year, up to $3 billion worth of contracts are to be won this year as the country races towards achieving First Oil by early 2025. The revelation, made by Ernest Rubondo, the Execu…

Deep Earth Admin

2 min read

December 22, 2021

Why UNOC Will Spend At Source

DEI – The Uganda National Oil Company (UNOC) will be allowed to retain a portion of the proceeds from the sale of petroleum products following the passing of the Public Finance Management (Amendment) Bill, 2021. The amendment of the Public Finance Management Act, 2015, followed concerns that the law…

Deep Earth Admin

3 min read

November 17, 2021

Stanbic Oil Summit Will Unlock Business Opportunities for East Africa SMEs

By Tony Otoa There are business opportunities worth $15 – $20 billion in Uganda’s oil and gas sector. Given that Small and Medium Enterprises (SMEs) account for more than 70% of the entire private sector and employ over 2 million Ugandans, according to the Uganda Investment Authority, their take fro…

Deep Earth Admin

5 min read

November 17, 2021

Stanbic Targets SMEs at EA Oil Summit

The East African SME Oil & Gas Conference starts today, Thursday, November 18, 2021 and ends tomorrow in Kampala, under the theme: ‘Exploring opportunities for SMEs in the Oil and Gas sector’. Organized by Stanbic Uganda Holdings in conjunction with the Uganda National Oil Company (UNOC), the Petrol…

Deep Earth Admin

2 min read

November 13, 2021

Africa Needs Its Oil Energy Amidst Climate Change Concerns

With the COP26 summit calling for an end to global oil and gas exploration and extraction amidst climate change concerns, it is important to revisit the thoughts of Uganda’s President Yoweri Museveni on the subject in this opinion piece that first appeared in the Wall Street Journal in October, 2021…

Deep Earth Admin

3 min read

November 9, 2021

Uganda MPs Urged To Expedite EACOP Law

DEI – Members of Parliament from the Environment and Natural Resources Committee (ENRC) have been urged to expedite the enactment of the East African Crude Oil Pipeline (EACOP) law, the last piece of legislation needed to guide the commercial activities of the crude oil pipeline project in Uganda. T…

Deep Earth Admin

3 min read

August 27, 2021

Philippe Groueix is new TotalEnergies Uganda boss

As one of his main duties, Philippe Groueix, the new country manager of TotalEnergies Uganda, will oversee the execution of a more than $5 billion investment in the country as the French oil major races to oil production by the second quarter of 2025. Groueix was introduced virtually to Uganda’s oil…

Deep Earth Admin

2 min read