Key Oil & Gas Territories To Make Big Announcements At Africa Oil Week

As ever, Africa Oil Week will be the place for major national roadshows in the oil & gas sphere. 30 ministries are taking part this year, with over 20 presenting. This is the best chance to get insider knowledge on key opportunities, legislation changes, bidding rounds and more – direct from the companies and government intimately involved in leading them.Here are some highlights of the National Roadshows and Bidding Rounds happening this year.National Roadshows at Africa Oil Week 2019Sierra LeoneSierra Leone will be announcing details of a new bidding round at Africa Oil Week 2019.Led by the Minister of Mineral Resources Hon. Foday Rado Yokie and Timothy Kabba, Director General of the Petroleum Commission of Sierra Leone, and supported by Jonathan Copus, CEO of Getech, the nation's delegation will be announcing the opening of a fresh round of exploration rights.Only eight wells have been drilled there since 1982, with the…

Africa Oil & Power To Launch Investment Reports For 3 African Countries

Africa Oil & Power's (AOP) Africa Energy Series (AES) investment reports are set to launch at the Africa Oil & Power conference and exhibition at the CTICC 1 in Cape Town, South Africa. All delegates attending the conference will receive a copy of the AES reports.Providing a broad outlook on the energy sectors of South Africa, Angola, Senegal and Equatorial Guinea, the AES investment reports are a compilation of resources, articles and interviews with key industry players examining the potential and challenges in each country's petroleum industry.The investment reports are a vital resource for investors entering or expanding their presence in the continent's energy sector. Covering both macro and micro-dynamics, the AES reports are one of the few holistic and informed resources available for an otherwise information scarce industry.H.E. Gwede Mantashe, South Africa's Minister of Mineral Resources and Energy, will launch the South Africa report on the first day of…

Nabbanja, New UNOC CEO, Tasked To Implement Five Year Strategy

Uganda National Oil Company (UNOC) Monday announced that Ms. Proscovia Nabbanja will be the Chief Executive Officer taking over from Josephine Wapakhabulo who recently resigned. Nabbaja, who has been operating in acting capacity, has immediately been tasked by the Board of Directors to implement the company’s Five-Year Strategy developed by Wapakhabulo. The strategy basically spells UNOC ambitions and how to achieve its objectives key of which is to ensure that UNOC becomes a profitable company that brings value to its shareholders. “The BOD is confident that Ms. Nabbanja’s appointment will propel UNOC to greater heights given her vast Knowledge, drive and experience in the petroleum industry. “UNOC has a key role in ensuring the sustainability of petroleum resource production and reserve replacement in the country. In this regard, UNOC is planning to acquire exploration licenses with a view of increasing the resource base of the country. “UNOC’s strategy is to…

Tullow Oil Donates 60 Computers To Four Primary Schools

By George Busiinge Tullow Oil Uganda, an oil company operating in Buliisa and Hoima districts, has donated 60 computers to four primary schools in the Albertine Graben region - each receiving 15 computers connected to solar. The schools that benefited are Ndadamire Primary School and Buliisa Primary School in Buliisa district, Kyehoro Primary School in Kikuube district and Kaiso Primary School in Hoima district. Tullow Oil Uganda managing director Jimmy D. Mugerwa said that the initiative is aimed at promoting ICT skills development among learners and teachers in government-aided schools. Mugerwa says the donation is part of their corporate social responsibility. He revealed that $5m have so far been invested in CSR activities since they started operating in the region. The Hoima district chairman, Kadiri Kirungi, while receiving the computers at Kaiso Primary School in Mbengu parish, in Kabaale sub-county, Hoima district, commended Tullow Oil Uganda for the donation. He…

Stanbic Unveils Business Incubator Programme For Albertine Grabben

By George Busiinge Stanbic Bank Uganda has officially unveiled the business incubator project that will help equip local small and medium enterprises (SMEs) in the Albertine Grabben with skills needed to sustain their enterprises in the oil and gas sector. The centre which is located in Bujumbura, Hoima municipality, was launched in partnership with Tullow Oil Uganda Limited and will focus on strengthening farmers’ capacity in the oil rich region, targeting agriculture opportunities in the oil and gas sector. According to Stanbic Bank’s CEO Patrick Mweheire, over Sh500million has so far been invested in setting up the operationalization of the centre. He urged local leaders to popularize it for the benefit of the local community saying similar services will be extended in Gulu, Mbale and Mbarara this year. Officiating at the launch on Tuesday, Mweheire said the facility will help to deal with agribusiness enterprise challenges in the Albertine region…

Oranto Petroleum Empowers Local Businesses In Uganda

In line with Oranto Petroleum's commitment to domestic capacity building and local content development across sub-Saharan Africa, the company organized a tender workshop in Uganda in partnership with the Petroleum Authority of Uganda, the Local Government Administration and KITADI consultancy.Organized in the region of the Albertine Graben where Oranto Petroleum has its Ngassa licenses, the workshop was attended by over 250 participants, a majority of which were business owners and entrepreneurs."Oranto understands that oil resources have the potential to provide immense benefits to African nations through employment of the local workforce, and can boost local communities and generate rural transformation," declared Prince Arthur Eze, Chairman of Atlas Oranto Petroleum. "When we hire, train, promote and give contracts to Ugandan nationals, it is a victory for the oil Industry and country. We are thankful to President Yoweri Museveni and the people of Uganda for working closely with the oil industry to…

African Energy Chamber Invites Applications For 2020 Africa Energy Fellowship Program

In order to provide young energy professionals with the tools and experience to become future leaders across the industry, the African Energy Chamber is launching its first Fellowship Program in 2020. Applications are open throughout October 2019, for a one-year program that will start in January 2020.In line with its growing international cooperation, the African Energy Chamber will be welcoming young professionals from across Africa, North and South America, Asia and the Middle East to join its office in Johannesburg for 12 months. The Fellows will be provided with an opportunity to apply analytical skills on concrete challenges and problems across the energy sector, and an opportunity to specialize in upstream oil & gas and local content development. They will be working in collaboration with the Chamber’s dedicated oil and gas sector advisors and experts located around sub-Saharan Africa, and help deliver research and consulting projects that address on-the-ground challenges…

African Energy Sector ADIPEC 2019 Message Focusing On Continent's Investment Potential

After a year of remarkable achievements and continuous recovery across Africa's oil markets, the continent's energy industry will be gathering at ADIPEC in Abu Dhabi on November 11-14, 2019 to set the industry agenda for 2020.As Africa's energy revolution accelerates, African energy officials from governments and the public and private sectors are joining ADIPEC to send a strong message on the continent's potential and ambitions for the coming years.Taking the lead on representing Africa at the world's largest oil & gas event, the African Energy Chamber (EnergyChamber.org) has signed an agreement with ADIPEC and is officially endorsing the conference & exhibition and inviting all its partners to join the African delegation participating in ADIPEC."The good news for Equatorial Guinea and many African countries is, we have the resources. African countries have some much untapped reservoirs of oil and natural gas that have regrettably been underexplored. We need to attract investment…

Oil And Gas Sector Is Lucrative But Has Potential Risks, Azim Tharani

Many sectors running the country’s economy are on the sideline watching how it all plays out in the oil and gas sector which is expected to attract a cache of $20bn worth of investment from government and international oil companies. As risk bearers, insurance companies are putting themselves in a position where they can with ease tap into the nascent sector. One such insurance company readying itself for the big oil and gas harvest is Goldstar Insurance whose Managing Director Azim Tharani is leading a consortium of 15 other such companies to bear risks in the petroleum industry. In an interview with The Independent magazine, Tharani revealed that the insurance companies have formed a consortium called Insurance Consortium for Oil and Gas of Uganda where he is the chairman. “This is aimed at helping us pull resources together to offer insurance services to the sector. We have informed all sector…

Victoria University Comes Of Age As Oil & Gas Trainer

The effort to train Ugandans who want to work in the growing oil and gas sector at Victoria University is getting stronger each year as the university continues to strategically put itself in the desired position. The university is already offering courses like Certificate in Oil and Gas Supply Chain and Logistics Management, Introduction to the Oil and Gas Industry and Bachelor of Science in Oil & Gas Accounting and Science in Oil and Gas. Excelling at teaching these courses is making Victoria University the leading oil and gas training institution in the East African Region. “We have been training professionals for the oil and gas industry as well as businesses and organizations whose activities intersect with the industry since 2014,” vice-chancellor Assoc. Prof. Krishna N. Sharma said. This achievement has attracted the attention of the government which has recognized the learning institute as a key stakeholder in oil and…
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