Centurion CEO Agrees To Write Book About Africa's Oil And Gas

Centurion Law Group Founder and CEO NJ Ayuk has been saying for years that Africa's oil and gas resources can fuel socioeconomic revitalization throughout the continent. Now he's writing a book that explains how it can be done. The book, "Billions at Play: The Future of African Energy", which is slated for release in October 2019, will be packed with captivating, useful ideas, stories, examples and information that Africans can use to take command of their future, from new oil revenue management models, gas to power, to the deal-making techniques and behind the scene strategies that Ayuk has successfully employed with multinationals and African governments. Additional topics covered in the book include the importance of including women in oil and gas leadership, monetizing petroleum resources, American investment in Africa oil and gas in the era of President Trump, local content, addressing energy security concerns, new African gamechangers, and the value…

Oranto Petroleum Completes Ngassa Block Seismic Data Acquisition Survey

Oranto Petroleum Limited (OPL) has successfully completed a Two Dimensional (2D) seismic data acquisition survey over the Ngassa block in the Albertine Graben. OPL contracted IMC Geophysical Services Limited from the United Kingdom to undertake the survey, which commenced on 15th April, 2019, and was completed on 18th May, 2019. “The survey involved the acquisition of 326 line kilometres of off shore (on Lake Albert) 2D seismic data over the Ngassa Contract Areas. The conclusion of this exercise represents an important step by the licensee in fulfilling its obligations for the first two-year exploration phase that runs from October 2017 to October 2019,” said Mr. Dozith Abeinomugisha, Director Exploration at the Petroleum Authority of Uganda (PAU). The two stratigraphic licenses of Ngassa Deep Play and Ngassa Shallow Play Contract Areas were awarded to Oranto Petroleum Limited from Nigeria in October 2017 by the Minister of Energy and Mineral Development, for…

Conference To Show How Energy Will Generate Economic Growth

Africa Oil & Power 2019, the official conference of South Africa's Department of Energy, will welcome over 20 African petroleum and power ministers. AOP said the 2019 theme is Make Energy Work. The theme will showcase the energy sector as a key driver of economic growth, jobs and opportunity for Africa's people and private sectors. 'Africa's Energy Conference' bridges traditional and alternative energy, fossil fuels and renewables, and petroleum and power to foster intra-African investment. Now the official conference of South Africa's Department of Energy, the flagship Africa Oil & Power (AOP) conference returns to Cape Town on October 9-11, with 20+ petroleum and power ministers to speak on the theme #MakeEnergyWork. As the sole platform taking an integrated approach to oil, gas and power and economic growth, AOP drives tough conversations as Africa sees massive advancements in its power sector and moves to develop historic oil and gas discoveries.…

CNOOC Uganda Rewards 120 Best Performing Students In Hoima And Kikuube

By George Busiinge Chinese oil and gas giant CNOOC Uganda, operating in Kingfisher, Buhuuka Kyangwali in Kikuube district, awarded 90 students who excelled in last year’s Primary Leaving Examinations (PLE), UCE and UACE under its Corporate Social Responsibility (CSR) Programme called CNOOC Best Performers’ Award. Speaking during the ceremony at Sir Titto Winyi playground in Kikuube district on Wednesday to recognize the best performers, Aminah Bukenya, the Public Relations Supervisor at CNOOC revealed that the programme was first started in 2012 with an aim of encouraging good performance among students in Hoima. Bukenya added that they have managed to award about 330 students. In 2013, 60 students were awarded, in 2014, 2015 and 2016, 90, in 2017, 2018, 90 students each year were awarded and more 120 students will be rewarded this year 2019 which will bring the cumulative total of BPA beneficiaries to 540 students both PLE,UCE AND UACE…

Buliisa Residents In Panic Over New Planned Relocations

By Peter Akugizibwe Araaali Residents in Buliisa district are leaving in fear after unconfirmed reports hinted that government and oil companies plan to relocate them to free up the entire Buliisa district for oil and gas exploration, development and production. According to residents from Ngwedo Sub County, who requested that their names are not published by this magazine, stated that a number of strange faces have frequented the area surveying different parts of the land. These strangers have not given much details to residents who now live in fear. A male resident explained that a surveying guide told them government plans to relocate them because the entire Buliisa will be inhabitable once oil and gas production commences. “He said government plans to take us to a safer place. He did not specify when oil and gas production will start,” the male resident said. Government extended the start of oil production…

U.S Firms Dash For Angola's Oil Sector

Angola has emerged as the hub of foreign direct investments within Africa, and the prospects of attracting more FDI this year are bright, particularly in the country's oil and gas sector. The ambitious reform agenda of President João Laurenço and that of the Minister of Mineral Resources and Petroleum, Dr. Diamantino Pedro Azevedo, has already resulted in increased investment from the country's biggest European operators. This current state of play now presents an opportunity for North American companies to re-engage and re-invest in the Angolan market."Angola has repositioned itself as a strategic oil investment hub and has made itself attractive to American oil firms to take a new look as Africa becomes once again a target for the US oil industry," said Jude Kearney, former Deputy Assistant Secretary for Service Industries and Finance at the U.S. Department of Commerce during the Clinton Administration and President of Kearney Africa. "American and…

Delay To Produce Oil Should Be Looked At As A Blessing

Uganda, despite discovering oil and gas in 2006, has failed to produce it but this delay, according to some key members of the private sector, is a blessing. While the delay to reach first oil has caused anxiety in some circles, Dr. Elly Karuhanga, the Chairperson Uganda Chamber of Mines and Petroleum (UCMP) has his reasons to count it as a blessing. “The oil and gas industry can be so much likened to taking a flight. Before a plane takes off from the ground, so much preparation goes on, cleaning, loading luggage, fueling, cockpit and cabin checks etc, once this plane starts taxing, if one is not on board, then it will be to late for them, he said. Therefore, because of this delay, Dr. Karuhanga, asserts that Ugandans and Ugandan entities have a chance to organize, skill up, put systems in place, upgrade standards and create meaningful mergers to…

Sudhir Wants Government To Fast Track Oil And Gas Production

The private sector is becoming impatient waiting for the promised oil and gas opportunities to open up. Entrepreneurs who have strategically positioned themselves to tap into these opportunities are calling on government to fast track these possibilities. The latest to voice his frustration at the delays being experienced in the oil and gas sector is businessman Sudhir Ruparelia who has asked government to close the deals that are causing the delays for the development and production of the country’s oil. “I would like to urge government to work towards closing the long awaited oil and gas opportunities. Many investors have made projections and investments based on that opportunity, the longer it takes to materialize, the more these investors will be hard pressed,” Sudhir told CEO East Africa in an exclusive interview. Uganda and the international oil companies are expected to announce a Final Investment Decision (FID) in June. The FID…

Uganda Launches Second Licensing For Oil Exploration

The Ugandan Ministry of Energy and Mineral Development launched Wednesday the second licensing round for oil exploration. Energy minister Irene Muloni speaking at the 9th East African Petroleum Conference and Exhibition in Mombasa, Kenya, said. The five onshore blocks on offer cover total area of 1,902 square miles. Companies have six months to submit their bids and licenses will be awarded by December 2020. Muloni said oil production in Uganda is convenient, at less than $1 per barrel, compared to the world average of $2 per barrel. The economic climate in the country is “conducive for investment," she added, thanks to infrastructure development, tax incentives and an educated population. A government statement issued in Kampala on Tuesday said the Avivi, Omuka, Kasuruban, Turaco and Ngaji blocks are located both offshore and onshore of Lake Albert, shared with eastern Democratic Republic of Congo. “The objectives of implementing the second licensing round…

Petroleum Authority Moves To Link Oil & Gas To Agriculture Sector

The Petroleum Authority of Uganda (PAU) has called on farmers in the country to start preparing to supply food to the oil and gas sector which will further open up its doors when the International Oil Companies (IOCs) reach the Final Investment Decision (FID) later this year. Dr. Joseph Kobusheshe, an official at PAU, said farmers must seize the opportunity now and maximize the opportunities being presented by the oil and gas sector. Ms. Peninah Aheebwa, the Director Technical Support Services at PAU urged farmers to think broadly and start planning now. She explained that about 160,000 people will need food during development and productions phases of the oil and gas. The two PAU officials made the remarks recently at Imperial Royale Hotel in Kampala during a one day local content conference targeting farmers who can and are interested in working in the oil and gas sector from across the…
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