A farm down from cash stressed oil company Tullow in Uganda to the French giant Total is nearing a year since it was announced without approval from the government. Industry sources suggest the Joint Venture Partners ( Total, Tullow, and CNOOC) may have aligned their position on the terms of the approval. Initially when Tullow announced its intention to farm down to Total – it was CNOOC ( encouraged by

Uganda has been taken off the monitoring list of countries with high risk of money laundering and terrorist financing. The list is compiled and monitored by the Financial Action Task Force, a powerful body whose ultimate effect – through peer action, is to strengthen the health of the global financial system. The sanctions a country faces for non-compliance can be serious. Blacklisted countries such as North Korea for example can

 Uganda’s $ 4.5 billion refinery project could be delayed by a protracted dispute if one of the competitors, choses to go to court over the way the procurement process is being handled. Subsequently the new permanent secretary at Uganda’s Ministry of Energy Stephen Isabalijja is under pressure with rumors of his firing doing rounds. Amongst others it is said he may have prompted legal action after he personally ruled out

Current estimates from the Ugandan electricity regulator suggest a slow down in demand that could affect the country’s low cost hydroelectricity program. Over 80% of future supply is expected to come from hydroelectric sources although Uganda has a range of renewable energy solutions in place as well as potentially oil-based supply from its assets in the Albert valley. The analysis of demand for electricity in Uganda is however problematic. On

Uganda and Tanzania have signed an agreement to advance the crude oil pipeline also known as the East African Crude Oil pipeline Project. This brings Uganda closer to First Oil and takes forward the process of commercializing its crude. The government expects a Front End Engineering and Design