Oil

Kampala, Uganda – The expected oil revenues could provide an important source of financing for the country’s Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The warning emerged …

The Executive Director of the Petroleum Authority of Uganda (PAU), Mr Ernest Rubondo, has reassured Ugandans that the country remains on course to achieve its first oil production by July 2026. He said all key players in the oil and gas sector are working toward meeting the target, with critical …

Uganda’s long-delayed US$4 billion oil refinery project has gained fresh momentum after the government signed new agreements with UAE-based Alpha MBM Investments, marking a decisive push toward the long-awaited Final Investment Decision (FID) in July 2026. The partnership, led by Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, will see …

Dar es Salaam, Tanzania – Tanzania is moving closer to an agreement on the terms for its long-stalled $42 billion liquefied natural gas (LNG) project at Likong’o in Lindi, with a final deal anticipated before the end of 2025. The massive project, under negotiation for over a decade, is intended …

TotalEnergies implements with consistency its balanced and profitable transition strategy, anchored on two pillars: Oil & Gas, mainly LNG, and Integrated Power. The Company plans to increase energy production (oil, gas and electricity) by four percent per year through 2030 while reducing emissions from its operations (-50% on Oil & …

ENTEBBE, UGANDA – In a significant move set to bolster the East African oil and natural gas sector, the Petroleum Upstream Regulatory Authority (PURA) of Tanzania, the Zanzibar Petroleum Regulatory Authority (ZPRA), and the Petroleum Authority of Uganda (PAU) have officially signed a Memorandum of Understanding (MoU). The agreement, inked …

Uganda’s extractive sector is poised for a period of significant growth and transformation in 2025, driven by a confluence of factors, including the imminent commencement of oil production and a surge in demand for critical minerals. The long-awaited launch of commercial oil production, facilitated by the East African Crude Oil …

Despite boasting a rich and diverse mineral resource base, Uganda has lagged behind its regional peers in harnessing this economic potential. However, a series of ambitious initiatives are now underway to transform the sector and unlock the country’s vast wealth. The government’s National Development Plan IV (NDP IV) has prioritized …

The launch at COP28 of the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors, firmly put the spotlight on the millions of tons of methane (CH4) pumped into the atmosphere during …

Issued by: Wood Mackenzie Africa is yet to see anything close to a full return on its massive oil and gas resources. With one-third of the continent – almost 500 million people – still having no access to electricity, ending energy poverty across Africa is among the planet’s most urgent …