The FID announcement signifies the commitment of the oil companies to invest close to US$ 10 billion to develo...Read More

Mr. Ernest Rubondo, the Executive Director (ED) of the Petroleum Authority of Uganda (PAU) has revealed that the oil companies have submitted contracts worth US$ 6 billion for over 40 work packages for the Tilenga, Kingfisher and East African Crude Oil Pipeline (EACOP) Projects to the PAU for approval. This revelation was...Read More

China National Offshore Oil Corporation Ltd (CNOOC) has finally closed the long-awaited Final Investment Decision (FID) for t...Read More

The government and international oil firms—French Total E&P, and China’s CNOOC on Sunday signed off four key agreementsRead More

An unprecedented meltdown happened yesterday the 20th of April 2020 as oil prices crashed through zero, closing out the day at -$37 per barrel according to oilprice.com. Many factors contribute to price volatility and for this circumstance it was the May West Texas Intermediate (WTI) contract. Today, Tuesday 21st April 2020, the May WTI contract...Read More