Uganda’s petroleum sector has reported an increase in the country’s estimated oil and gas reserves, according to Ernest Rubondo, Executive Director of the Petroleum Authority of Uganda (PAU), a government agency that regulates the sector.According to Rubondo, the latest asse
ENTEBBE – The Petroleum Authority of Uganda (PAU) is marking ten years of regulating the country’s oil and gas sector, a milestone that Executive Director Earnest Rubondo describes as a decade of steady growth, institutional strengthening and careful stewardship of Uganda’s petroleum resour
Fuel prices, especially petrol, have shot upFuel prices in Uganda are highAcross Africa, the price of a single litre of petrol can determine whether families eat, whether markets open, or whether a taxi driver makes it home with a decent earning. In Libya, that litre costs less than
The Ministry of Ministry of Finance, Planning and Economic Development (MoFPED) has released data indicating a positive economic outlook for the month of October, 2025 as compared to the previous month.The Ministry says that in October 2025, the Shilling appreciated by 1.3 perce
US Paves Way For Talks On Lukoil’s Assets Sale In Nigeria, Other CountriesLukoil's international assets are estimated to be worth about $22 billion, based on 2024 filings.The Trump administration on Friday gave clearance to potential buyers to talk to Russia’s Lukoil
Drone attack in export hub Novorossiysk fuels supply worriesBeijing/Singapore — Oil prices jumped about 2% on Friday on supply fears after a Ukrainian drone attack hit an oil depot in the Russian Black Sea port of Novorossiysk, a major export hub.Brent crude
One hundred forty-one graduates trained in mechanical, electrical, production, instrumentation, leadership, and health, safety and environment (HSE) have graduated from the EACOP Academy at Uganda Petroleum Institute Kigumba (UPIK).The training, a result of a partnership between
The decision to flag up the licensing rounds is in line with President Bola Tinubu’s plan to grow Nigeria to a $1 trillion economy.A graphic illustration of barrels of crude oilThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced its intention to
South Sudan’s President Salva Kiir has dismissed the undersecretary at the Ministry of Petroleum just a week after appointing him, in the latest shake-up in the country’s sensitive oil sector.The undersecretary is the highest-ranking official managing the ministry since Petr
Prices are being lifted as the US Senate takes a major step toward reopening the government.Oil pumping jacks at an oilfield near Sokolovka village, in the Udmurt Republic, Russia. Image: BloombergOil rose as wider markets were lifted by a push to end the US government sh
