Oil Production: NUPRC To Begin 2025 Licensing Round From December 1.
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...
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Oil Climbs for a second day on risk-on tone in wider markets
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 Republi...
India 'largely stopped' Russian oil purchase: Trump's fresh claim amid tariffs
Trump's latest claim on the future of the India-Russia energy ties comes in the backdrop of ongoing trade negotiations between New Delhi and Washington.Days after he clai...
Habib Kagimu to Entrepreneurs: Prepare for Uganda’s Oil Boom
Oil companies are like a nation — they need everything from everything. If you can set up shop near them, they will buy everything from you,” Kagimu explainedKAMPALA...
Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026.
ABU DHABI, United Arab Emirates (AP) — Abu Dhabi hosted a major oil summit Monday, hours after the OPEC+ group of the cartel and its allies said it would halt further p...
Crushed by punishing US sanctions, Russia’s Lukoil sells its international business.
Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sel...
Oil set for third monthly decline as strong dollar weighs
Singapore — Oil prices eased on Friday, heading for a third consecutive monthly decline, as a stronger dollar and weak China data capped gains while rising supply from...
Uganda’s Oil Reserves Rise to 6.65 Bn Barrels, says Nankabirwa.
The oil sector’s development — including two central processing facilities at Kingfisher and Tilenga — is expected to unlock billions in ancillary investment and ge...
Road to Uganda’s first oil: Kingfisher likely to be starting point
For the next nine months, activities in Uganda’s oil fields will be ramped up as the country targets to get its first barrel of oil to the market through a 1,443km pipe...
Why Uganda’s oil refinery remains behind schedule
An artistic impression of an oil refinery. Uganda hopes to complete construction of a 60,000 barrels/day refinery by 2030. COURTESY IMAGE/PETROLEUM AUTHORITY OF UGANDA.De...