JOHANNESBURG, South Africa, Some charter flights with oil industry personnel and medical equipment’s have been allowed to land a few oil-producing countries like Nigeria, Angola, Equatorial Guinea and others lately, allowing a much-needed rotation of oil sector workers. The African Energy Chamber (www.EnergyChamber.org) believes that such charter flight operations led by international oil companies such
Read moreTag: Oil & Gas
East Africa’s Oil Industry: A new story in the making
NAIROBI, Kenya The recent acquisition by Total of Tullow Oil’s entire interests in the Lake Albert Development Project in Uganda, including the East African Crude Oil Pipeline, marks the beginning of a new chapter for East Africa’s energy industry. To dissect the deal and discuss its wider implications for the region, the African Energy Chamber
Read moreHow Africa’s Oil & Gas Industry can bounce back from COVID-19 Oil price war
JOHANNESBURG, South Africa, The double crisis of the COVID-19 pandemic and the collapse in oil prices is taking a toll on African economies and the African energy industry. An unstable and precarious oil prices environment has resulted in substantial cuts in state budgets and public spending, in losses of contracts and hundreds of thousands of
Read moreUganda underlines its intention to become major oil and gas player
NAIROBI, Kenya, President Museveni, Tullow Oil and Total’s CEOs could not have chosen a better time to announce their agreement to resolve a long-standing capital gains tax dispute that had earlier prevented Tullow Oil from farming out its Lake Albert licenses to Total. Oil junior Tullow Oil announced that it has agreed the sale of
Read more