FID
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Energy & Mining
Shell posts US $ 11.5bln profit, to invest more in renewable energy
KAMPALA– Shell has posted record results in the second quarter 2022, with a US $11.5 billion profit eclipsing the mark it set only three months ago, lifted by strong gas trading and…
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Energy & Mining
Albertine Graben oil projects: 56 PAPs receive modern houses
KIKUUBE– At least 56 project-affected persons [ PAPs ] in Buhuka Parish in Kyngwali Sub-county, Kikuube district have received modern houses after they relocated from the land earmarked for oil activities in…
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News
Govt to ready EACOP license in three months after receipt of application
KAMPALA– The East African Crude Oil Pipeline Company [ EACOP ] Limited, the firm spearheading the development of Uganda’s crude oil export pipeline, has presented its application to government for a construction…
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News
Bitature accepts USD10mln loan, says negotiations with Vantage ongoing well
KAMPALA– Kampala businessman, Patrick Bitature has finally accepted that he indeed borrowed US$ 10 million from Vantage Mezzanine Fund in December 2014 and is willing to pay, as negotiations, including arbitration, as agreed…
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