Industry news
July 18, 2023 by obiaw | Leave a Comment
The government has introduced incentives including zero-equipment, machinery, and tax holidays to lessen costs and attract investors into the largely unexplored multibillion-dollar sector. The Minister for Energy and Mineral Development Hon. Ruth Nankabirwa Sentamu said this while updating the press about the developments in the mineral sector on February 21. Even though Uganda has vast […]
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China National Offshore Oil Corporation (CNOOC)’s drilling launch was not only ceremonial, within two weeks the company accomplished drilling three wells and moving forward. On the other hand, civil works are ongoing at the TotalEnergies Tienga project. CNOOC is the operator of the $ 2 billion King Fisher Development Area. Its rig LR 8001 was […]
A French Court decision on February 28th, 2023, left both sides to the case harboring emotions in equal measures- the defendant, TotalEnergies was jubilating, while the plaintiff, six non-governmental organizations was mourning over the dismissal of the landmark case. After protracted legal battles, the Court dismissed the case against TotalEnergies because it was “inadmissible” on […]
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