The Bank of Uganda’s Petroleum Fund Management team, accompanied by senior management from operations and finance, conducted a tour of the Tilenga Project Area over the weekend. The visit, which was steered by a team from the Petroleum Authority of…
The Executive Director of the Petroleum Authority of Uganda (PAU), Mr. Ernest Rubondo, has been awarded the prestigious SPE Africa Regional Director Special Award for his exceptional contributions to the Society of Petroleum Engineers (SPE) and the advancement of the…
Proscovia Nabbanja, the Chief Executive Officer (CEO) of the Uganda National Oil Company (UNOC), has been recognised for her outstanding leadership and contributions to the energy sector. She has been awarded the African Woman in Energy Trailblazer Award at the…
Uganda’s aspirations to become an oil-producing nation have long been in the making. With the discovery of commercial oil reserves in the Albertine Graben nearly two decades ago, the country embarked on a journey towards energy self-sufficiency and economic independence.…
In a significant move, Union Investment, one of the world’s top 20 global investors, has decided to remove TotalEnergies from its sustainable investment funds. This decision follows serious allegations related to human rights abuses linked to TotalEnergies’ East African Crude…
The Kenya Commercial Bank (KCB) Uganda has taken a significant step in supporting the growth and resilience of Uganda’s energy industry by unveiling two new products specifically designed for the oil and gas sector. The products, launched during the KCB…
Key stakeholders from civil society, government, and the oil and gas sector have pledged to deepen cooperation and foster mutual understanding to advance best practices in business and human rights in Uganda’s extractive industry. The commitment was reaffirmed during the…
The Petroleum Authority of Uganda (PAU) is teaming up with Stanbic Bank, collaborating with the Stanbic Business Incubator (SBI) on several enterprise development initiatives, aimed at empowering Micro, Small, and Medium Enterprises (MSMEs) in the oil and gas sector. One…
Mr. Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda (PAU), has been honoured among the top five individuals making a Distinguished Individual Contribution to Africa’s energy industry at the prestigious 2025 Big Five Board Awards. This recognition,…
The construction of Uganda’s oil refinery is set to be a game-changer for the country’s economy, with a macro-economic study by Stanbic Bank revealing that it will add over US$3.3 billion (about Shs 12.53 trillion) to the country’s gross domestic…
Uganda is poised to harness its energy resources to drive economic growth and development. The upcoming Energy Convention, scheduled to take place from April 29th to 30th, 2025, at the Kampala Serena Hotel, will bring together stakeholders to discuss the…
Uganda’s discovery and development of oil resources in the Albertine Graben present a rare opportunity for economic transformation. The oil and gas sector has the potential to drive growth, invest in infrastructure, healthcare, education, and other vital sectors. However, this…
The oil and gas sector is playing a vital role in creating lasting value for communities in Uganda, driving economic growth and transforming lives. According to State Minister for Public Service, Hon. Grace Mary Mugasa, the sector’s impact is evident…
The Petroleum Authority of Uganda (PAU) today hosted a technical delegation from the Tanzania Petroleum Development Corporation on a benchmarking mission at the Authority’s headquarters in Kampala. This visit is a significant step in strengthening the oil and gas sectors…
The Ugandan government recently took a significant step towards commercializing its oil and gas sector by signing an implementation agreement with Alpha MBM Investments, a Dubai-based company, to construct a USD$4 billion (about Shs1.4 trillion) oil refinery. The production sharing…