The International Monetary Fund (IMF) forecasts a transformative phase for Uganda’s economy with the initiation of oil production in 2025. Economic growth is expected to surge, with Uganda’s Gross Domestic Product (GDP) projected to soar to 10.8% in the 2025/2026 fiscal year, significantly up from the previously estimated 6.2%. This remarkable growth will be fueled […]

The Tilenga Project, operated by TotalEnergies (56.67%) in partnership with CNOOC (28.33%) and UNOC (15%), aims to produce up to 230,000 barrels of oil per day at peak production. Over a span of at least 20 years, the Tilenga and Kingfisher oil fields are expected to yield approximately 1.4 billion barrels of crude oil. The

SME’s owners should endeavor to protect peoples’ assets and environment, manage risks but not mitigate them. Find details: https://parrotsug.com/smes-in-oil-and-gas-sector-trained-to-observe-health-safety-and-environment-standards/

French energy giant TotalEnergies has announced the expansion of its renewables portfolio with new deals in Africa. The energy company bought 100% of SN Power, a subsidiary of Norwegian renewable energy company Scatec, the company said in a statement on July 30. SN Power, in partnership with Norfund and British International Investment (BII), holds a

Uganda is exploring for oil in two new regions where potential discoveries of crude could increase the country’s proven reserves of 6.5 billion barrels, its Energy minister said on Wednesday. Commercial quantities of crude oil were discovered in the Albertine Graben basin in Uganda’s west near the border with the Democratic Republic of Congo (DRC)

The Industry Enhancement Centre (IEC) is at the forefront of empowering Small and Medium-sized Enterprises (SMEs) in Uganda’s Oil and Gas sector. Earlier today, we had a courtesy visit from Samantha Muhwezi Kassami, the Chief Operating Officer at UNOC, accompanied by the National Content Lead, Rosette Komugisha, and National Content Supervisor, Peter Ssempebwa, both from

On July 25, 2024, the Industry Enhancement Centre (IEC) in Kololo hosted a significant Oil and Gas Business to Business Networking Event. This event marked a pivotal moment for Uganda’s oil and gas industry, bringing together key stakeholders, industry experts, and business leaders to discuss and strategize on enhancing the sector’s growth and sustainability. The

The IEC targets to provide training to 900 SME’s over the next 3 years to enable them participate in the Oil & Gas industry . Mugerwa noted that the worskshops will enhance skills, foster collaboration and drive innovation within the industry, positioning Ugandans for long term success and sustainability in the evolving Oil and Gas

The Industry Enhancement Centre (IEC) hosted today’s closing ceremony for the TASC Integrated Management System (IMS) Project. The ceremony was a momentous occasion for the participating companies, marking the completion of their certification journey. Christine Senteza, Project Delivery Manager at the IEC, delivered the opening remarks. She welcomed the attendees and provided a brief overview

The Industry Enhancement Centre (IEC) is a groundbreakingindustry-led initiative that has been established to prioritize andsupport Ugandan businesses, enabling them to seize opportunitiesand thrive in the competitive market. The primary goal is to ensurethat small and medium-sized enterprises (SMEs) in Uganda areequipped to actively participate in the Oil and Gas sector. This willbe implemented through