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Tuesday November 24, 2009
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Uganda Oil & Gas News is an EIN News Service for energy industry professionals. Constantly updated news and information about Uganda Energy.
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Latest Uganda Oil & Gas News

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  • Ugandan oil deals 'serve foreign firms' 24 Nov 2009 05:10 GMT
    ... KAMPALA — Foreign oil explorers including the UK’s Tallow Oil would reap ... Tallow Oil would reap “excessive” profit in Uganda, an advocacy group said yesterday , amid ... few years after explorers found commercially viable reserves of billions of barrels in the country’s ...

  • Govt Yet to Okay Sale of Oil Wells to Italian Firm 24 Nov 2009 06:10 GMT
    ... has not yet approved the sale of Ugandan oil fields to an Italian company, a senior ... said. Ernest Rubondo, the commissioner in the petroleum exploration and production department, said any transaction ...

  • Oil Deals Must Be Transparent [editorial] 24 Nov 2009 10:50 GMT
    ... It's now official. The oil find in blocks 1 and 3A in the Albertine ... of transaction terms and conditions by the Uganda government. Superficially, this pops up as a ... has a rich profile in oil and gas, electricity generation and sale, petrochemicals, oilfield services ...

  • Heritage Oil backs out of talks with Genel 24 Nov 2009 00:10 GMT
    ... Heritage Oil backs out of talks with Genel Published: November ... wake of its agreement to sell its Ugandan oil fields to worth $1.35bn in cash for the ...

  • HeritageOil to sell Ugandan fields to Italy's Eni 24 Nov 2009 04:35 GMT
    ... LONDON (AP) - British oil exploration company Heritage Oil PLC said Monday it ... agreed to sell its stakes in two Ugandan fields to Italy's Eni SpA for up ... cash or an interest in a producing oil field. Eni said the acquisition was part of ...

  • Heritage Oil to sell Ugandan fields to Italy's Eni 24 Nov 2009 04:34 GMT
    ... British oil exploration company Heritage Oil PLC said Monday it ... agreed to sell its stakes in two Ugandan fields to Italy's Eni SpA for up ... cash or an interest in a producing oil field. Eni said the acquisition was part of ...

  • Urgent need for cash behind Heritage sale 24 Nov 2009 10:54 GMT
    ... Urgent need for cash behind Heritage sale Kampala Heritage Oil and Gas Company is apparently offering its business stakes in Uganda to Italian energy giant Eni S.p.A because it lacks sufficient financing to construct oil ...

  • Heritage sells fields to Eni, ends Genel Energy talks 24 Nov 2009 01:35 GMT
    ... the deal made strategic sense, as the Ugandan fields are about to enter a complex ... would be better managed by a big oil company. However, the price was below most analysts’ ... in the DJ Stoxx European oil and gas sector index .SXEP. Eni shares rose 1.4 ...

  • New partner for Tullow after Heritage sale 24 Nov 2009 06:14 GMT
    ... TULLOW Oil has a new partner in 's decision to sell its Ugandan interests to 's Eni for up to ... end of Lake Albert, bring estimated recoverable reserves of 300 million barrels of oil, although ...

  • Heritage calls off $6bn Genel Enerji merger 24 Nov 2009 03:41 GMT
    ... Last updated: November 24 2009 02:00 Heritage Oil, the UK independent oil company, has called off its ... wake of its agreement to sell its Ugandan oil fields to Eni, the Italian energy group. The ...

  • European Markets Seen Opening Lower 24 Nov 2009 07:51 GMT
    ... November monetary policy meeting of the Federal Reserve later in the day. After a bright ... to profit taking following recent gains. Crude oil prices hovered mostly unchanged below $78 a barrel ... years. Italy's Eni SpA agreed to buy Ugandan oil assets from British oil exploration company ...

  • Public Deals Should Be More Transparent 24 Nov 2009 08:57 GMT
    ... Kampala — British oil explorer Heritage has sold its fields in Uganda to Italian oil giant Eni SPA for ... in the trading company Central Energy Italian Gas Holding belonged to Bruno Mentasti-Grinelli, who happened ...

  • Public Deals Should Be More Transparent [editorial] 24 Nov 2009 12:30 GMT
    ... Kampala — British oil explorer Heritage has sold its fields in Uganda to Italian oil giant Eni SPA for ... in the trading company Central Energy Italian Gas Holding belonged to Bruno Mentasti-Grinelli, who happened ...

  • Wildcatters need to keep making strikes 24 Nov 2009 00:10 GMT
    ... (£813m) deal to buy Heritage’s stake in Uganda will certainly change the fortunes of Heritage, ... a knock-on effect on Tullow, the bigger oil operator in the east African country. are so-called ... out for several reasons: Eni found Heritage’s reserves more appealing for the price; Heritage was ...

  • East Africa's Resources Pull Investors 24 Nov 2009 10:53 GMT
    ... natural resources struck deals in Tanzania and Uganda to exploit gold and oil respectively. A $3 million joint venture deal between ... only hand tools. Analysts estimate Tanzania holds reserves of more than 1,000 tonnes, making the ...


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