Global oil supply squeeze deepens as markets fluctuate amid Strait of Hormuz disruption, IMF warns of mounting risks
Global energy markets are under renewed strain after the International Monetary Fund (IMF), alongside the International Energy Agency (IEA), World Bank Group and World Trade Organization (WTO), warned that oil inventories are being depleted at a record pace following major supply disruptions linked to the Strait of Hormuz. In a
Uganda Signs Shs 14.6 trillion Oil Refinery Deal with Alpha MBM Investments
In a significant move to strengthen its emerging hydrocarbons industry, the Ugandan government has signed an oil refinery implementation agreement with Alpha MBM Investments LLC to develop a $4 billion (Shs 14.6 trillion) oil refinery. President Yoweri Museveni confirmed the agreement, stating that the refinery will be constructed in Hoima
Oil & Gas: Worker Killed by Falling Steel at Central Processing Facility in Buliisa
As Uganda prepares to produce its first oil this year, a tragic workplace accident has occurred at the Central Processing Facility (CPF) in Kasinyi Village, Ngwedo Sub County, Buliisa District. Maxwell Atuganyira, 30, an employee of Steadfast Crane Services—a subcontractor under Essar Crane Services Company—was fatally injured on Tuesday afternoon
