N e w s

Tanzania and Oman Sign Pact on Ports Master Plan Development

On Thursday, Tanzania's Zanzibar and the Oman Investment Authority signed a Memorandum of Understanding aimed at implementing a master port development plan along the Indian Ocean coast.In a statement issued by the Zanzibar State House, President Hussein Mwinyi of Tanzania and a high-ranking delegation from the government of Oman announced the signing of the agreement.The contract was signed by Tanzania's Permanent Secretary to the Ministry of.... Read more »

Posted on : Wednesday , 24th February 2021

Sub-Saharan Africa Could Green-Light 74 Mil Mt/Year LNG Capacity By 2030

Sub-Saharan Africa could approve an additional 74 million mt/year of LNG export capacity by 2030 if market conditions permit, the African Coalition for Trade and Investment in Natural Gas said in a report published on February 9.In addition to a total of 60 million mt/year of export capacity the region is expected to have by 2025, ACTING—launched on 3 February by the African Energy Chamber and investment research firm Hawilti—said in its.... Read more »

Posted on : Thursday , 18th February 2021

Eni Examines Mombasa Refinery Conversion

Eni and Kenya have held discussions on several potential green plans in the East African country, including the conversion of the Mombasa refinery.Kenyan President Uhuru Kenyatta met with Italian CEO Claudio Descalzi last week. They talked about various green initiatives with the aim of providing communities with "efficient and sustainable" access to energy.The two sides discussed a multi-year plan for the collection of waste and agricultural.... Read more »

Posted on : Tuesday , 12th January 2021

Tanzania to Resume Oil & Gas Negotiations in 2021

The Tanzania Petroleum Development Corporation (TPDC) is optimistic that the Host Government Agreement (HGA) negotiations between the government and International Oil and Gas Companies on the liquefied natural gas will resume in January 2021.This is after they stalled for about a year after the decision of the Government to review the Production Sharing Agreements (PSAs). According to reports, Tanzania is seeking to scrap sections of the.... Read more »

Posted on : Monday , 11th January 2021

Tullow Sets Sights on Renewables to Power Delayed Kenya Oil Project

London-listed Tullow Oil is considering plans to provide back-up power from offshore wind and geothermal assets in Kenya to support its challenging South Lokichar oil project in the East African region.The Anglo-Irish operator, along with its partners Total and Africa Crude, is revisiting the original South Lokichar exploration scheme to minimise costs and intends to send a fresh development plan to the Government of Kenya by the end of next.... Read more »

Posted on : Monday , 16th November 2020

African Countries Agree to Strengthen Cooperation on Geothermal Production

More than 500 experts, governments, civil society, academia and private sector representatives from Africa and other regions have agreed on the agenda for regional cooperation and accelerated geothermal growth in Africa, as concluded by the Eighth African Rift Geothermal Conference (ARGEO C8) on 6 November.Participants acknowledged the need for capacity development for geothermal practitioners to ensure the successful development of these.... Read more »

Posted on : Monday , 16th November 2020

UK’s Aminex Company Announces Successful Completion of Ruvuma Farm- Tanzania

Upstream oil and gas company Aminex, has declared completion of the Ruvuma farm-out through its entire subsidiary, Ndovu Resources, transferring 50% interest in, and operatorship of the Ruvuma PSA to ARA Petroleum Tanzania Limited.Over the past 12 months, the company has borrowed $3 million from ARA Petroleum which has now been compensated to ARA by means of US$5 million cash consideration payable to the company on completion of the farm-out.The.... Read more »

Posted on : Tuesday , 27th October 2020

South Sudanese Oil Firm Introduces $10m Investments in Kenya

South Sudanese oil marketing giant Trinity Energy Ltd is set to inject $10 million worth of new investments in its Kenyan operations and also plans to build a $500 million crude oil refinery in South Sudan to aid the region with refined petroleum products.The firm, which controls close to 40% of the South Sudanese oil market, is studying 40,000 barrels per day (bpd) modular refinery at Paloch in the oil-rich Upper Nile State, with the potential.... Read more »

Posted on : Friday , 23rd October 2020

Tanzania-Uganda Pipeline Attains Major Breakthrough of $3.5bn

Tanga-Hoima Pipeline All set now for the kickoff, with Tanzania looking to March 2021 for the initiate the construction of the $3.5 billion project.Confirmed after the agreement between French oil company Total and the Ugandan government over differences which forced the project to stall since 2018.An initial plan for Tanzania and Uganda to have first oil flow in 2020 through the Uganda-Tanzania Crude Oil Pipe Line (UTCOP) was postponed after.... Read more »

Posted on : Thursday , 1st October 2020

Africa Is No Doubt Final Frontier For Oil

The pandemic has been very devastating for the oil industry globally. Explorers suspended drilling, producers, idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it.  Exploration is not over. It is especially not dead in Africa—a hot spot in oil and gas before the pandemic.Earlier this month, French Total and the Uganda.... Read more »

Posted on : Monday , 28th September 2020

Kenyans to Wait More for Oil Billions Until 2025

Kenyans will have to wait until after 2025 for petrodollars from Turkana oil fields to start trickling in after the government lengthened the exploration timeline for Tullow.The British oil explorer said it had allowed another 15 months for exploration phase of the Turkana oil project, essentially pushing ahead production timelines and extending the long-awaited final investment decision.Tullow in a statement following its half year results to.... Read more »

Posted on : Friday , 11th September 2020

Tanzanian Assets Explore Options Continued by Solo Oil

Solo Oil PLC chief executive Tom Reynolds told shareholders in the company’s full-year results statement that they will be prioritized as oil and gas junior explores its options for its portfolio in Tanzania.His comment comes after the group's relaunch under the new name of Scirocco Energy PLC and its positioning towards the European energy market. The said name change will be voted on at an AGM on September 25."During an exceptional time for.... Read more »

Posted on : Wednesday , 9th September 2020



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