“Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”   Broker Shore Capital calculated that on a revised view of the Ruvuma project in Tanzania, which includes Ntorya, the shares are worth 6p/share against a 4p per share valuation previously.   It notes the shares have retreated from 7p since April but sees this as overdone.    Concerns over the flow rate at.... Read more »

Posted on : Tuesday , 18th July 2017

 A group of daring local business operators have taken on the mantle to lead in the promotion of the local content in the oil and gas industry through promotion of job and business opportunities for nationals and local businesses in the sector.   They teamed up to form an Association of Tanzania Oil and Gas Service Providers (ATOGS) that will lobby for and promote the participation of indig enous Tanzanian individuals and bodies.... Read more »

Posted on : Tuesday , 18th July 2017

 Local content has lately become very topical for African countries that have discovered oil and gas resources in discussions on how best these countries will manage their petroleum resources in a sustainable manner for the benefits of its people.   It has become a very important issue as people are expecting their governments to enable them capture the commanding heights of the economy and thus assist to keep its wealth within its.... Read more »

Posted on : Tuesday , 18th July 2017

 The Norwegian government has pledged to give Tanzania a grant of $10.5 million (Sh22.05 billion) aimed at boosting the country's domestic revenues in the next three years.   Norway Foreign minister Borge Brende revealed this on Friday when he met with Tanzania's Finance and Planning minister, Dr Philip Mango.   He said, he was impressed by President John Magufuli's efforts towards ending corruption and raising domestic.... Read more »

Posted on : Tuesday , 18th July 2017

  Norwegian Foreign minister Borge Brende has said that it's still premature for Tanzania to celebrate its gas resource benefits despite the potentials available.   Mr Brende who ended his two-day visit in Tanzania at the weekend said completion of the liquefied natural gas (LNG) project is going to improve foreign direct investment (FDIs) to the country but he noted that this would take a lot of work and great.... Read more »

Posted on : Tuesday , 18th July 2017

 Her Excellency Samia Suluhu Hassan, Vice President of the United Republic of Tanzania has formally announced her support and participation in the upcoming Tanzania Oil & Gas Congress (CWCTOG.com), organised by the CWC Group (www.TheCWCGroup.com).   The Congress will gather senior representatives from the Tanzanian oil and gas industry including Governments, international oil companies, indigenous producers, international and.... Read more »

Posted on : Tuesday , 18th July 2017

 Tanzania wants to develop its liquified natural gas (LNG) sector and a delegation from that country recently visited the National Gas Company (NGC) Limited for talks. The group expressed interest in promoting NGC, T&T’s service sector and academic institutions, if value could be created in Tanzania’s critical stages of development.   “Th Government Negotiating Team of Tanzania’s (GNT) visit centred around.... Read more »

Posted on : Tuesday , 18th July 2017

 The government of Norway will give Tanzania a grant of $10.5 million as budget support to boost the countries revenue over the next three years.Norway Foreign Minister Borge Brende announced this on Saturday in Dar es Salaam, when he met with Tanzanian Finance and Planning Minister Philip Mpango.   Norway was impressed by President John Magufuli’s drive to end corruption and increase domestic revenues, Brende.... Read more »

Posted on : Tuesday , 18th July 2017

 Vice President of the Tanzania Samia Suluhu Hassan will meet investors in the upcoming Tanzania Oil & Gas Congress in September.   In a formal announcement, Hassan extended his support and participation in the upcoming event which will be organised by the CWC Group.    The Congress will gather senior representatives from the Tanzanian oil and gas industry including Governments, international oil companies, indigenous.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania’s upstream oil and gas sector is currently enjoying a boom following major discoveries of natural gas by Statoil, Ophir Energy and BG Group. These discoveries mean that in 2016 Tanzania’s total estimated natural gas reserves quadrupled from 10 trillion to 40 trillion cubic feet. This upward trend has been welcomed by the best global Oil and Gas players, as they ready themselves for the return of Africa’s premier and.... Read more »

Posted on : Tuesday , 13th June 2017

Most of liquefied petroleum gas (LPG) consumers in the country are likely to be purchasing half-filled cylinders due to illegal gas refilling by dishonest traders.   The government regulatory authorities and some dealers have confirmed to the Daily News that the problem was rampant in some areas in the country and that they are doing everything in their capacity to resolve it. As a result, such acts have since prompted the government of.... Read more »

Posted on : Saturday , 29th April 2017

Dar es Salaam — The Controller and Auditor General (CAG) has cautioned the government that the country is facing several risks of losing substantial revenue from the huge discoveries of natural gas unless measures are taken to plug loopholes.   According to a recent report by CAG Mussa Assad, the natural gas bonanza cannot build a strong economy to lift many Tanzanians from poverty unless several measures are taken on managing the.... Read more »

Posted on : Thursday , 27th April 2017