N e w s

Kenyan Government turns focus toward ramping up oil and gas production

The opportunities lying in the oil and gas sector want to be utilized notes the Ministry of Petroleum and Mining, as Kenya looks to commercialize production of petroleum in 2021 with export already planned and scheduled for the year 2023. While only 10,000 square kilometers of its 85,000 square kilometers of oil and gas basin has been explored .i.e. only 12 %  found in the country has been revealed by the Kenyan government. If the reserves.... Read more »

Posted on : Thursday , 25th April 2019

Dangote Refinery, Nigeria to Stabilize World Oil Production - OPEC

OPEC is confident that the Dangote Oil Refinery will be serving to drive world crude oil refining capacity raise especially in Africa by 2020.   In the current edition of its World Oil Outlook (WOO), the Organisation said that the Dangote refinery, which is the first privately owned and functioned refinery in Nigeria, will refine 6,50,000 crude oil barrels per day at installed capacity. Currently, total world oil production in 2019.... Read more »

Posted on : Thursday , 25th April 2019

EA Oil Pipeline Project to be Arbitrated by London

Due to end months of haggling between the governments and oil companies, the UK will host arbitration talks in case of disputes arising out of the East African crude oil pipeline project. During a technocrats meeting held in Kampala in January, arbitration was one of the issues that were deferred Should any dispute arise, the arbitration will be done in London. Tanzania had said that it would host the arbitration, but the other partners.... Read more »

Posted on : Wednesday , 24th April 2019

THE OIL AND GAS MARKET IN TANZANIA DEVELOPING UNTAPPED RESOURCES

Tanzania has become one of the most promising East African hydrocarbons markets on the back of large gas discoveries off the country’s eastern coast. In 2014 when operations were launched at two onshore gas fields, Tanzania began producing natural gas. At Songo Songo and Mnazi Bay. In 2018 Tanzania produced 870 mcm (30.7 bcf) of natural gas, According to Eni’s World Oil & Gas Review, all of which was consumed domestically..... Read more »

Posted on : Friday , 12th April 2019

GREASING THE WHEELS OF KENYAS NASCENT OIL AND GAS SECTOR

Discovery of oil and gas reserves provides significant opportunities of development for Kenya and other countries. Being conscious that production and exploration and production carry quite a few health and environmental risks, The Kenyan government is keen to put in the necessary safeguards. Being the largest greenhouse gas emitters the Oil and Gas industry are one of the largest emitters particularly of methane, which is more harmful than.... Read more »

Posted on : Thursday , 4th April 2019

Triple oil production strategies in South Sudan

South Sudan's ambassador to Ethiopia and the African Union, James Morgan, voiced that with his country enjoying relative peace after almost five years of civil war, South Sudan has turned its sights on reviving its oil sector.    Despite the ongoing efforts to increase non-oil revenues, South Sudan depends on oil production to finance more than 90 percent of its fiscal expenditure.   Morgan informed Xinhua that with the.... Read more »

Posted on : Tuesday , 2nd April 2019

African oil imports sustained by China

Uncertainty over US waivers for investors of oil from Iran is commencing to grip the market again, under very different circumstances than when American sanctions were set to go into effect in 2018.   Before existing exemptions were granted, traders in Saudi Arabia were forecasting $100 oil, and Donald Trump was looking forward to a decrease in fuel rates ahead of US midterm elections. The waivers blindsided the market, which had assumed.... Read more »

Posted on : Tuesday , 26th March 2019

Tullow initiates a probe for Kenya Oil Investors

Tullow, a British oil exploration company has commenced an exploration in Kenya for small scaled crude petroleum exports. The first shipment is expected in the next three months.   Unnamed potential investors of the Turkana commodity has shown interest in the stocks.The initial market reactions have proven to be positive.   About 600 barrels are being transported per day by road to Mombasa, with volumes expected to increses to.... Read more »

Posted on : Monday , 25th March 2019

French oil firm Total along with Canadian Natural Resources Ltd announced discovery of a sizable amount of gas offshore South Africa

Gas discovery in the offshore Outeniqua Basin of South Africa has opened new hope of the consolidation of new mineral wealth in the country dependent on gold and diamond minerals. French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have declared discovery of a sizable amount of gas offshore South Africa. Total declared a significant gas condensate discovery on the Brulpadda prospects, located.... Read more »

Posted on : Thursday , 7th March 2019

Oman Oil Marketing Company to expand its operations in Saudi Arabia and Tanzania

In 2018, OOMCO came up with its first mega station in Dammam, Saudi Arabia. The 40,000 square meter facility includes cafes, rest areas and five-star automated car washes. Oman Oil Marketing Company (OOMCO) has declared a plan to extend its operations in Saudi Arabia and Tanzania. The company plans to have four fully operational service stations in Saudi Arabia this year, its second site in the kingdom is scheduled to open by April and two.... Read more »

Posted on : Monday , 18th February 2019

Irish oil & gas explorer Aminex to boost up its work in Tanzania

Irish oil & gas explorer Aminex has raised £1.85m (€2m) in share capital to boost up its work in Tanzania. The company provided 127,226,781 ordinary new shares at a placing price of Stg 1.45p per share. Funds raised by the group will be used to speed up development over its Kiliwani development in Tanzania, as it takes advantage of debilitated market conditions in the service industry there. The net proceeds of the.... Read more »

Posted on : Friday , 15th February 2019

Uganda-Tanzania to settle 'the joint pipeline project from Hoima to Tanga'

Uganda and Tanzania signed an agreement in May 2017 to together develop the $3.5 billion pipeline that has been represented as the longest electrically heated crude oil pipeline in the world. The National Project Co-ordinator for Tanzania from the Ministry of Energy, Salum Mnuna, hopes the five-day ministerial meeting — beginning on Jan 21 — can settle the way to operate, execute and supervise the project given the various laws.... Read more »

Posted on : Monday , 21st January 2019



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