N e w s

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

Regular shipping line for the transport of goods between the port of Zarzis and the Italian port of Marina di Carrara

The new maritime link could be a continuation of the expertise of normal services between the Italian ports of dock di Carrara and Cagliari, on the one hand, and therefore the ports of Susah, Zarzis and Safaqis, that carry over two hundred thousand tonnes of products. A regular shipping line for the transport of products between the port of Zarzis and therefore the Italian port of dock di Carrara are launched on 24th January this.... Read more »

Posted on : Thursday , 17th January 2019

Swala Oil & Gas (Tanzania) plc received an initial investment of US$30 million from Energy Tanzania Limited (ETL)

Energy Tanzania Limited (ETL) is owned by Dr. Reginald Mengi, the well-known Tanzanian entrepreneur and philanthropist. It has been announced by Swala Oil & Gas (Tanzania) plc that they have entered into an ultimate agreement for an initial investment of US$30 from Energy Tanzania Limited. The funds will be utilised to develop the Company’s current projects. The investment, which is observed to close in two tranches,.... Read more »

Posted on : Wednesday , 9th January 2019

Ethiopia, Eritrean leaders reopened the Oumhajir-Humera border crossing for trade and transport

The Oumhajir-Humera border crossing was reopened by Ethiopia’s Prime Minister Abiy Ahmed and Eritrean President Isaias Afwerki as this border crossing connects the two countries for trade and transport. Eritrea’s Afwerki and Ethiopia’s Ahmed, escorted with senior officials of the two East African countries, on Monday and witnessed the official reopening of the border crossing. According to Eritrea’s Minister of.... Read more »

Posted on : Wednesday , 9th January 2019

New Kenya Upstream Outlook Shows Increased Activity By New Players in 2019

The just newly released Kenya Upstream Outlook for the year 2019 shows that most of the new seismic and drilling activity will be by new explorers with the Lamu basin just like in 2018 witnessing most of the drilling. According to a review on work programmes by the various licensed explorers in Kenya OilNews Kenya estimates that the Lamu basin could see up to five wells drilled by among them: Octant Energy, Zarara Oil and Gas, Eni and Shell..... Read more »

Posted on : Friday , 4th January 2019

Tanzania to come up with HydroPower plant

It has been announced that the hydropower plant preparations at Stiegler's Gorge in Tanzania are underway. This hydropower plant preparations are proposed for 2,100MW Rufiji hydropower plant.   This preparations will benefit the country as the project will have a gross output of 5,920GWh and also it is expected that the project will double the country's power generation capacity. This project is nearly of $307 million.   Mr. Medard.... Read more »

Posted on : Tuesday , 27th November 2018

Investment and Infrastructure development in EA OIL & GAS

The Head of East Africa oil & gas sector at Standard Bank, Mr. Maina Kigundu, said that "Foreign exchange burden of importing and distributing the refined oil and gas products will maintain balance of payment challenges while liberating much needed foreign exchange for more strategic human development." He also mentioned that there is an increase in foreign exchange that is required to meet the regions expanding need for oil and.... Read more »

Posted on : Saturday , 24th November 2018

Tanzania Uganda mega project to drives growth

The construction of the 1,403-kilometre pipeline to transport crude oil from Hoima in Uganda to Tanga Port in Tanzania is expected to be completed by June 2020.  Tanzania’s President John Pombe Magufuli wants investors, the governments of Uganda and Tanzania to expedite the construction of the East African Crude Oil Pipeline (EACOP). The President said that the pipeline should be constructed in the shortest time possible instead of.... Read more »

Posted on : Friday , 12th October 2018

Uganda and Tanzania Sign Gas Deal

 Uganda and Tanzania have signed an agreement for the construction of a natural gas pipeline.   The deal was signed at the end of a three-day Joint Permanent Commission Summit held in Kampala, led by Uganda's Minister for Energy Irene Muloni and Tanzania's Foreign Minister Augustine Mahiga.   The summit was preceded by a series of meetings that involved permanent secretaries and other senior officials.   The deal was a.... Read more »

Posted on : Monday , 27th August 2018

Tullow Oil to Resume Turkana Oil Operations

 Tullow Oil, British Oil Company will continue its oil and gas development activities in Turkana County, the Government has said.   A statement from the Ministry of Petroleum and Mining reveals that the government has reached an agreement with the company, and such includes addressing the grievances that stalled the transportation of the commodity to the coast.    It reads: “The Government has resolved to establish.... Read more »

Posted on : Wednesday , 8th August 2018

US $175bn Gas Project to Benefit Tanzania

 The US-led initiative to invest in gas-powered power plants in Africa will benefit Tanzania a lot.    Through the Roadmap, US companies will invest $175 billion in gas power projects in eight other African countries excluding Tanzania, namely Côte d’Ivoire, Kenya, Ghana, Senegal, Nigeria, Angola, Mozambique and South Africa.    The initiative is in its preliminary stages and it is not yet known which.... Read more »

Posted on : Saturday , 28th July 2018



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