N e w s

National Oil acting chief executive confirmed

 The National Oil Corporation of Kenya has confirmed interim boss Mary Jane Mwangi as chief executive after acting for a year.   The State-owned firm said Ms Mwangi was ranked top in the interview and will now head the firm for three years effective August 1.   “She is expected to drive change, lead and build a competitive fully integrated oil and gas firm,” said Samuel Gakunga, acting chairman at Nock.   Ms.... Read more »

Posted on : Friday , 11th August 2017

President Uhuru launches construction of Sh1.7b Kisumu oil jetty

 President Uhuru Kenyatta Wednesday launched the construction of the Sh1.7 billion Kisumu oil jetty whose completion in October is expected to help Kenya recapture the regional fuel market share lost to Tanzania. The jetty whose construction began in April is 15 per cent complete and is expected to boost throughput in Kisumu by 1 billion litres a year in phase 1 and up to 3 billion litres per year by 2028. It will improve the reliability.... Read more »

Posted on : Friday , 11th August 2017

Dutch oil marketer Lexo Energy launches in Nairobi

 A Netherlands-based company has launched operations in Kenya, making Nairobi its second African destination.   Lexo Energy, the latest oil marketer to join the Kenyan market, is backed by a multi-billion-shillings war chest with which it plans to open up to 25 new petrol stations this year.   The entry bucks a recent trend in which Western multinationals have been exiting Kenya’s (and Africa) petroleum retail market to.... Read more »

Posted on : Friday , 11th August 2017

Total Kenya parent firm's profits surge as oil prices rise

 French oil company Total said Thursday underlying profits gushed higher in the second quarter thanks to a recovery in the price of oil, with the company also benefitting from increased output.   The firm's measure of adjusted profits that excludes exceptional items climbed 14 per cent from the same period last year to $2.5 billion (about Sh260 billion).   That beat the consensus forecast of analysts surveyed by financial data.... Read more »

Posted on : Friday , 11th August 2017

Aminex will go deeper to maximise potential at Ruvuma in Tanzania

 “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

Tanzania: Dar Traders Aim High Oil & Gas Sector

 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

Tanzania: Gas, Oil Service Providers Need Our Collective Support

 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

Tanzania: Norway Gives TZ Sh22 Billion in Grants

 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

Tanzania: Norwegian Minister Counsels Tanzania

  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

Tanzania: VP Samia Suluhu to participate in Oil and Gas Congress

 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 explores LNG prospects with NGC

 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

Norway to give Tanzania $10.5m grant as budget support

 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



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Complete List  

Advertisers in previous issue:

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  • VALSER Oil & Gas Limited was created to service the oil & gas, petrochemical, refining and power industries in East Africa
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