N e w s

Vice President of Tanzania to meet gas, oil investors

 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

03rd Oil & Gas Tanzania 2017 - Meet and do business with leading giants in the Oil & Gas industry

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

East Africa: Kenya Bans Onland LGP Imports from Tanzania

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

Tanzania: Plug Loopholes or Lose Revenue from Gas Discoveries - CAG

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

Nigeria reclaims position as Africa’s top oil producer

Nigeria may have reclaimed its position as Africa’s top oil producer beating Angola. Angola had led the African oil producing countries with its 1.7 million barrels of crude oil a day, well above Nigeria’s 1.5 million barrels per day, in September 2016, for seven straight months. According to the December 2016 Monthly oil Market report (MOMR) of the OPEC, crude oil production from Nigeria went a notch above that of Angola even.... Read more »

Posted on : Saturday , 22nd April 2017

Tanzania: EWURA Announces Drop in Petrol Prices

MOTORISTS in Tanzania will pay 3/- less for a litre of petrol effective today while pump prices for diesel and kerosene have increased by 12/- and 7/-, respectively, for the same quantity, according to monthly indicative prices announced by the industry regulator, yesterday.   The Energy and Water Utilities Regulatory Authority (EWURA) attributed the changes to variations in prices of petroleum products in the world market, changes in.... Read more »

Posted on : Thursday , 6th April 2017

Pipeline Issues Testing East Africa's Massive Oil Ambitions

JOHANNESBURG: A decade after its first big oil find, East Africa’s emergence as a crude exporter has been hindered by security and cost concerns that left the region building two pipelines instead of one. Uganda and Kenya are developing two new basins and originally agreed to build one line to connect the landlocked discoveries to the coast. That changed last year, when Uganda chose a more southerly 1,400-kilometre route through Tanzania,.... Read more »

Posted on : Monday , 27th March 2017

Kenya: All Oil & Gas Contracts Signed By Government Should be Made Public - Civil Society

Nairobi — The Kenya Civil Society Platform on Oil and Gas wants all the oil contracts signed between government and oil exploration companies made public since the discovery of oil in Kenya.   Led by Charles Wanguhu, the platform says at least 44 contracts have been signed for drilling in different oil blocks in Turkana but only 10 have been made public.   Wanguhu says putting the contracts in the public domain will assist in.... Read more »

Posted on : Thursday , 23rd March 2017

Tanzania: Prices of Petrol, Diesel Skyrocket, Kerosene Remains Same

Vehicle owners will now pay more on every litre of petrol they purchase as the petroleum regulator raises prices for the products in response to a depreciating local currency and increasing global prices.   The Energy and Water Utilities Regulatory Authority (Ewura) in its monthly pricing formula released on Wednesday reveals that Motorists will have to pay Sh101.54 more per every litre of Petrol in March. Diesel users will also pay.... Read more »

Posted on : Tuesday , 7th March 2017

East Africa: Tanzanian Energy Firm to Take Over Kenya Oil Unit

Nairobi — Tanzania's energy firm Lake Oil is set to acquire the petroleum retail business of Hashi Energy in Kenya.   The acquisition will add to Lake Oil's existing gas distribution business in Kenya.   "It is notified for general information that the Competition Authority of Kenya has authorised the proposed acquisition of the retail petroleum business of Hashi Energy Limited by Lake Oil Limited," the regulator.... Read more »

Posted on : Friday , 24th February 2017

Kenya: Global Oil Refiners Show Interest in Kenyan Crude Samples

Kenya has delivered crude samples from oil wells in Turkana to Asian and European refiners to assess the market before a pilot export scheme starts this June.   The government said the samples from the South Lokichar basin in northwestern Kenya were low in sulphur content, making the oil easier to refine.   "European and Asian refineries have been receptive to our oil since it has low sulphur content. I cannot disclose the.... Read more »

Posted on : Monday , 20th February 2017

Kenya: Fuel Prices Go Up; Petrol Hits Sh100 Per Litre in Nairobi

The energy regulator has signalled more pain at the pump as it announced that petrol is up by Sh4.26 a litre to Sh100.27 in Nairobi in its latest review.   Diesel is also up Sh5.03 a litre to Sh89.26 while kerosene is up Sh3.75 to Sh67.19 a litre, the Energy Regulatory Authority (ERC) said Tuesday while citing a 20 per cent global increase in crude prices when the cargo was procured in December.   "In comparison with last.... Read more »

Posted on : Wednesday , 15th February 2017



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