N e w s

Tanzania: Oil & Gas Firms Reject Local Content Obligations

Differences between Tanzania and oil companies over local content obligations contained in Petroleum Act 2015 have resurfaced with the government collecting stakeholders' views in efforts to enforce regulations.   The companies through their organisation, Oil and Gas Association of Tanzania (Ogat) last week told the Energy and Water Utilities Regulatory Authority (Ewura) that they are uncomfortable with the local content requirement in.... Read more »

Posted on : Wednesday , 8th February 2017

Expogroup Wins Big at the Tanzania Leadership Awards 2016

  On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees.   Expogroup, a pioneer in the trade show.... Read more »

Posted on : Friday , 3rd February 2017

Tanzania: Oil & Gas Firms Drill Two New Offshore Wells

Royal Dutch Shell Plc jointly with Pavilion Energy Pte Ltd and Ophir Energy Plc have completed drilling two offshore natural gas wells in southern Tanzania.   Netherlands-based Shell, which took over the global operations of BG Group last year, jointly owns deep sea blocks 1, 3 and 4 with Pavilion of Singapore and Ophir of Britain.   The joint venture partners started drilling Kitatange-1 well in block 1 and Bunju-1 well in block 4.... Read more »

Posted on : Monday , 30th January 2017

Tanzania Considers Tax On Charcoal in Bid to Save Forests

Dar es Salaam — Making the fuel more expensive could help cut surging demand, officials believe   Tanzania is considering putting a tax on charcoal with the aim of discouraging the use of the fuel, which is a big source of energy for cooking but also a major contributor to deforestation.   Officials say they believe making charcoal more expensive would significantly reduce demand for it and cut runaway tree felling in the.... Read more »

Posted on : Tuesday , 24th January 2017

East Africa: Fuel to Cost More as Crude Prices go up

Consumers in East Africa will pay more for refined petroleum products, as global crude oil prices rise.   Ecobank Research, an arm of Ecobank Group, said crude oil prices on the international market have rebounded upwards from $50 a barrel, following a decision by members of the Organisation of Petroleum Exporting Countries (OPEC) and other producers in early December 2016, to cut output by 1.8 million barrels per day.   The.... Read more »

Posted on : Saturday , 21st January 2017

Tanzania: More CNG Stations in Dar to Provide Cleaner, Cheaper Energy

Tanzania plans to construct more compressed natural gas (CNG) stations in Dar es Salaam to provide cheaper, cleaner energy for more of its citizens.   According to the Tanzania Petroleum Development Corporation (TPDC), the project will be executed in three phases and will involve construction of 15 compressed natural gas stations in the country's commercial capital.   "This project hasn't taken off because of lack of funding..... Read more »

Posted on : Saturday , 21st January 2017

East Africa: Tanzania, Uganda to Hire Financial Adviser for Oil Pipeline Investment

Kampala — Uganda, Tanzania and French oil company Total E&P, the lead joint venture partner on the proposed crude oil export pipeline are considering getting on board a transactionary adviser to advise them on getting a lead investor and the $3.55b (Shs12.6 trillion) required for financing the project.   A concept brief for the project issued by the ministry of Energy yesterday indicated that the parties are looking at before.... Read more »

Posted on : Friday , 13th January 2017

Tanzania: Diesel, Kerosene Prices Lowered, Petrol Price Slightly Up

The Energy and Water Utilities Regulatory Authority (EWURA) has lowered cap prices for diesel and kerosene and slightly increased petrol prices for January in line with changes in prices of petroleum products in the world market.   The energy regulator announced yesterday that retail prices for diesel and kerosene have decreased by 66/- per litre or 3.68 per cent and 37/- per litre or 2.11 per cent respectively to provide huge relief to.... Read more »

Posted on : Monday , 9th January 2017

Tanzania: New Prices for Natural Gas to be Set

Tanzania will next week start setting indicative prices for natural gas to guide potential investors.   Currently the prices of natural gas are negotiated between the buyer and the government-owned Tanzania Petroleum Development Corporation (TPDC), which is the seller.   The Energy and Water Utilities Regulatory Authority (Ewura) is expected to announce the first list of the prices for 2017 by December 30.   Ewura's director.... Read more »

Posted on : Thursday , 29th December 2016

Tanzania: Construction of New LNG Plant At Negotiation Stage

The process of constructing the envisaged liquefied natural gas (LNG) plant to sit on the land of Lindi Region has now entered the negotiation stage of the Host Government Agreement (HGA), it has been revealed.   The HGA is a legal agreement between a foreign investor and a host government governing the rights and obligations of the foreign investor and the host government concerning the development, construction and operation of a.... Read more »

Posted on : Wednesday , 28th December 2016

Tanzania: Negotiations on $30 Billion Gas Plant Set to Resume in 2017

Dar es Salaam — Major oil and gas companies are now planning to resume negotiations with the government on a production sharing agreement (PSA) next year for the planned liquefied natural gas (LNG) plant.   BG Group which was acquired by Royal Dutch Shell, alongside Statoil, Exxon Mobil and Ophir Energy, plan to build a $30 billion (Sh66 trillion) onshore LNG export terminal in partnership with the state-run Tanzania Petroleum.... Read more »

Posted on : Friday , 23rd December 2016

Exploration Activities in East Africa to Rise in 2017 as Global Prices Recover

Oil and gas exploration activities in East Africa are expected to rise in 2017 as global confidence in the sector increases with improving prices.   London-based Wood Mackenzie (Woodmac) energy, metals and mining consultancy firm, expects a resurgence of activities in the region, as explorers create more value by drilling wells when crude oil prices on the international market begin to rise.   Crude prices had risen to $53.24 per.... Read more »

Posted on : Thursday , 22nd December 2016



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