N e w s

Angola produced 1.7 million barrels of oil per day in July

 Angola produced 1.7 million barrels of oil per day last July, Petroleum Minister José Maria Botelho de Vasconcelos announced on Wednesday in Luanda. The production figure shows a growing tendency toward achieving the production target of 2 million barrels of oil per day in 2015, Botelho de Vasconcelos said during a seminar on dispersants and on-site burning. Cited by Angop news agency, he specified that more than 99 percent of.... Read more »

Posted on : Tuesday , 19th August 2014

Opportunities for UK oil and gas companies in Africa

LONDON, 13 August 2014 / PRN Africa / — UKTI's event in Glasgow during the Commonwealth Games highlighted support available to help UK business access export opportunities in east and west Africa.   UK Trade & Investment (UKTI) ran an oil and gas seminar at the British Business House (BBH) in Glasgow during the Commonwealth Games. 80 delegates took part in the seminar, including guests from east and west.... Read more »

Posted on : Monday , 18th August 2014

Swala Oil & Gas debuts on DSE

Swala Oil & Gas is now listed on the Dar es Salaam Stock Exchange (DSE) becoming the first public-owned oil and gas company in East Africa SwalaThe former president of Tanzania Alhaji Ali Hassan Mwinyi rings the bell officiating the first trading day of Swala Oil & Gas on the DSE. (Image source: Swala Oil & Gas)   The Tanzania-based company is the 20th to list on the DSE and the second to list under the enterprise growth.... Read more »

Posted on : Monday , 18th August 2014

Oil and gas boom in East Africa countries promises riches

 Analysts at Standard Bank say Kenya, Uganda, South Sudan, Ethiopia, Tanzania and Mozambique that have recently made discoveries, have the potential to fundamentally transform their economies through investments in road, rail, power and industrial infrastructure. “Over and above the traditional oil and gas regions in Africa, notably West Africa, East Africa has essentially been a forgotten desert in terms of upstream.... Read more »

Posted on : Friday , 15th August 2014

Tanzania: Dar Seeks to Train 300 in Gas, Oil Sub-Sector

 TANZANIA seeks to train about 300 personnel in natural gas and oil sub-sector by 2020 to ensure the country has adequate skilled workforce to effectively manage the resources.     Energy and Minerals Minister Professor Sospeter Muhongo told a press conference in Dar es Salaam yesterday that the workforce would include lawyers, accountants, auditors and engineers, among others, with bias on gas and oil.... Read more »

Posted on : Wednesday , 13th August 2014

Tanzanian firm becomes first publicly owned oil, gas group in E Africa

 Tanzania-based energy group Swala Oil & Gas has listed on the Dar es Salaam Stock Exchange (DSE), becoming the first publicly owned oil and gas company in East Africa.  The company is the twentieth to list on the DSE and the second to list under the Enterprise Growth Market (EGM), an equity market specifically intended for small and medium-sized enterprises (SMEs) and start-ups.   The company listed on the EGM with.... Read more »

Posted on : Tuesday , 12th August 2014

East Africa surpasses Middle East with high paying jobs in oil and gas

 The study by Von Essen, providers of tax advisory services to international contractors, said that a growing number of oil and gas jobs offering more than US$171,172 per annum are being created due to increased exploration and extraction activity in the continent. Von Essen added that Africa is now second to Europe for the number of highly paid roles advertised for top UK oil and gas industry professionals. Europe accounts for 41 per cent.... Read more »

Posted on : Monday , 11th August 2014

Kenya's import bill has accelerated by 727 million U.S. dollars

NAIROBI, (Xinhua) -- Kenya’s import bill has accelerated by 727 million U.S. dollars in the first six months of this year, compared to a similar period in 2013, Kenya National Bureau of Statistics (KNBS) said on Saturday.   The bill swelled from 7.9 billion dollars in the first half of 2013 to 8.6 billion dollars this year on account of increased inflows of industrial supplies and petroleum products.   The non-food industrial.... Read more »

Posted on : Monday , 11th August 2014

Africa Oil and Tullow Oil seek partner for Kenyan oilfields

 The Canada-listed company said that the partners have discovered oil reserves in Block 13T and Block 10BB in northern Kenya’s South Lokichar Basin, estimated to hold a combined 600mn barrels. Keith Hill, CEO of Africa Oil, said, “We will likely bring on a partner to help develop Lokichar Basin reserves but no timetable has been set.” Oil discoveries in Uganda and Kenya and gas deposits found offshore Tanzania and.... Read more »

Posted on : Monday , 11th August 2014

Gas Discoveries Fuel Investments in East Africa

 Significant gas discoveries in Tanzania, Kenya and Mozambique have put East Africa in the global spotlight, according to DHL’s executive. Steve Harley, president of energy sector at DHL, said that while Angola and Nigeria have always been the most notable producers within the sub-Saharan region, oil and gas activities in East Africa are now creating a stir amongst global exploration companies and potential investors. “Oil.... Read more »

Posted on : Monday , 11th August 2014

A commercial agreement endorsed to facilitate East Africa Oil and Gas Free Port Project

 The parliament of Ghana has endorsed a commercial agreement between the Government, Lonrho Ports Ghana Limited and Atuabo Free Port Company Limited to facilitate construction of the Ghana Oil and Gas Free Port.   The Ghana Oil and Gas Free Port will be set up at Atuabo in the Western Region. The port is also expected to come into full operations in 2016 and will assist in meeting Ghana’s logistics and support requirements in.... Read more »

Posted on : Friday , 8th August 2014

East Africa holds major oil and gas opportunities

 East Africa would be the next major oil and gas play on the continent, professional services firm PwC Africa Oil & Gas Advisory senior manager Derek Boulware said  Speaking at the launch of the firm’s 2014 Africa oil and gas review titled ‘On the brink of a boom’, he noted that, while about 15 000 wells had been drilled in West Africa to date, only about 500 had been drilled in East Africa. “There is a.... Read more »

Posted on : Wednesday , 6th August 2014



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