N e w s

East Africa: As Global Prices Recover, Oil & Gas Explorations Set to Increase in 2017

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

Tanzania, Zanzibar Sign Historic Oil and Gas Bill

ZANZIBAR President Ali Mohamed Shein yesterday signed into law, the Oil and Gas Development/Management Bill, an important step that will empower the semi-autonomous part of the United Repub lic of Tanzania to manage its own natural resources.   The signing of the bill into law brings to an end weeks of anxiety, with the people, legislators and lawyers embroiled in heated argument on the legal powers Dr Shein had to sign the new.... Read more »

Posted on : Tuesday , 20th December 2016

Tanzania: New Dodoma LPG Plant to Help With Cleaner, Cheaper Cooking

ORYX Energies has completed the construction of a new Liquefied Petroleum Gas (LPG) cylinder filling and storage depot in Dodoma, to give families access to a cost effective and cleaner way of cooking.   Company's Country Director, Mr Nick McAleer said the filling and storage facility marks the end of a key phase of investment in new and upgraded LPG facilities across the country over the past 18 months. He said the choice of Dodoma.... Read more »

Posted on : Tuesday , 20th December 2016

Kenya: Govt to Subsidize LPG for Promotion of Safe Energy

Kenya plans to subsidise the cost of cooking gas cylinders to promote safer sources of energy to households.   The government says it intends to promote liquefied petroleum gas (LPG) as the preferred alternative source of energy for cooking, replacing kerosene, charcoal and firewood, which are used by 87 per cent of Kenyans.   The Treasury has provided $200 million in this year's budget to roll out the subsidies and the Ministry of.... Read more »

Posted on : Thursday , 8th December 2016

East Africa: Tanzania-Uganda Pipeline Work Starts

Dar es Salaam — The work towards the construction of a crude oil pipeline between Uganda and Tanzania is officially on, with project the developers inviting reputable contractors to undertake a social and resettlement plan.   To be known as East African Crude Oil Pipeline, the project - which will transport Ugandan crude to Tanga Port in Tanzania - will be built jointly by a French oil giant Total SA, the UK-based Tullow Oil and and.... Read more »

Posted on : Friday , 2nd December 2016

Tanzania, Zambia to Negotiate Joint Oil & Gas Pipeline

Tanzania and Zambia are to negotiate a new deal for transport of refined oil and natural gas. The talks will centre around either modernising the existing 1,710km Tazama pipeline, which transports crude oil from the Dar es Salaam port to Zambia, or building a parallel pipeline for gas.   Tanzania’s Minister for Foreign Affairs, East African Regional and International Co-operation Augustine Mahiga said the project will be at the top.... Read more »

Posted on : Tuesday , 29th November 2016

Tanzania: Shell to Invest U.S.$80 Million with Partners for Gas Drilling

Royal Dutch Shell and its partners -- Pavilion Energy and Ophir Energy -- have announced commencement of gas drilling off the coast of Tanzania in a $80 million investment project.   The drilling will cover two wells in Block 1 and 4, located in the offshore Mafia deep basin and with each depths of up to 2,800 metres.   "In the current investment climate, there is a need to have strong project fundamentals, including.... Read more »

Posted on : Tuesday , 29th November 2016

India and Japan look to African oil and gas for energy security

 Dr Anil Bhandari, an independent consultant and former director of exploration for ONGC, said that India currently produces 2.3 per cent of the world's total energy but 17 per cent of its crude oil imports, essential for meeting energy security needs across multiple sectors, come from Africa. Additionally, Angola and Nigeria are leading exporters of gas to India. India is also investing in hydrocarbons projects elsewhere on the continent,.... Read more »

Posted on : Friday , 25th November 2016

Scottish oil groups ‘should tap Africa’s potential’

 Scottish oil companies that are struggling in the North Sea are being urged to look to Africa to secure their future.   The suggestion comes as the first Scotland Africa Oil & Gas Forum brings senior government officials from the continent to Aberdeen today. Komi Sélom Klassou, prime minister of Togo, is being joined by energy ministers from Senegal, Ivory Coast and Congo (Brazzaville). Paul Wheelhouse, Scotland’s.... Read more »

Posted on : Thursday , 24th November 2016

AFRICA - THE NEXT GROWTH MARKET

 Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities in the region. Over the past decade, Africa’s.... Read more »

Posted on : Thursday , 24th November 2016

Turkish Exporters Target Africa

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has recorded an annual growth rate of 5 percent over the last decade and is expected to continue this trend in the coming years. Six out of ten fastest growing.... Read more »

Posted on : Wednesday , 23rd November 2016

UK supports growth and development of East African oil and gas sector

 LONDON, United Kingdom,  -Mareeg-The discovery of oil and gas can be a defining moment for nations. Managed well, it can have a transformative impact; boosting economies and fuelling inclusive growth across the board. But without the right systems in place, a sudden boom in the extractives sector can have debilitating effects – including distorting economies and fostering conflict and insecurity.   East Africa has now.... Read more »

Posted on : Wednesday , 23rd November 2016



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