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

 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 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

 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

 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

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

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

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 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

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

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

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