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Tanzania: Isles to Engage Honest Oil Explorers

Zanzibar — The two-week Zanzibar House of Representatives session has ended here with the government promising to be careful in issuing international tenders for oil companies to explore for oil and gas. Moving a motion to adjourn the session to November 23, this year, the Second Vice- President, Ambassador Seif Ali Iddi, said: "We will be careful in entering contracts with companies interested in exploring for oil and.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Govt Finalizes Local Content Policy for Gas Sector

Dar es Salaam — The government has said that it's currently in the last stages of compiling regulations for the local content policy for the gas and oil industry especially on the construction of a Liquidified Natural Gas (LNG) plant in Lindi. The deputy minister Ministry of Energy and Minerals Dr Medard Kalemani said this on the sidelines of a local content meeting on the natural gas industry in Tanzania under the theme.... Read more »

Posted on : Monday , 3rd October 2016

Kenya, Uganda set to position E. Africa as the next oil frontier

Kenya and Uganda are set to position East Africa as the next oil development frontier, Bloomberg Intelligence has said. The note based the findings on the discovery of several onshore deposits. They include the billion-barrel potential at Uganda’s Lake Albert and Kenya’s South Lokichar Basin. “While early-stage, with full development not expected until 2020 or later, accelerating drilling activity,.... Read more »

Posted on : Saturday , 1st October 2016

Tanzania: Oil, Gas Firms Give 4 Billion/ - to Vocational Training

Mwanza — Oil and gas companies under the consortium of Tanzania Liquefied Natural Gas Plant Project (TLNG) have donated 1.9m US dollars (about 4bn/-) to beef up employment opportunities for the youth through vocational training in natural gas in the twin southern regions of Mtwara and Lindi. TLNG is composed of five partners--BG/Shell Group, ExxonMobil, Ophir Energy, Pavilion Energy and Statoil. The assistance is to.... Read more »

Posted on : Thursday , 29th September 2016

Tanzania: Statoil Farms in to New Tanzania Gas Licence

Norwegian energy producer, Statoil, has acquired 12 percent working interest in Block 6 licence offshore Tanzania from operator Petrobras Tanzania Ltd. According to the information published in the Norway Post over the weekend, the company has acquired block 6, which covers 5,549 square kilometers in the Mafia basin offshore. It was established that the transaction is subject to the approval by the government of.... Read more »

Posted on : Thursday , 29th September 2016

Tehran, Nairobi Mull Energy Cooperation

Oil Minister Bijan Namdar Zanganeh said the implementation of the accord between Iran and major powers, formally called the Joint Comprehensive Plan of Action, has paved the way for promoting Tehran-Nairobi relations that are of high importance to Iran. Zanganeh made the statement after meeting Kenyan National Assembly Speaker Justin Muturi in Tehran on Sunday, Shana reported. "Expanding cooperation with Africa tops Iran's.... Read more »

Posted on : Monday , 26th September 2016

Tanzania: Change Afoot to Relax Rule for Fuel Bulk Procurement

The government is weighing a plan to relax the rule on petroleum bulk procurement system that requires tendering oil firms to buy and supply the product in a cargo-to-cargo base other than the winner-takes-all-process. Scheduled to start from September, the system will be open to all pre-qualified Oil Marketing Companies, according to Petroleum Bulk Procurement Agency (PBPA). "We have further simplified procurement of oil.... Read more »

Posted on : Saturday , 24th September 2016

Local Content Bill to give Kenyans more oil cash

Oil and gas companies will now be required to state how local communities will benefit from the proceeds before they are licenced if a proposed bill becomes law. The bill by Baringo Senator Gideon Moi seeks to ensure the companies do not take off with everything after drilling oil and tapping gas. The Local Content Bill 2016 will also put an end to conflicts that have rocked communities in oil and gas rich areas and these.... Read more »

Posted on : Friday , 23rd September 2016

Vivo Energy opens largest diesel storage tank in Kenya at Shimanzi

Vivo Energy Kenya has opened a 23 million litre diesel storage tank at the company’s Mombasa terminal at Shimanzi in what is the largest diesel storage capacity in the country by one oil marketer. The company also opened a 5 million litre petrol storage tank. The opening of these tanks increases the company’s diesel storage to 53 million litres, and petrol storage to 29 million.... Read more »

Posted on : Thursday , 22nd September 2016

Government to invest Ksh. 3.2 Billion on Oil infrastructure, KTN Prime 21st September 2016

The ministry of infrastructure is set to spend 3.2 billion shillings in constructing requisite infrastructure that will pave the way for Kenya to start exporting oil come June 2017. According to roads principal secretary Eng. John Mosonik, plans are underway to rehabilitate the Eldoret Lokichar road in preparation for the harvesting of early oil in Turkana. Stakeholders in the petroleum sector have expressed concern over the pace of.... Read more »

Posted on : Thursday , 22nd September 2016

Law on oil must drive prosperity

Kenya will soon join the ranks of oil exporting countries. President Uhuru Kenyatta announced that Kenya would pump and export an estimated 2,000 barrels of oil per day before the next general election. At the current oil prices, these petroleum exports will generate enough revenue to pay about 203 MPs their salaries and allowances for one year. But is Kenya prepared to navigate the slippery slope of the hydrocarbons bonanza? Can.... Read more »

Posted on : Wednesday , 21st September 2016

Uganda: Investors Prepare Finance Plans As Uganda's Oil Sector Reawakens

A lot more attention is expected to be placed on how companies source for finance to invest in Uganda's oil industry after government created nearly all the necessary structures for an industry that has been quiet for far too long, writes EDWARD SSEKIKA. After three years of subdued activity, Uganda's oil and gas sector is back on track. Recent developments, where oil licenses have been issued and heads of institutions appointed,.... Read more »

Posted on : Wednesday , 21st September 2016