The Tanzania Petroleum Development Corporation (TPDC) is on Wednesday set to meet oil and gas investors ahead of the government's decision on Hosting Government Agreement (HGA) that could create a new outlook for the planned liquefied natural gas (LNG) plant.   Construction of the 10-milliontonne a year LNG plant in East Africa's biggest holder of natural gas reserves after Mozambique is yet to be decided and government officials say a.... Read more »

Posted on : Wednesday , 15th June 2016

Tanga — President John Magufuli and his Ugandan counterpart Yoweri Museveni are scheduled to lay a foundation stone for the construction of the Uganda oil pipeline, officials have said.   At a briefing with Tanga regional leaders Thursday, Tanzania Petroleum Development Corporation (TPDC) director general James Mataragio said they are yet to determine the exact place in Tanga where the stone would be laid.   He did not give a.... Read more »

Posted on : Monday , 13th June 2016

Dar es Salaam — A leading retailer of petroleum products in Africa, Total is expanding on the continent with the acquisition of Gulf Africa Petroleum Corporation's (GAPCO) assets in Kenya Uganda and Tanzania. The transaction is subject to the authorities' approval in the three countries.   A communiqué issued by the company of which this paper has a copy reveals that the principal assets being acquired are two logistical.... Read more »

Posted on : Wednesday , 8th June 2016

Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has announced that more gas is being produced from Agbada field in the Eastern Niger Delta in support of federal government's aspiration of increasing domestic gas production for manufacturing and power generation.   This development is coming at a time Nigeria's power supply has dropped significantly due to gas shortages to power stations   Power.... Read more »

Posted on : Wednesday , 30th March 2016

JAPAN has expressed its commitment to a new technical cooperation project with Tanzania Revenue Authority (TRA) in enhancing training programmes on minerals, oil and gas taxation.   The new pledge came after the completion of the four-year project dubbed 'Project for Enhancement of Taxation Training in Tanzania, which reached its climax yesterday.   TRA has with Japan International Cooperation Agency (JICA) support been.... Read more »

Posted on : Friday , 25th March 2016

Oil prices jumped by almost six per cent on Thursday thus erasing losses of the past two days, after major producers firmed up plans to meet in Qatar to discuss an output freeze.   United States crude settled up $2.12, or 5.8 per cent, at $38.46 a barrel, after falling by five per cent in the past two sessions.   Brent crude finished up $1.59, at $40.33 a barrel, after falling below $40 in previous sessions.   Crude prices.... Read more »

Posted on : Monday , 21st March 2016

AMINEX plc and Solo Oil plc have told investors that first gas production from the Kiliwani North gas project, in Tanzania, is now expected in early April.   Final well integrity testing has now been completed for the Kiliwani North-1 (KN-1) production well. The state's Tanzania Petroleum Development Corporation (TPDC) had previously advised Aminex to prepare the KN-1 well for production by mid-February.   The change to the.... Read more »

Posted on : Friday , 18th March 2016

GLOBAL oil company Puma Energy, which has over the past few years aggresively pushed into the competitive Zimbabwean fuel market, plans to expand its operations further into sub-Saharan Africa as it seeks growth opportunities in the region.   Having entered the African market in 2002, Puma is now recognised as the fastest growing midstream and downstream oil provider on the continent.   Since then, Puma has invested over US$2.... Read more »

Posted on : Tuesday , 15th March 2016

Kenya Maritime Authority (KMA) is implementing a maritime policy to boost investment in the sector. KMA, which regulates the maritime sector, noted that the policy would enable the agency address the recent discoveries and expected exploitation of offshore oil and gas. With the discoveries, this is expected to raise the volumes of cargo and put pressure on the development of ports and auxiliary infrastructure.   KMA Acting Director.... Read more »

Posted on : Monday , 14th March 2016

Construction of the long-awaited Tanzania-Uganda crude oil pipeline is expected to start in August this year, and will be completed in 2019.   James Mataragio, Tanzania Petroleum Development Corporation (TPDC) Executive Director said last week the $4 billion project will speed up the socioeconomic development between the two East African nations.   Sources say theTanzanian and Ugandan Presidents approved the project ahead of the.... Read more »

Posted on : Monday , 14th March 2016

 Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation’s total estimated recoverable natural gas reserves to more than 57 tcf, local media reported on Thursday. The onshore reserves were found at a field licensed to the United Arab Emirates’ Dodsal Group located at Ruvu basin in Coast region, near the country’s commercial capital, Dar es.... Read more »

Posted on : Friday , 11th March 2016

 Africa Oil announced that the Etom-2 well in Block 13T in northern Kenya has discovered 102 metres of net oil pay. The company in a press statement indicated that Oil samples, sidewall cores and wire line logging all indicate the presence of high API oil in the best quality reservoir encountered in the South Lokichar Basin to date. Additional prospectivity identified on the 3D seismic in the Etom Field area and in the northern portion of.... Read more »

Posted on : Friday , 11th March 2016