Tanzania aims to launch its 5th oil and gas licensing round by the end of 2023 in a move designed to revive interest in its largely dormant exploration and production sector. After a blitz of offshore exploration, largely by Shell and Equinor, in the years to 2018, the focus point of the few oil companies that remain in Tanzania has centered on infill wells or improving existing well stock on coastal gas fields such as Mnazi Bay, Songo.... Read more »

Posted on : Thursday , 25th May 2023

Indian oil firms ONGC Videsh and Oil India Ltd partner for the possible acquisition of a 50 % stake in London-based Tullow Oil's $3.4 billion oilfield project in Kenya, Press Trust of India news agency reported, citing informed sources. However, the Indian consortium faces competition from Chinese energy giant Sinopec, which has entered the competition following delays by Indian companies. Initially, ONGC Videsh, the overseas arm of.... Read more »

Posted on : Monday , 14th August 2023

Borouge Plc, a petrochemical company that provides innovative and differentiated polyolefin solutions, has entered into a Distribution Agreement with one of the biggest polyolefin distributors in East Africa, Somochem. The agreement builds on a long-standing partnership between Borouge and Somochem and aims to increase Borouge’s footprint and presence in East Africa. The development comes on the back of Borouge’s significant growth in.... Read more »

Posted on : Tuesday , 25th April 2023

The Tanzanian Government has signed agreements with three Australian mineral companies for the development of rare earth and graphite mines in the country. Agreements totalling $667 million were signed with mineral exploration companies Evolution Energy Minerals, EcoGraf, and Peak Rare Earths. Peak Rare Earths will mine minerals in Ngualla, the southwest region of the country; Evolution Energy Minerals will mine graphite in the.... Read more »

Posted on : Tuesday , 25th April 2023

Construction has begun on a $130.5 million re-filling plant for liquefied petroleum gas (LPG) and 30,000-ton storage facility at the Dongo Kundu Special Economic Zone in Kenya. Construction started on 24th February by Tanzania-based LPG distributor, Taifa Gas, and will service both Tanzania and Kenya in a bid to make clean cooking gas more affordable and accessible for both East African countries. â€œWe are investing in infrastructure.... Read more »

Posted on : Thursday , 23rd March 2023

Global energy majors Shell and Equinor have officially started the contract preparations for the development, operation, and maintenance of a $30 billion liquefied natural gas (LNG) terminal in Tanzania. The preparations follows the finalization of project negotiations with the Tanzanian government. According to H.E. January Makamba, Minister of Energy of Tanzania, “Negotiations on the construction of the LNG project were complete,.... Read more »

Posted on : Thursday , 23rd March 2023

Tanzania’s government gave its approval on Tuesday for the construction of a $3.5 billion crude oil pipeline despite human rights and environmental concerns about the mega-project. The 1,443-kilometre (900-mile) pipeline will transport crude from vast oilfields being developed in Lake Albert in north-western Uganda to a Tanzanian port on the Indian Ocean for delivery to international markets. Uganda’s 1st oil is expected to flow in.... Read more »

Posted on : Friday , 24th February 2023

Kenya is exploring the feasibility of constructing a gas pipeline linking Tanzania’s major coastal city of Dar es Salaam to Kenya’s coastal city of Mombasa and later extending it to Nairobi, Kenya’s capital, Africanews reported in October 2022. According to Kenya’s new president Dr. William Ruto, the prospective 600km pipeline, estimated to cost $1.1 billion, would help reduce the country’s soaring energy costs. President.... Read more »

Posted on : Friday , 24th February 2023

New Energy CS Davis Chirchir has said Kenya is poised to be the region's next petroleum giant following heavy investments.  Chirchir said construction of the Sh40 billion New Kipevu Oil Terminal (KOT 2) is a game changer for the country, especially the energy sector. He said the government is considering investments in storage and evacuation to match the capacity of the new facility. The CS, who was in Mombasa on a.... Read more »

Posted on : Thursday , 12th January 2023

The Competition Authority of Kenya (CAK) gave Aramco Overseas Company, the investment arm of Saudi Aramco, the nod to acquire the Kenyan operations of VGP Holdings as part of the global deal worth $2.65 billion.The acquisition looks set to trigger shifts in Kenya’s fuel lubricants market that is currently dominated by multinational firms such as Vivo – seller of Shell products —, Total Energies and Rubis. Saudi Aramco is the largest.... Read more »

Posted on : Thursday , 12th January 2023

Tanzania and Zambia have agreed to build up security along their common oil pipeline as they finalise plans for the facility to start transporting refined petroleum products. The Tanzania Zambia Mafuta (Tazama) pipeline transported crude petroleum products from Dar es Salaam to Zambia, where they were processed at the Indeni Refinery in Ndola, Zambia. However, as part of President Hakainde Hichilema’s reform plan, the government.... Read more »

Posted on : Thursday , 15th December 2022

HomeBiogas wins order for biodigesters in Rwanda. The Beit Yanai, Israel-based company signed a deed of commitment with the United Nations (UN), which initiated the project, on the side-lines of the recently concluded 27th UN Conference of the Parties on Climate Change (COP27) in Sharm el-Sheikh, Egypt. As part of its contract, HomeBiogas will provide its solutions to farmers. The devices will be used to produce biogas from organic waste..... Read more »

Posted on : Thursday , 15th December 2022