The second phase for the AGGS petroleum and natural gas analysis using special aircraft is mapped within the Eyasi Wembere and Mandawa blocks under which other regions such as Tabora, Shinyanga and Lindi will also be mapped in the study. In Arusha, where the aerial survey starts today, the exercise will cover the Lake Eyasi escarpment, the Lake Manyara Basin and Lake Natron (Oldonyo L’engai) landscape. Overall, the task, expected to.... Read more »

Posted on : Wednesday , 25th November 2015

Delays in Lamu Port South Sudan Ethiopia Transport (Lapsset) corridor and the fall in global oil prices will stretch Kenya’s plans to produce oil beyond 2017, a new study says. Oxford Business Group Friday said in its The Report- Kenya 2015 that Lapsset is “ambitious and running behind schedule.” The survey also says that, “production will not begin until the anticipated oil price recovery.” Lapsset.... Read more »

Posted on : Monday , 23rd November 2015

Solo Oil is pleased to announce that it has reached agreement with Aminex plc to farmout a 12.5% net working interest in the Ruvuma Petroleum Sharing Agreement in Tanzania to Aminex in a back-to back agreement which will see Bowleven plc, an AIM listed oil and gas company, join the Ruvuma PSA joint venture with a 50% net working interest. Solo will receive from Aminex a total consideration, in the form of a carried work program contribution.... Read more »

Posted on : Friday , 20th November 2015

Simba Energy, a Canadian oil and gas exploration firm, has announced plans to raise Sh214 million ($2.1 million) to fund exploration work in Mandera. In its latest update, Simba Energy says it will raise the money through a private placement share offer that will see it sell 42 million shares at Sh7.65 ($0.075) each. “The company is pleased to announce a financing by way of private placement that contemplates issuing up to 42 million.... Read more »

Posted on : Thursday , 19th November 2015

The Emesek-1 well which was also the North Turkana basin opener spud in mid-October drilled to a depth of 3000 meters did not encounter commercial hydrocarbons according to the joint venture partners in the Block Tullow Oil (operator), Africa Oil and Maersk Oil. “The Emesek-1 well was the first well to be drilled in the North Lokichar basin. While this wildcat well did not find commercial hydrocarbons, it provides valuable data as we.... Read more »

Posted on : Wednesday , 18th November 2015

The Tanzania Petroleum Development Corporation (TPDC) has said it has started acquiring a non-invasive Airborne Gravity Gradiometry Survey over wholly operated Lake Tanganyika North Block which cuts across five districts namely; Kigoma rural, Kigoma, Ujiji, Uvinza and Mpanda rural. The survey  which started November 17th expected to take three months is to acquire high resolution gravity and magnetic data to map subsurface structural.... Read more »

Posted on : Wednesday , 18th November 2015

Cummins Cogeneration Limited (CCL) and WUTA Energy have finally sealed a deal to commence the development of a 140MW gas-fired power plant in the Western region of the country.   The plant which will be based in Beyin, in Jomoro district forms part of the first phase of a 300MW Power Purchase Agreement to supply energy to the Ghanaian Grid. Mr. Deepak Khilnani, Chairman of Cummins Cogeneration Limited (CCL), in a remark at signing of the.... Read more »

Posted on : Tuesday , 17th November 2015

Tanzania Petroleum Development Corporation (TPDC) will start an advanced search for oil in Lake Tanganyika, the state-owned firm said at the weekend. From its first stages of surveys across Lake Tanganyika waters, TPDC believes the area from Kigoma Rural, Kigoma Ujiji, Uvinza and Mpanda Rural contains abundant oil resources. The belief stems from the fact that neighbouring Uganda has already discovered oil in Lake Albert which has the same.... Read more »

Posted on : Tuesday , 17th November 2015

Tullow Oil is working on a plan to develop its northern Kenya fields, it said in an update.   The UK explorer said it is working on a field development plan to best determine how to extract oil and associated costs.   "In Kenya, discussions with the Government regarding the draft field development plan for the discoveries in the South Lokichar Basin continue positively, with targeted submission by year end 2015," said.... Read more »

Posted on : Monday , 16th November 2015

But as to the sources of growth in electricity markets, coal’s relevance is going to diminish with every year and it’s going to diminish much faster than anyone had been thinking. The world is on track to hit the 1°C milestone this year. He says it’s the first time the IEA has properly acknowledged the rise of renewable energies and the inevitable decline of coal power. Instead, China is passing the baton to India,.... Read more »

Posted on : Monday , 16th November 2015

Oil-rich South Sudan seceded from what is now the Republic of Sudan in 2011. Khartoum estimates that the loss of the southern oilfield brought oil production volumes down to some 150,000 of barrels a day from a previous half a million barrels per day. “Actually, we are planning to expand, although the prices are going down,” Ambassador Nadir Babiker told RIA Novosti, adding his country imports oil byproducts like gasoline for the.... Read more »

Posted on : Monday , 16th November 2015

The move comes after the accomplishment of all legal procedures and fulfillment of sailor’s demands such as health insurance and working contracts to companies that they will be working with. Speaking in Dar es Salaam, the TSC Chairman, Mr Frank Chuma said that they have reached agreement with the government on the fulfillment of important requirements that are needed by seafarers. He said next process shall be signing contracts.... Read more »

Posted on : Monday , 16th November 2015