Libya Oil Ethiopia Limited, a subsidiary company of the Libya Oil Holdings Ltd, is to expand its investment and business in Ethiopia.   Two weeks ago the corporate management of Libya Oil Holdings held a week long meeting at Hilton Addis Ababa. The senior management team members came from the headquarters of the company, which is based in Dubai, UAE. Eighteen country managers from different African countries attended the high-level.... Read more »

Posted on : Friday , 11th September 2015

 DAR ES SALAAM, Tanzania – Twaweza, a local Tanzania organization last week said many Tanzanians are misguided on the benefits they expect to reap from the oil and gas sector as such more education and sensitization is needed.     Aidan Eyakuze, Twaweza Executive Director when presenting the main results of a survey saidTanzanians citizens are significantly misinformed about the potential of the country’s gas.... Read more »

Posted on : Wednesday , 9th September 2015

 Genel Energy a partner at the Adigala block in Ethiopia says a drill or drop decision is expected in the first quarter of 2016 as it continues further processing and interpretation of new 2D seismic acquired in 2014.   According to the latest investor presentation the seismic that commenced in the second quarter of 2014 was to refine a number of existing leads into drill ready prospects and de-risk the prospectivity of the.... Read more »

Posted on : Tuesday , 8th September 2015

 Spectrum ASA has announced it has entered into a Multi-client master co-operation agreement with the federal government of Somalia to acquire approximately 28,000 km of long offset 2D seismic data offshore south Somalia during a signing ceremony on September 5th at the SYL Hotel, Mogadishu.   The new acquisition has been specifically designed to complement 20,000 km of existing seismic that was acquired in 2014 by Seabird.... Read more »

Posted on : Tuesday , 8th September 2015

 Egyptian Natural Gas Holding Company reportedly invited ten LNG trading companies to a technical workshop linked to Egypt’s second LNG supply tender.   Sources told Reuters that the companies invited could be in a short-list of possible winners of the tender to supply 45 cargoes of liquefied natural gas to Egypt in 2015 through 2016.   Twelve companies has submitted bids with two being dropped. EGAS invited PetroChina,.... Read more »

Posted on : Tuesday , 8th September 2015

 Dozith Abeinomugisha, assistant commissioner in the petroleum directorate at the Ministry of Energy and Mineral Development, told the newspaper that, basically, international oil companies (IOCs) would be banned from bringing expatriates into the country to occupy positions that qualified Ugandans can do.   "We have coordinated with the Ministry of Internal Affairs to ensure that no expatriate will get a work permit unless he.... Read more »

Posted on : Saturday , 5th September 2015

 The first designs for the  construction of the Kipevu oil terminal in Mombasa are on the final stages so as to pave way for the tendering process; this is according to the Kenya Ports Authority Managing Director, Gichiri Ndua.   The Kipevu oil terminal which is supposed to be relocated is being overseen by Danish consultancy firm Niras.   “We have engaged a consultant who is finalizing the construction designs in.... Read more »

Posted on : Saturday , 5th September 2015

 Plans for the construction of a petrochemical complex in Mtwara Region in Tanzania under the German company HELM AG are in top gear following the completion of the gas pipeline in the area.   Mr Hassan Ahmed, HELM AG Country Representative says that the petrochemical complex in Mtwara will be constructed at Msangamkuu area and will be one of the largest petro chemical companies in Africa, which is expected to employ over 10,000.... Read more »

Posted on : Saturday , 5th September 2015

PRELIMINARY designs on the planned relocation of the Kipevu oil terminal in Mombasa are being finalised to pave way for the tendering process, Kenya Ports Authority managing director Gichiri Ndua has said.   Danish consultancy firm Niras is overseeing the relocation of the oil terminal, which will expand the country’s petroleum handling and storage capacity by almost 400 per cent.   “We have engaged a consultant who is.... Read more »

Posted on : Friday , 4th September 2015

 In a move meant to boost the participation of more Ugandans in the oil and gas sector, government has set stringent rules on hiring expatriates.   Dozith Abeinomugisha, an assistant commissioner in the petroleum directorate in the ministry of Energy and Mineral Development, says the rules are meant to regulate expatriates in the sector. Abeinomugisha was on Wednesday presenting a paper on the progress of oil and gas sector to The.... Read more »

Posted on : Thursday , 3rd September 2015

 A tender for the construction of the US$ 4bn Kenya-Uganda pipeline that is expected to cover 1,500km is set to be announced before the end of this year.   The construction project has been incorporated into the Lamu Port- South Sudan-Ethiopia Transport Corridor (Lapsset) infrastructure project.   The Lapsset Corridor Development Authority (LCDA) confirmed the reports and said that the tender that will be inviting companies to.... Read more »

Posted on : Wednesday , 2nd September 2015

 Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 sq kms. Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea. Eni will immediately appraise the field with the aim of accelerating a fast track development of the discovery that will utilise at.... Read more »

Posted on : Tuesday , 1st September 2015