Kenya's push to start oil production by 2017 will be delayed by at least five years going by the detailed design and construction timeline for the proposed crude oil pipeline connecting Uganda and local oil fields to Lamu. The Toyota Tsusho design released yesterday shows that the flow of the first oil is expected in October 2022 at the earliest. This will come after the commissioning of the oil pipeline in the last quarter of.... Read more »

Posted on : Monday , 17th August 2015

The Department of Petroleum Resources (DPR) has stated that it had commenced the implementation of Nigeria Gas Transportation Network Code (NGTNC). This is coming as the Nigeria Gas Company (NGC) has hinted that gas supply to power plants would increase to 800 million standard cubit feet by the end of 2016. The code ‎ NGTNC is a contractual framework between transporter (or network operator) and network users (known as shippers) that.... Read more »

Posted on : Monday , 17th August 2015

Africa Oil Corp. is pleased to announce its financial and operating results for the three and six months ended June 30, 2015.During the second quarter of 2015, the Company focused its efforts on appraisal in the South Lokichar Basin, Extended Well Tests (EWTs) in the Amosing and Ngamia fields, and reservoir and engineering studies. This focus for 2015 has the following objectives; confirming reservoir quality and deliverability, resource size.... Read more »

Posted on : Saturday , 15th August 2015

International oil giants are bearing down on East Africa. Off the coast of Tanzania, the discovery of 46.5 trillion cubic feet of natural gas reserves has put the country on the world energy map. The number is expected to rise to 200 trillion cubic feet in the next two years, and eventually transform Tanzania into a middle-income country. Companies like Exxon Mobil, BG Group and Norway´s Statoil are working with the Tanzanian Petroleum.... Read more »

Posted on : Friday , 14th August 2015

 Transparency body Global Witness while lauding the first licensing round as an step forward for transparency in the country has cautioned on four shortlisted companies which it says have a questionable environmental and social track record.   The four namely Nigeria’s Oranto Petroleum, Russian Africa Global Resources consortium where it questions two companies Telconet Capital Partnership Ltd and RT Global Resources as well as.... Read more »

Posted on : Wednesday , 12th August 2015

 Tanzanian President Jakaya Kikwete has signed on 4th August, 2015, the Petroleum Act 2015 meant to boost the energy sector in the country by ruling it under one single and consolidated legislation   The Tanzanian energy sector which was until now regulated by nine different documents between policies and acts, will now be ruled by one piece of legislation.   The Petroleum Exploration and Production Act, and the Petroleum Act,.... Read more »

Posted on : Wednesday , 12th August 2015

 The Tanzania International Petroleum Reserves Limited (TIPER), a 50/50 joint venture between Swiss Oryx Energies and the Tanzanian Government, has recently announced in a media statement the completion of two refurbished oil storage tanks which expand its current fuel storage capacity from 141,000 cubic metres to 213,000 cubic metres.   The two tanks refurbished with a capacity of 36,000 cubic metres each, needed a total investment.... Read more »

Posted on : Tuesday , 11th August 2015

 Kenya and Uganda have reached a final decision on the route for a crude pipeline linking their newly found oilfields to the Kenyan coast, an important step for oil firms to make a final investment decision, the countries' presidents said on Monday.   Oil executives have previously said they cannot make progress with their final investment decision on developing discoveries in Uganda and Kenya until the pipeline route and related.... Read more »

Posted on : Tuesday , 11th August 2015

Panoro Energy ASA (Panoro), the London-based E&P company, has announced that drilling has commenced on the Aje-5 production well on the OML 113 license offshore Nigeria The Aje-5 well is being drilled with the Saipem Scarabeo 3 semi-submersible drilling rig at a depth of 300 metres from a seabed location close to Aje-4. Following drilling, the Aje-5 well will be completed as a subsea oil production well. The drilling and completion for.... Read more »

Posted on : Friday , 7th August 2015

The managing director, Kaduna Refining and Petrochemicals Company, Saidu Mohammed, on Friday said the refinery will hit 90 per cent production of its 110,000 installed capacity.   PREMIUM TIMES gathered that the refinery had been operating at 60 per cent production capacity before commencement of the turn-around maintenance in October 2014.   Mr. Mohammed, in an interview after a tour of the refinery with journalists, said the.... Read more »

Posted on : Friday , 7th August 2015

The African Capacity Building Foundation (ACBF) has hailed current government efforts to build a strong local content legal and policy framework to guide the oil and gas sector.   Speaking in Dar es salaam yesterday, the Executive Secretary of the continental Foundation, Prof Emmanuel Nnadozie, said the local content policies and legislations would ensure the local populace are active in the oil and gas value chain.   Prof Nnadozie.... Read more »

Posted on : Friday , 7th August 2015

AFRICAN OIL & GAS ORGANISATIONS PLAN FOR AN UPTURN IN THE OIL Overall, activity in the oil & gas industry across the African continent has slowed in the wake of the declining oil price in late 2014.   “While the oil price has caused activity to drop, it has also served as a wake-up call to many African governments, which are working hard to pass favourable oil & gas legislation in order to attract investment into the.... Read more »

Posted on : Thursday , 6th August 2015