Kenya seeks to dominate in the supply of LPG by constructing the biggest import and storage gas facility in Mombasa and licensing more private companies to compete with Tanzania which has dominated the business for years in the region. The announcement to construct a 25,000 tonnes storage facility by the Kenya Pipeline Company (KPC) which will connect to the Sh42 billion new Kipevu Oil Terminal 2 (KOT) at the port of Mombasa comes few days.... Read more »

Posted on : Monday , 27th June 2022

Tanzania liquefied natural gas front has received a US$30 billion shot in the arm from large energy companies including Equinor and Exxon Mobil. â€¢ Tanzania has an estimated 57 trillion cubic feet of natural gas reserves â€¢ ExxonMobil, Equinor and Shell are among top 2 energy giants investing in Tanzania gas â€¢ Tanzania has secured a US$30 billion investment in its LNG project Tanzania's natural gas reserves have just.... Read more »

Posted on : Wednesday , 25th May 2022

Mtwara. The government is expected to sign initial agreements with exploration companies for the construction of a giant liquefied natural gas (LNG) plant before the end of May, the negotiation team has revealed. The team of experts is currently in negotiations with 5 oil and gas firms – Shell, Equinor, ExxonMobil, Pavilion and Ophir on the $30 billion (Sh70 trillion) project to be implemented in Lindi Region. The negotiations, which.... Read more »

Posted on : Wednesday , 25th May 2022

Scirocco Energy PLC (AIM:SCIR) said partner APT has set a target date of November 2022 to spud the Chikumbi-1 well at Ruvuma in Tanzania. Seismic data collection is underway with contracts for all long lead items for the well in place, the statement added.Scirocco has a 25% non-operated interest in the Ruvuma PSA. APT has already published a revised estimate of risked prospective gas in place for the Ntorya accumulation at Ruvuma of.... Read more »

Posted on : Thursday , 21st April 2022

Tanzania and Uganda are gearing up to become the region's oil economies with the latter signing a mega oil pipeline deal to transport Uganda's oil to its port of Dar es Salaam. The East African Community (EAC) is one of the fastest-growing economic blocs in the World. The pre-Covid-19 period saw the Economic Commission for Africa note that East Africa was actually the fastest growing economy compared to other regions on the.... Read more »

Posted on : Thursday , 21st April 2022

Kenya is just weeks away from announcing the discovery of new oil resources in the Lamu basin, bigger than what was found a decade ago in Turkana, in what could be a turning point for the country’s dreams of reaping petrodollars. Italian oil exploration company Eni — in partnership with France-based oil and gas company TotalEnergies and Qatar’s state-owned oil and gas firm Qatar Energy is racing to conclude a 5 kilometre exploratory.... Read more »

Posted on : Thursday , 17th March 2022

TANZANIA'S participation in the Dubai Expo 2020 has paid off as the country has attracted a number of international companies that have shown interest to invest in the oil and gas sector. Some of the areas that have attracted foreign companies include supply of natural gas, construction of the Compressed Natural Gas (CNG) stations, and construction of pipelines as well as participation in the oil and gas exploration. The Tanzania.... Read more »

Posted on : Thursday , 17th March 2022

Tanzania has already disbursed some $80 million (about Sh184 billion) as a part of its commitment in financing the East African Crude Oil Pipeline (EACOP), The Citizen has learnt. The director general of the Tanzania Petroleum Development Corporation (TPDC), Mr James Mataragio, said the parastatal oil company would have to pay a total of $308 million (about Sh708.4 billion) in the construction period covering the next 3 years. The.... Read more »

Posted on : Thursday , 24th February 2022

Tanzania is moving cautiously in its lucrative natural gas deals with no end in sight of the Host Government Agreement (HGA) negotiations, which resumed recently but are set to take longer than expected. Fresh discussions on the HGA over the multibillion-dollar project are being held in Arusha, northern Tanzania, after the negotiating teams finalised preliminary talks in November 2021. After being in limbo for nearly 2 years,.... Read more »

Posted on : Thursday , 17th February 2022

Kenya will double capacity of handling transit petroleum products starting this month from the current 35,000 tonnes as the Sh40 billion new Kipevu Oil Terminal in Mombasa is complete. President Uhuru Kenyatta is scheduled to inspect the facility accompanied by Chinese State Councilor and minister of Foreign Affairs Wang Yi and to conduct a dry run test. The new oil terminal, which is financed by Kenya Ports Authority (KPA) and.... Read more »

Posted on : Friday , 21st January 2022

The Chinese-built oil terminal at Kenya's Mombasa port is expected to be operational in July this year, Kenyan President Uhuru Kenyatta said on 6th January 2022. The construction of the 770-meter long offshore jetty, currently at 96% completion, was wholly funded by the Kenya Ports Authority and implemented by China Communications Construction Co., the presidential office said in a statement. The new jetty, the largest of its kind in.... Read more »

Posted on : Friday , 21st January 2022

Kipevu Oil Terminal (KOT) Project is a modern terminal being developed by Kenya Ports Authority in Mombasa, Coast, Kenya. The project's contractors include China Road and Bridge Corporation (EPC) and CCCC Fourth Harbor Engineering Co Ltd. The scheme's scope include 12.3 million cubic metres dredging work, the hydraulic wharf, the submarine and onshore oil pipeline processing and installation. The scheme was designed to greatly alleviate the.... Read more »

Posted on : Friday , 7th January 2022