THE increase of duty on imported edible oil will increase the prices of cooking oil in Zambia, cross border traders in Lusaka have said.   In the 2015 Budget, the Government has proposed to increase the specific duty rate on refined edible oil to K2.20 per kilogramme from 85 ngwee per kilogramme to bring it the same as 25 per cent charged on imported refined edible oil.   But traders say instead of increasing the import duty.... Read more »

Posted on : Saturday , 22nd November 2014

    Angola-based Sonangol and Italy’s Eni have signed a cooperation agreement to develop gas resources in the southern African country   According to the agreement, Eni and Sonangol will set up a joint team to study the potential of gas present in the Lower Congo Basin located offshore Angola. The joint team will then analyse the different gas valorisation options in both the international and the domestic market where.... Read more »

Posted on : Friday , 21st November 2014

 Pipeline services specialist T.D. Williamson (TDW) has recently completed a gas valve upgrade project on a deepwater gas export pipeline offshore New Orleans in Gulf of Mexico with its SmartPlug tool TDW used its remote-controlled SmartPlug to isolate pressure in specific sections of pipelines and risers so that repairs or interventions can be carried out safely. Initially in 2012, TDW was required to isolate a 16-inch gas riser.... Read more »

Posted on : Friday , 21st November 2014

 UK-based oil and gas exploration firm Tullow has announced that it will start drilling for oil in the North Turkana Basin, located onshore Kenya TulloowTullow has also started to work on a series of basin opening wildcat wells in Kenya.  The company said that the result from the basin-testing well will be made public early 2015. In addition to the drilling activities, the firm expects to drill five more exploration wells across its.... Read more »

Posted on : Friday , 21st November 2014

 Nairobi — Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants, has launched a new fuel oil for manufacturers who use boilers in their operations.   The new fuel oil, which will be known as Shell FuelOil Plus is aimed at enabling manufacturers improve their boiler efficiency, lower their plant running and maintenance costs as well as lower their impact on the environment due to lower.... Read more »

Posted on : Thursday , 20th November 2014

HERITAGE Rukwa Tanzania is set to start drilling its first experimental oil well in Tanzania's Rukwa Rift Basin after successful completion of exploration in the area, the National Assembly was told on Tuesday.   Deputy Minister for Energy and Minerals, Mr Charles Kitwanga said this in Parliament on Tuesday when responding to a question by Mbozi West Member of Parliament, Mr David Silinde. "Oil drilling in Lake Rukwa is scheduled to.... Read more »

Posted on : Thursday , 20th November 2014

 IGPES Gas & Power is a subsidiary of IGPES Limited, a wholly owned Nigerian engineering services company. IGPES has an extensive footprint in the Nigerian oil and gas industry by providing integrated engineering, procurement and construction services across the energy value chain.   "Our new distribution and services agreement with GE gives IGPES access to a gas engine technology that is highly regarded within the global.... Read more »

Posted on : Thursday , 20th November 2014

 Ghana's state oil company can take over the much-smaller national gas firm under a deal approved by the government, Finance Minister Seth Terkper said on Wednesday during the annual budget. The deal will bring Ghana National Petroleum Corporation (GNPC) finance to a Ghana Gas pipeline and processing facility that transports gas from the offshore Jubilee oilfield onshore for domestic use, according to a senior GNPC official. The.... Read more »

Posted on : Thursday , 20th November 2014

 Changing the paradigm of continuous gas flaring which has ranked Nigeria as the second largest Gas flaring nation after Russia and Iraq to a country that earns more revenue from gas that surpasses income generated from oil production, was part of the resolution of experts and participants across Nigeria ,Africa and Europe who attended the 32nd edition of National Association of Petroleum Explorationists (NAPE ) held in Lagos over the week.... Read more »

Posted on : Wednesday , 19th November 2014

Toyota Tshusho Engineering Corporation will design and carry out a feasibility study for the construction of a crude pipeline between Hoima to the Kenyan coast after the company won the tender.   The company that signed the contract last week in Kampala submitted a design that would see the crude oil pipeline follow the Hoima-Lokichar-Lamu route in a project estimated to cost $4 billion.   Toyota Tshusho beat other companies.... Read more »

Posted on : Wednesday , 19th November 2014

 Reuters reported that GNPC is in talks with Dutch commodities trader Trafigura and banks for a US$700mn five-year loan at 4.43 per cent to fund its oil and gas projects. GNPC is state-owned and a major player in Ghana’s oil exports, but said its need to boost capital cannot be met entirely through public sources. “GNPC has to be prudent and build up capital for its growth. This is normal commercial practice. No serious.... Read more »

Posted on : Tuesday , 18th November 2014

 The Organisation of Petroleum Exporting Countries (OPEC), in its latest World Oil Outlook 2014, has stated that Nigeria has retained the top position in Africa in terms of holding the largest reserves of gas on the continent Nigeria, ranked ninth globally, follows Russia, Iran and Qatar on the list of countries having the largest reserves of gas. Algeria is ranked 10th and Egypt 17th. In addition, OPEC’s report has added that an.... Read more »

Posted on : Tuesday , 18th November 2014