Africa Oil expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal. The company’s famously bullish CEO and president Keith Hill said the Island Innovator rig was 10 days out from arriving on location in South Africa. Block 2B, the site of the Gazania well, is in a rift basin where a previous well has found oil. “It’s.... Read more »

Posted on : Tuesday , 27th September 2022

PLANS are underway for Tanzania Petroleum Development Corporation (TPDC)'s subsidiary TANOIL to partner with an Omani conglomerate in oil and gas, Oman OQ to engage in retail business of petroleum products. This was revealed during a meeting between the Minister for Energy, Mr January Makamba, and the Ambassador of Oman in Tanzania, Mr Saud Hilal Al Shidhani. The 2 leaders also discussed partnership between TPDC and Oman OQ in whole.... Read more »

Posted on : Tuesday , 20th September 2022

ONGC Videsh and Indian Oil Corp. are in talks to amass a stake in Tullow Oil Plc's $3.4 billion venture in Kenya, in accordance with folks with data of the matter. The transaction's worth could also be between USD 2 billion and USD 3 billion, the folks stated, asking to not be recognized as a result of the talks are personal. The Indian state-backed firms will probably be joint operators of the venture after the deal, they stated..... Read more »

Posted on : Thursday , 25th August 2022

When it comes to oil and gas in Africa, there is plenty of potential to produce enough energy on the continent. Africa accounted for approximately 8%of the global oil output in year 2020. Similarly, at least 330 million metric tonnes of oil will be produced in Africa in 2020 (Statista). Global oil and gas players such as ExxonMobil, Shell, Equinor, and BP are pushing the continent forward. The energy sector in East Africa is rapidly.... Read more »

Posted on : Wednesday , 17th August 2022

Two Indian state-backed companies are in talks to acquire Tullow Oil's stake in Turkana oil projects in a deal estimated to breach Sh356.5 billion ($3 billion).This will mark one of the biggest deals in Kenya's history and offers a foreign government a stake in a venture that is seeking to develop infrastructure for oil production.Bloomberg news agency reported from India that ONGC Videsh and Indian Oil Corp may acquire the stake for between $2.... Read more »

Posted on : Wednesday , 3rd August 2022

State-owned National Oil Corp. of Kenya has signed a deal with Saudi oil giant Aramco to import fuel at lower prices than the global costs of crude, local media reported. This comes as part of the government’s efforts to lower pump prices in the African state, Business Daily reported.   As per the government-to-government deal, NOCK will import 30 % of Kenya’s monthly petroleum requirements from August. “We already.... Read more »

Posted on : Friday , 15th July 2022

Tanzania’s biggest gas dealer Taifa Gas has been licensed to set up gas plant and storage facilities at a site in Dongo Kundu near the port of Mombasa to supply LPG for domestic, commercial and industrial use. The company, owned by Tanzanian business magnate Rostam Aziz, is expected to bring healthy competition in the gas industry in Kenya given its lower prices. An impact assessment study report is expected this month, and the.... Read more »

Posted on : Friday , 15th July 2022

A request for a license to begin the construction of the East African Crude Oil Pipeline (EACOP) has been submitted to the government of Uganda by the company in charge of the project. According to Martin Tiffen, general manager of EACOP company they are ready to begin construction. The submitted application will be completed in 180 days, or before the end of the year, according to Honey Malinga, acting director of petroleum at the Ministry of.... Read more »

Posted on : Tuesday , 12th July 2022

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. • Tanzania has an estimated 57 trillion cubic feet of natural gas reserves • ExxonMobil, Equinor and Shell are among top 2 energy giants investing in Tanzania gas • 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