For the past two decades, Africa has been seen as the new frontier of oil and gas exploration, with many of the world's largest oil and gas firms vying to buy properties in an as-yet untapped store of natural resources critical to our way of life.While the East African powerhouse of Kenya, Uganda, Rwanda, Burundi and Tanzania have since seen massive development in their oil and gas infrastructure, Ghana has emerged as an alternative destination.... Read more »

Posted on : Friday , 22nd October 2021

Tullow Oil returned with a first-half profit and a development plan for its Kenya operation on Wednesday, pushing shares in the Africa-focused company up as much as 9%.Tullow and its joint venture partners have finished the redesign of the Kenya development project, according to the business, which also stated that the project's total gross capex is estimated to be around $3.4 billion, which is higher than the prior estimate.The company which.... Read more »

Posted on : Friday , 22nd October 2021

Africa Oil and its JV partners (Tullow Oil and Total Energies) have completed the redesign of Project Oil Kenya over the last year to guarantee that it is technically, financially, and environmentally sound. With a projected gross oil recovery of 585 million barrels of oil ("MMbbl") during the life of the field1, a higher oil production plateau of 120,000 barrels per day is now planned. This resource position has been audited by external.... Read more »

Posted on : Thursday , 16th September 2021

The eyes of international oil and gas investors are becoming increasingly fixed on Africa as an area of development, and on the East Africa region in particular – with good reason.“It’s no secret that the East African oil and gas sector has recently benefited from substantial FDI,” says Paul Sinclair, Vice President of Energy at Africa Oil Week (AOW). “These regional investments have reignited global appetite for East Africa, and.... Read more »

Posted on : Monday , 6th September 2021

More relevant courses have been added to the Dar es Salaam Maritime Institute (DMI) with the goal of nurturing oil and gas experts to take advantage of the country's significant gas finds in the country's southern areas.This was said by DMI tutorial assistant Captain Haruna Ally, according to the Daily News. The idea, according to Ally, is to train local specialists to extract gas rather than relying on foreign oil and gas experts.Furthermore,.... Read more »

Posted on : Thursday , 19th August 2021

Kenya's energy sector is expected to undergo huge changes following the opening of the country's second Luban Workshop at Taita-Taveta University, which will concentrate in petroleum and petrochemical engineering.This new venture is part of a long-term cooperative goal to establish a technical workforce to help the country better utilise the Blue Economy's potential.Ambassador Simon Nabukwesi, Principal Secretary for University Education and.... Read more »

Posted on : Tuesday , 17th August 2021

Kenya and Tanzania, after years of tense relations, have inked a multibillion-dollar gas pipeline agreement.Tanzanian President Samia Suluhu visited Kenya for the first time to sign the agreement, at the invitation of Kenyan counterpart Uhuru Kenyatta. “We are friends in East Africa. Kenya leads in investments in my country Tanzania, and has invested in 513 projects worth $1.7 billion, providing employment to 51,000 Tanzanians,” Suluhu.... Read more »

Posted on : Thursday , 15th July 2021

ARA Petroleum Tanzania Limited (APT), which has assumed operatorship of the Ruvuma PSA, has finalised the farm-out deal with Aminex.Aminex is carried for its portion of associated field development expenditures up to US$35 million, equating to a gross development expenditure of US$140 million, under the farm-out agreement.The joint venture partners believe that obtaining a high-resolution 3D seismic survey is critical to the creation of the.... Read more »

Posted on : Thursday , 15th July 2021

Kenya has secured US $13m for the construction of the Mombasa liquefied petroleum gas (LPG) import and storage terminal project The funds was injected by the International Finance Corporation (IFC)– World Bank private financing arm. Mombasa Gas Terminal (MGT) Managing Director Eng. Julius Riungu confirmed the report and said the funding paves way for the completion of the project’s first phase “We embarked on the Mombasa Gas.... Read more »

Posted on : Thursday , 17th June 2021

Mombasa Gas Terminal Limited (MGT) has received a Sh2.5 billion loan from the World Bank's private lending arm to build a liquefied petroleum gas terminal in Mombasa's port.The International Finance Corporation announced the money on June 2 after the company received regulatory approval from the national and county governments to start building."The second phase will complete the storage capacity to 22,000 metric tonnes or more with annual.... Read more »

Posted on : Tuesday , 15th June 2021

Tanzania plans to begin the construction of a delayed $30 billion liquefied natural gas project in 2023, following the resumption of talks with companies including Equinor ASA.Construction is expected to take about five years, Energy Minister Medard Kalemani told lawmakers last week.The project gained momentum after President Samia Suluhu Hassan took office in March, and directed her administration to fast-track delayed investments. Plans.... Read more »

Posted on : Thursday , 10th June 2021

The second set of 1500hp geothermal drilling rigs developed and produced independently by Shandong Kerui Petroleum & Gas Equipment Co., Ltd. was successfully delivered to the Aruto Langano geothermal power station in central Ethiopia recently.It is the greatest investment in the geothermal energy industry, as well as a national project with enormous strategic significance funded by the World Bank, since it is the first 50D mating drilling.... Read more »

Posted on : Wednesday , 19th May 2021