Oil Politics

As an investor learn the politics in areas you would like to inject resources into

Presidents of Chad, Uganda and Senior Minister implicated in Chinese Energy Firm bribing scandal

U.S. Attorney’s Office in the Southern District of New York has said it has charged Chi Ping Patrick Ho aka “Patrick C.P. Ho,” and Cheikh Gadio (the former Foreign Minister of Senegal) with participating in a multi-year, multimillion-dollar scheme to bribe high-level officials in Chad and Uganda in exchange for business advantages for a Chinese …

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Lobby Group Raises Alarm Over Pate 2 well Drilling in Lamu

The Kenya Oil and Gas working group (KOGWG) has written to the national environmental management agency (NEMA) asking for more caution as Zarara Oil and Gas prepares to drill the Pate 2 well in Block L4 terming the area as both environmentally and socially sensitive according to the report  acquired by OilNews Kenya. According to …

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Otto Energy, Swala Oil And Gas Agree On Tanzania Disputes

Otto Energy and Swala Oil and Gas (Tanzania) Plc have announced that they have entered into settlement and other commercial arrangements in respect of the various claims and disputes concerning both the Pangani and Kilosa-Kilombero Licences, onshore Tanzania. Under the settlement of the claims and counter-claims concerning the Pangani Licence, including the claims made before …

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One Month of EOPS Crude Oil Already Stored in Lokichar – Source

Days ahead of the much anticipated trucking of crude oil to the Kenya Petroleum Refineries in Changamwe Mombasa OilNews Kenya can now reveal that over 75,000 barrels are in storage as per the April tank dippings’. According to the source the crude oil in storage include approximately 38,450 barrels from the Ngamia field and approximately …

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Drilling Commences at Emekuya Well in Kenya’s Block 13T

The Emekuya exploration well targeting the north-eastern flank of the Etom Complex has spud according to the latest update from JV partner Africa Oil. The well is among three additional prospects by the joint venture after completion of the earlier proposed wells including Erut 1, Amosing 6 and Ngamia 10 all of which have been …

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Swala Oil & Gas Granted Extension Of Tanzania’s Kilosa-Kilombero Licence

Swala Oil & Gas (Tanzania) plc has announced that it has been awarded an extension to the Kilosa-Kilombero licence by the Ministry of Energy and Minerals. This extension runs to the 20th February 2018 and is to be deducted from the First Extension Period (as that is defined in the Production Sharing Agreement. TPDC has …

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Swala Oil & Gas Hints 12 month License Extension in Tanzania’s Kilosa Kilombero

Swala Oil & Gas (Tanzania) plc has announced that it has received a 12 month extension from the Ministry of Energy and Mines at the Kilosa Kilombero license although with a caveat that the contractors provide financial guarantees covering the minimum well commitment before it extended the Production Sharing Agreement (“PSA”). These guarantees, required under …

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Swala Energy Exits Kenya’s Block 12B

There is uncertainty on whether Australian firm Swala Energy which held 50 percent equity in Kenya’s block 12B has relinquished its share with the Tullow Oil website indicating that the operator now holds 100 percent equity. Swala’s Tanzania subsidiary that remains the only functioning website by the Australian explorer shows no Kenyan acreage in its assets category …

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Uganda awarded Officials, Lawyers $1.65M After winning Heritage Oil Tax Dispute

A new expose by Ugandan Daily Chimp Reports newspaper has revealed that 39 government officials were awarded cash bonanzas equaling Ush6 billion (equivalent $1.65M) after winning the protracted Heritage/Tullow oil Capital Gains Tax (CGT) case. In the case, where the Uganda Revenue Authority (URA) was fighting to have Heritage oil pay $405M in capital gains tax …

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Swala Energy JV Partners Risk Losing Kilosa-Kilombero in Tanzania

Kilosa-Kilombero block operator Swala and joint venture partners Otto Energy, Tata Petrodyne and MV Upstream are in the risk of losing their license with every indication they are likely to meet their commitment obligations following their ongoing dispute and court case in the Australian high court. The partners had earlier received a one year extension …

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