Oil Politics

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

Tata Petrodyne Farm-in behind Swala, Otto Energy dispute in Tanzania

A simmering dispute between two Australian companies Swala and Otto Energy in Tanzania could have emanated from a failed joint farm-down by Tata Petrodyne Limited. According to Swala Energy in it latest presentation to shareholders the two joint venture partners had earlier agreed on a joint farm-down by Tata Petrodyne Limited where it would get …

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Trump win brings potential for significant oil and gas policy effects, says GlobalData

Will Scargill, GlobalData’s Senior Oil & Gas Analyst covering Upstream Fiscal & Regulatory Regimes says: “Donald Trump’s election as the 45th President of the United States may have significant effects for the global oil and gas industry. The policy platform laid out during the campaign on both domestic issues and foreign affairs includes a number …

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Swala Energy Pushes Tanzania’s Kito 1 Drilling Pushed to 2017

Swala Oil & Gas (Tanzania) plc has announced that it will not be drilling the Kito-1 exploration well in the Kilosa-Kilombero licence during 2016 as originally envisaged in part because of the delays imposed by the timing of the necessary permits. Despite planning for the well proceeded within time and within budget through to the …

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Soma Oil & Gas Cleared in Somalia’s Corruption Case

The high court in London has cleared Soma Oil and Gas of corruption allegations brought forward by the serious fraud office over monies paid by the company to Somali officials as salaries for technical staff, office equipment and transport  which the company explained as payment for capacity building purposes. In its ruling the court observed …

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Lobbyists want Kenya’s Early Oil Project Scrutinized

The Kenya Civil Society Platform on Oil and Gas (KCSPOG) has questioned the overwhelming government backing of the early oil pilot scheme (EOPS) project a no profit making venture that could lead to losses of $29 million at current market prices as well as wasted resources in the upgrading of the refinery for storage expected …

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Mozambique President Sacks Energy Minister

Mozambique president Filipe Nyusi has sacked Energy Minister Pedro Couto who has headed the docket since January 2015 at a crucial time when the country is preparing to enter the development phase with various companies including Eni and Anadarko are expected to submit their final investment decision soon. Pedro Couto is a former deputy finance …

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Otto Energy pushes to Remove Swala Energy as Operator in Tanzania’s Kilosa-Kilombero License

Otto Energy Ltd through its wholly-owned subsidiary, Otto Energy (Tanzania) Pty Ltd, has said  it wants current operator Pangani and Kilosa-Kilombero licenses relieved off its role after defaulting in various cash calls. According to Otto Energy its subsidiary has issued various notices to Swala Oil and Gas (Tanzania) plc (SOGTP), pursuant to the Pangani and …

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Public hearings on Somalia Kenya Maritime Delimitation Case Set for September

The International Court of Justice (ICJ) will in mid-September commence public hearings in the case concerning Maritime Delimitation in the Indian Ocean (Somalia v. Kenya) with the focus solely on the preliminary objections raised by Kenya on 7 October 2015. Kenya while responding to an Application filed by the Federal Republic of Somalia on 28 …

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Kenya’s Annual Receipts Could Reach $3 Billion Annually Once Oil Price Rebounds

A discussion paper dubbed “Potential Government Revenues from Turkana Oil” released in April 2016 estimate that annual receipts to the Government of Kenya could range from $800 million to as much as $3 billion. The high earnings are at an estimated barrel price of $85 while the low estimates  are at $45/bbl. The amounts are …

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Kenya Uganda Presidents to agree on crude oil pipeline route in 2 weeks

Kenyan president Uhuru Kenyatta and his Ugandan counterpart Yoweri Museveni today met alongside with their technical teams to discuss the construction of the Uganda-Kenya oil pipeline that has for the past month hit headlines after Uganda and Tanzania agreed a route through Tanzania to the Tanga Port. According to a communiqué from the meeting signed …

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