LNG from East Africa – how the odds are stacked.

Story by lexology.com How much gas? Vast amounts. Mozambique alone is estimated to have gas reserves of up to 150 trillion cubic feet  (TCF) and Tanzania potentially as much as 50 TCF (Petroleum-Economist). But in a global economy  where commodity pric

Citi warns Tullow Oil’s debt build-up could delay production.

Source: Business Daily London Stock Exchange-listed Tullow which has discovered oil in Turkana County should sell part of its stake to raise money for production, analysts at Citigroup Global Markets say in their latest report. The analysts caution that d

Smaller firms will lead East Africa’s oil and gas development.

Source: Reuters Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa’s oil and gas industry as majors ditch riskier projects as margins fall, executives from several oil and gas firms said on

Ophir Energy in bid to buy Premier Oil.

Source: The Sunday Times Ophir Energy is said to have approached Premier Oil with two secret bids to create a 5 billion combined oil exploration group, The Sunday Times reports citing an unnamed source. Premier Oil’s board is however said to have turned

Museveni, Uhuru, Kagame Talk Oil.

Story by RedPepper Ugandan President Yoweri Museveni, Kenya’s Uhuru Kenyatta and Rwandan President Paul Kagame last night held private talks in the capital Kigali over what sources say, was oil in Uganda. Museveni arrived in Kigali Sunday evening to a g

OVL may raise USD 500-700 m to fund Mozambique acquisition.

Story by Moneycontrol.com ONGC Videsh Ltd plans to raise USD 500-700 million loan by pledging future crude oil production from its overseas assets, to fund the acquisition of a Mozambique gas field. OVL, the overseas arm of the state explorer  Oil and Na

BG Group offers Oil, Gas scholarships in Tanzania.

Story by Tanzania daily News The number of oil and gas experts in Tanzania is set to increase following an offer of 20 scholarships by British multinational BG Gas for higher education students at the prestigious Robert Gordon University (RGU) in Aberdeen

Total Uganda Warns On Labour Crisis In Oil Industry.

Story by Chimpreports As Uganda counts months to the projected first oil year, one of the oil companies, Total Uganda, has forewarned of a possible work force crisis, especially in the vocational area. Total Uganda said while much emphasis was being place

Special training in offing for oil, gas stakeholders in Tanzania.

Story by Tanzania Daily News Oil and gas stakeholders in the country will soon benefit from a special course organised by the MDT International Company, in collaboration with Calderbag International Energy Corporation. Speaking to reporters in Dar es Sala

Tanzania’s LNG export terminal could be expanded.

Courtesy of Reuters Tanzania’s first planned liquefied natural gas (LNG) export terminal could be expanded after the project partners discovered more gas than expected, shareholder Ophir Energy said. East Africa, tipped to become one of the next big