Ophir contemplates $1.3bn Tanzania offshore blocks sale to Pavilion

Story by: The East African – Shareholders of oil and gas explorer Ophir Energy will in the next two weeks in London vote on whether the company should sell a 20 per cent stake in three key blocks off the shore of Tanzania to Singapore based Pavilion Energy. The London Stock Exchange (LSE) listed company …

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Placing Economic Value on Africa’s Natural Resources – UNEP

African Ministers and Experts Spotlight Efforts to Incorporate Natural Wealth Accounting in Development Planning. Wealth accounting and the valuation of ecosystem services are critical to Africa’s future growth, as the continent undergoes unprecedented development. Projections point, for example, to broad-based acceleration in growth in Sub-Saharan Africa to around 5.5 per cent in 2013-2014, reflecting robust …

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Turkana elders want Kenyan government to subdivide oil land

Story by: Daily Nation – Clan leaders in Turkana want the government to subdivide land in an area where a British company is exploring for oil. The residents argue that this will avert land disputes in the region, which has seen an influx of land buyers after Tullow Oil announced it had discovered the black …

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Uganda to receive $100 Billion From Oil

Story by: East Africa Business Week Uganda will earn close to $100 billion as its potential share of oil resources, a Tullow Uganda Country Report released last week shows.The Country Report indicates that once production begins, the government’s potential share will be $50 billion representing about 80% of the oil revenues after exploration costs are …

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Shell floats hull for world’s largest floating facility

The 488-metre-long hull of Shell’s Prelude floating liquefied natural gas (FLNG) facility has been floated out of the dry dock at the Samsung Heavy Industries (SHI) yard in Geoje, South Korea, where the facility is currently under construction. Once complete, Prelude FLNG will be the largest floating facility ever built. It will unlock new energy …

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Mozambique to start commercial oil production in 2014

Story by OilreviewAfrica Sasol Petroleum International has announced that Mozambique’s first commercial production and sale of crude oil will commence in 2014 from an inland oilfield at Inhassoro The African explorer has already conducted extended well testing on the Inhassoro oil rim and produced over 236,000 barrels of light oil until the end of March …

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Kenya asked not to brush aside oil marketers’ storage claims

Story courtesy of The Standard The debate pitting marketers against the ministry of Energy and Petroleum and Kenya Pipeline Company is not healthy. Worse, the country risks paying a heavy price in the event that the oil marketers are right in their assertions that dozens of speculators have invaded the petroleum market, taking up much …

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ETDEWEB goes global

Source: http://www.etde.org Access to the ETDE World Energy Base (ETDEWEB) database is now open globally. The countries involved in the ETDE international energy information exchange agreement recognize the value of information sharing to the advancement of energy science and a sustainable future for our world. Now, anyone with internet access can freely access ETDEWEB content. This is a significant policy …

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2014 Africa Assembly set for June in Paris, France

24th of June, 2014-25th of June, 2014InterContinental Le Grand, Paris, France The Oil Council’s Africa Assembly is one of the most ground breaking oil and gas seminars on the continent, uniting over 800 oil and gas leaders from across the continent’s upstream, midstream, banking, investment, legal and petroleum services sectors. The meeting, the largest Africa O&G event …

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Vanoil Says It May Accept Other Explorers in Rwanda Oil Search

By Bloomberg Vanoil Energy Ltd. (VEL) is discussing with the Rwandan government the option of allowing other companies to help explore the country’s East Kivu Graben Basin as they seek to end a dispute over exploration rights. “It is possible that a settlement or an agreement between the parties might allow other companies to come in, …

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