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 … Read More
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 … Read More
[twitter-follow screen_name=’oilnewskenya’] Wentworth Resources has announced that drilling operations have commenced on the Tembo-1 well in the Rovuma Onshore Concession in northern Mozambique. Wentworth has an 11.59 percent net interest in this … Read More
Igor Sechin, President and Chairman of the Management Board, Rosneft, Nelson Ocuane, President, Empresa Nacional Hidrocarbonetos De Moçambique (Mozambique National Oil Company, ENH) and Paulino Gregório, Director, ENH signed a … Read More
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 … Read More
LNG production in Tanzania and Mozambique along the East African coast is likely to face delays despite huge finds due to high cost of production, difficulty in access to financing … Read More
Australian explorer FAR Ltd has announced an equity raising placement which is expected to raise $8 million before expenses. The placement is being undertaken to fund further exploration in offshore … Read More
Madagascar Oil has announced it has determined that the Block 3104 Tsimiroro discovery is a ‘Commercial Discovery’, under the terms of the Production Sharing Contract between OMNIS and Madagascar Oil S.A. (‘PSC’). Declaration of … Read More
Power management company Eaton has said there is a opportunity for companies offering electrical solutions for oil and gas to make over $4 billion in the next decade from the … Read More
Anadarko Petroleum has reported a net loss of $2.669 billion largely driven by a contingent loss of $4 billion from the Tronox Adversary proceeding agreement. The sale of a portion … Read More
Oyster oil and gas will begin drilling in Djibouti and Madagascar in 2015 the first wells by the company since its formation in 2010. The company that has four … Read More