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

Wentworth Resources commences drilling at Mozambique’s Tembo-1 well

[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

Rosneft and Mozambique’s ENH sign Memorandum of Understanding

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

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 … Read More

East Africa LNG projects likely to face delays

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

Madagascar Oil Declares Block 3104 Tsimiroro commercially viable

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

Eaton sees $4 billion opportunity in Tanzania’s and Mozambique’s LNG facilities

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

Mozambique sell helps cushion Anadarko from bigger losses

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 to start drilling in Djibouti and Madagascar in 2015

  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