OilNews

Pan African Energy Supplies Extra Gas To Tanzania in New Short Term Sales Agreement

Orca has announced that shortly before the year ended its Tanzania subsidiary Pan African Energy Tanzania Limited signed a short-term sales agreement with the Tanzania Petroleum Development Corporation (TPDC) and the Tanzania Electric Supply Company (TANESCO) for the immediate supply of gas to TANESCO of up to 35 million standard cubic feet per day. These …

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TPDC to Dominate Upstream Sector Activity in 2019

Tanzania’s National Oil Company Tanzania Petroleum Development Corporation (TPDC) is set to dominate activity in the upstream sector in the country with multiple seismic acquisitions set for 2019. This is according to the newly released Tanzania Upstream Sector Outlook for 2019 which points out environmental and social impact assessment as well as acquisition and processing …

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Mozambique Area 4 Co-Venture Parties Secure Offtake Commitments for the Rovuma LNG Project

Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project. Area 4 participants are ExxonMobil, Eni, the China National Petroleum Corporation, …

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New Kenya Upstream Outlook Shows Increased Activity By New Players in 2019

The just newly released Kenya Upstream Outlook for the year 2019 shows that most of the new seismic and drilling activity will be by new explorers with the Lamu basin just like in 2018 witnessing most of the drilling. According to a review on work programmes by the various licensed explorers in Kenya OilNews Kenya …

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GE Connects Financing & Turbine Technology to its Flagship Onshore Wind Project in Kipeto, Kenya

GE Renewable Energy and GE Energy Financial Services (GE EFS) have partnered to provide technology and facilitate debt financing for its flagship onshore wind project in Sub-Sahara Africa. Kipeto Energy Plc 100-megawatt (MW) wind power project is located south of Nairobi, in Kajiado, Kenya. GE Renewable Energy will provide 60 of its highly efficient GE 1.7-103 …

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African Petroleum Producers Organization (APPO) Secretary General Pushes Africa-wide Cooperation, Reforms to 18-Member Petroleum Producers’ Organization

The Secretary General of the African Petroleum Producers’ Organization (APPO) is calling for action on reforming Africa’s energy sector — including prioritizing intra-African trade, creating economic diversification through the energy sector and calling for increased cooperation among Africa’s oil producing and non-oil producing countries to strengthen Africa’s position on the global stage. “The instability of …

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Wentworth Resources to relinquish Tembo Block To Focus on Mnazi Bay Asset

Wentworth Resources has that it intends to relinquish the Tembo block with a planned effective date of 30 April 2019 ahead of the end of the current appraisal term on 15 June 2019 possibly after lacking a farm-in partner  to participate in the appraisal programme.. The Company will also exit Mozambique, closing its Maputo office and shutting down activities …

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Sakson Awarded Contract to Drill the Chikumbi-1 Well in Tanzania’s Ruvuma PSA

Aminex has advanced drilling and seismic programmes over the Ruvuma PSA acreage while it progresses satisfaction of conditions required to close out a farm-out agreement signed with the Zubair Group in early July 2018 according to its latest update. The Company has finalised the Chikumbi-1 executive drilling and completions programmes, has identified and selected the …

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Energy Tanzania Limited Invests in Swala Oil & Gas (Tanzania) plc

Swala Oil & Gas (Tanzania) plc has announced that it has entered into a definitive agreement for an initial investment of US$30 million from Energy Tanzania Limited (ETL). ETL is owned by Dr. Reginald Mengi, the well-known Tanzanian entrepreneur and philanthropist, and the funds will be used to develop the Company’s current projects. The investment, …

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