SOMALIA: Coastline Exploration Signs Seven PSA’s Amid Rejection from President and PM

Coastline Exploration has signed seven Production Sharing Agreements (PSAs) covering offshore, deep-water blocks of the Federal Republic of Somalia. These PSAs enable Coastline to proceed with plans to explore for oil … Read More

UGANDA: Parliament Passes Mining and Minerals Bill, 2021

Parliament has passed the Mining and Minerals Bill, 2021 which will see the establishment of the Uganda National Mining Company which will manage the government’s commercial holding and participating interests … Read More

East Africa to Witness Increased Upstream Activity in 2022

The three countries Kenya, Uganda and Tanzania could see investments of over $13 billion in the upstream sector from ongoing exploration and entry in the development stage. This is according … Read More

TANZANIA: Acquisition of 3D Seismic Survey over Ruvuma PSA will Commence in 2 Weeks

Ruvuma PSA JV partner Aminex has provided an update to its planned 338km2 3D seismic survey  over the Ruvuma PSA • Seismic camp fully constructed, and the contractor Africa Geophysical … Read More

Uganda/ Tanzania: Launch of the $10 Billion Lake Albert Resources Development Project

During a ceremony held in Kampala, in the presence of  Yoweri Museveni, President of the Republic of Uganda, Philip Mpango, Vice-President of the United Republic of Tanzania, Patrick Pouyanné, Chairman … Read More

Uganda JV to announce EACOP, Kingfisher & Tilenga Projects Final Investment Decision

The joint venture partners in Uganda’s Tilenga and East Africa Crude Oil Projects Total Energies, CNOOC and state-owned UNOC are expected to announce reaching the final investment decision tomorrow two … Read More

RWANDA: TotalEnergies signs a MoU with Rwanda Development Board (RDB) to Deploy its Multi-energy Offer

During a visit to the country by Patrick Pouyanné, TotalEnergies and Rwanda Development Board, a Rwandan public institution responsible for accelerating Rwanda’s economic development, have signed a Memorandum of Understanding … Read More

Tullow Oil to Concentrate on it Producing Assets in 2022

2022 Outlook Group working interest oil production guidance is 55 to 61 kboepd. This forecast is based on Tullow’s existing equity interests in TEN (47.175%) and Jubilee (35.48%) and will … Read More