Driving Deal-Making in Mozambique Post-COVID
Mozambique defied global investment flows by reporting a rise in deal activity in 2020. Now, the country seeks to engage local service providers to supply goods and services to gas … Read More
Category: Eastern Africa
East Africa or Eastern Africa is the eastern region of the African continent, variably defined by geography. The countries include: Burundi, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Somalia, South Sudan, Sudan, Tanzania, Uganda
Maximum Wholesale and Retail Prices in Kenya for the Period 15th Feb – 14th March 2021
Taking into account the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol, Diesel and … Read More
DJIBOUTI: KenGen Clinches Multi-well Geothermal drilling Programme Contract
Kenya Electricity Generating Company (KenGen) PLC has won yet another international contract to drill three geothermal wells in Djibouti. The company today signed a Ksh 709,822, 630 (USD 6,452,933) contract … Read More
African Development Bank, Mozambique LNG Area 1 Project win Multilateral Deal of the Year Award for Global Syndicated Finance
The Mozambique Liquefied Natural Gas (LNG) Area 1 Project and the African Development Bank have jointly received the prestigious Global Multilateral Deal of the Year 2020 award by the print … Read More
New Tanzania Outlook Foresees Continued Activity Both Onshore & Offshore in 2021
The Tanzania Upstream Sector Activity Outlook 2021-2022 provides an insight into the expected activities in the upstream sector over the next 12 months based on company presentations, press releases, filings, emails as … Read More
TANZANIA: Orca Energy Group Provides Operating Results for 2020
Average sales volumes for the year ended December 31, 2020 decreased 8.6% to 57.7 million standard cubic feet per day (MMcfd) compared to 63.1 MMcfd for the year ended December … Read More
TANZANIA: Wentworth Resources Provides Operational Update and Reserves Update
Highlights · To date, there have been zero reported cases of COVID-19 at Mnazi Bay. Employee safety remains a top priority and robust precautionary measures remain in place · Wentworth’s share of gross … Read More
Equinor Declares Impairment at Tanzania LNG Project
Equinor has announced that it has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by 982million USD. This will be … Read More
Tullow Oil Provides 2020 Performance & 2021 Outlook
2020 Performance · The impact of COVID-19 has been managed effectively across the Group with negligible impact on production. · Group working interest oil production averaged 74,900 bopd in 2020, … Read More
Kenya Upstream Sector Activity to Remain Dismal Unless Government Renews or Extends Expired Licenses
The Kenya upstream sector will continue to witness a depressed environment with most planned activities unlikely to continue after multiple drill ready prospects in various licenses remain unattended after expiry … Read More
