Africa's Oil, Gas and Energy News.
[twitter-follow screen_name=’oilnewskenya’] Statoil’s net income for the second quarter has surged to $1.94 billion from the previous $692 million in the same period of 2013 with earnings per share up … Read More
Original story by Reuters Two years ago Total’s chief Christophe de Margerie launched a “high risk, high reward” oil exploration strategy, betting he could hit a bonanza, even though his … Read More
Technip was awarded a new framework agreement by Statoil, Exxon Mobil and Gassco for diving, subsea intervention and repair contingency services. Under the terms of this framework agreement, a replacement … Read More
The Tanzania Petroleum development corporation (TPDC) has dismissed a leaked document that shows that the East African country will lose $1 billion annually under a production sharing agreement between TPDC, … Read More
[twitter-follow screen_name=’oilnewskenya’] The discovery in the Piri prospect is Statoil and co-venturer ExxonMobil’s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. The discovery of an additional … Read More
[twitter-follow screen_name=’oilnewskenya’] China National Offshore Oil Corporation (CNOOC) Statoil and ExxonMobil will have to wait and see who gets the offshore block 4/3A after the three companies submitted bids for … Read More
Tanzania’s natural gas find could reach 200 trillion cubic feet in the next 24 months as the country continues to receive positive results from the ongoing deep offshore exploration. According … Read More
Courtesy of Reuters Tanzania’s first planned liquefied natural gas (LNG) export terminal could be expanded after the project partners discovered more gas than expected, shareholder Ophir Energy said. East Africa, … Read More
All contracts held by oil and gas exploration companies in Tanzania will be reviewed at the end of the year as the country revamps laws regulating the sector that has … Read More
Statoil and co-venturer ExxonMobil have announced the results from their first drill stem test in the Tanzania Block 2 offshore discoveries. The data acquired is important to reduce technical uncertainties in a possible future Tanzania … Read More
