Mozambique again extends block bidding round to June 2015
The government of Mozambique has for another time extended the block bidding round to June 30th 2015 from the earlier set date of April 30th according to the government. The … Read More
Tag: LNG
ONGC Videsh and Rovuma Area-1 block partners to invest $6B in Mozambique
India’s oil minister Dharmendra Pradhan on return from a trip to Mozambique has announced that Oil India Ltd (OIL), its overseas subsidiary of Oil and Natural Gas Corp (ONGC) and … Read More
Oil & Gas explorers need to rethink their capex on exploration activity in Africa – PWC
Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to … Read More
Mozambique’s extractive sector revenue triple boosted by capital gains tax
[twitter-follow screen_name=’oilnewskenya’] Revenue from the extractive sector in Mozambique hit almost $400 million in 2012 thanks to the introduction of capital gains tax in the country according to a new … Read More
Mozambique could join Australia, Qatar in league of world’s largest Gas producers
Mozambique could become the third world’s largest Gas producer after Australia and Qatar should it secure the needed foreign investment in the range of $20Bn to $25Bn according to a … Read More
BG Group agrees sale and charter of LNG vessels
[twitter-follow screen_name=’oilnewskenya’] BG Group has entered into an agreement with GasLog Ltd for them to acquire two modern tri-fuel diesel electric (TFDE) LNG carriers for proceeds of $460 million. BG … Read More
Security companies reap from LNG exploration in Tanzania
[twitter-follow screen_name=’oilnewskenya’] BG Group has contracted pan-African security provider Warrior Security Company to secure its sites in Tanzania, in a partnership that has seen the 3500-strong security company extend its … Read More
Horizons 2015: What to look for in the year ahead
[twitter-follow screen_name=’oilnewskenya’] Source: Wood Mackenzie Macroeconomics: Asia’s consumers are key “The rate at which China’s economy rebalances away from investment and towards consumption will determine long-term trends in energy demand,” Cynthia Lim, … Read More
ExxonMobil’s outlook for energy sees global demand fuelled by increase in consumption by developing nations
Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 percent increase in energy demand … Read More
Ophir Energy discovers 1.03TCF of gas in Tanzania’s Kamba and Fulusi prospects
Ophir Energy has announced Kamba-1 well in Block 4 has resulted in gas discoveries of 1.03TCF in the Kamba and Fulusi prospects. The well was drilled by the Deepsea Metro … Read More