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

Tembo 1 well plugged and abandoned after minimal success

[twitter-follow screen_name=’oilnewskenya’] After a number of delays Wentworth Resources has announced that drilling operations of the Tembo-1 well have now completed and with the well having reached to a total … Read More

Mozambique president meets with Eni executives to review progress

The President of Mozambique, Armando Emilio Guebuza on Wednesday met with Eni’s Chief Executive Officer, Claudio Descalzi, to review progress on the development of ongoing projects in the country. During … Read More

Kenya could beat Mozambique, Tanzania for Upstream Investment in East Africa – GlobalData Analyst

Kenya will need to focus on providing a competitive and stable fiscal environment if it is to fully exploit its offshore gas industry and attract investors ahead of Mozambique and … Read More

Mozambique opens 15 new blocks in Fifth License Round

The Institute of National Petroleum (INP) on behalf of the Government of the Republic of Mozambique has opened the competitive bidding round to explore for hydrocarbons in the offshore Rovuma, … Read More

Solo Oil receives $5 million debt facility to fund Tanzanian projects

[twitter-follow screen_name=’oilnewskenya’] Solo Oil Plc has announced that it has drawn down the first US$1 million of a US$5 million 3-year debt facility secured today, and has closed a Placing … Read More

Aminex increases Tanzanian discovery estimates to 1.9Tcf

Aminex has announced that following the Company’s newly acquired seismic in Tanzania  shows larger resources estimates than earlier anticipated. The new interpretation by Aminex over the Ntorya discovery in the Ruvuma PSA shows that … Read More

Mozambique to legislate on liquefaction of natural gas

[twitter-follow screen_name=’oilnewskenya’] Mozambique is in the process of legislating on the liquefaction of natural gas from the rich Rovuma basin Macauhub.com reports. The legislation is expected to provide guidance on … Read More