Posted in Top News

Tanzania’s Increases Recoverable Natural Gas Resources To 55Tcf

Tanzania has increased its estimated recoverable gas resources to 55.08 trillion cubic feet from the 53.2tcf estimate in October according…

Posted in Top News

Tanzania to spend $6 million to acquire Lindi’s LNG terminal land

The Tanzanian government has said it plans to spend $6 million in the fiscal year 2015/16 of acquire land for…

Posted in Top News

Exxon Mobil and Qatar Petroleum eye Anadarko’s Mozambique Assets

Rumors are rife that Exxon Mobil and Qatar Petroleum are eyeing Anadarko’s Mozambique  assets in what is set to become…

Posted in Elsewhere in Africa Top News

Nine Companies and Countries Commit to End the Practice of Routine Gas Flaring

Nine oil companies and nations including Royal Dutch Shell, Statoil, Norway and Gabon have committed, for the first time, to…

Posted in New Discoveries Top News

Statoil makes eighth natural gas discovery in Block 2 offshore Tanzania

Statoil has announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania encountering an…

Posted in Top News

Helge Lund takes over at BG Group

BG Group has announced that former Statoil CEO Helge Lund has taken over the helm at the Company as Chief…

Posted in Top News

Statoil confirms Eldar Sætre as CEO

[twitter-follow screen_name=’oilnewskenya’] Statoil has confirmed the appointment of Eldar Sætre  as new CEO after four months  as acting as president…

Posted in Top News

Eni ranked best in transparency of corporate reporting

Eni was ranked first in the world for transparency of corporate reporting according to an assessment by Transparency International which…

Posted in Top News

World’s first subsea wet gas compressor station set for installation in 2015

The world’s first subsea wet gas compressor station is now ready for the final testing at Horsøy before being prepared…

Posted in Top News

Helge Lund leaves Statoil for BG Group as Chief Executive

BG Group has today announces the appointment of Helge Lund as Chief Executive and as an Executive Director with effect…