Africa's Oil, Gas and Energy News.
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
Tanzanian insurance companies have grouped to create an oil and gas insurance pool that will enable the companies to support claims in the sector. The pool according to the players … Read More
The Tanzanian Petroleum Development Corporation (TPDC) and The Mozambique National Petroleum Institute (INP have signed a memorandum of understanding that will enable both eastern African countries partner in issues related … Read More
Story by lexology.com How much gas? Vast amounts. Mozambique alone is estimated to have gas reserves of up to 150 trillion cubic feet (TCF) and Tanzania potentially as much as 50 … 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
Swala oil and gas Tanzania will establish a trust fund that will be used to collect proceeds from sales in oil and gas for communities in areas where extraction is … Read More
Source: Reuters Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa’s oil and gas industry as majors ditch riskier projects as margins … Read More
LNG production in Tanzania and Mozambique along the East African coast is likely to face delays despite huge finds due to high cost of production, difficulty in access to financing … Read More
Australian explorer FAR Ltd has announced an equity raising placement which is expected to raise $8 million before expenses. The placement is being undertaken to fund further exploration in offshore … Read More
The Kenya, Uganda, South Sudan oil pipeline consultancy bid advertisement is expected to be out in the next two to three weeks according to Kenya’s ministry of energy. The pipeline … Read More
