Equinor Declares Impairment at Tanzania LNG Project
Equinor has announced that it has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by 982million USD. This will be … Read More
Tag: Tanzania
What happens to the African Energy Industry if Western Lenders cut off Loans for Fossil Fuel Projects?
By NJ Ayuk A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil fuels. Specifically, it said … Read More
TANZANIA: ARA Petroleum to Commence Contracting & Procurement Ahead of Ntorya Gas Discovery 3D Seismic Programme
APT has notified the joint venture that it intends to commence immediately with the contracting and procurement of services and equipment to execute a 3D seismic programme over the Ntorya … Read More
Uganda: African Development Bank grants $500,000 for capacity development of MSMEs Within the Petroleum Sector
The African Development Bank and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the … Read More
TANZANIA: Aminex, ARA Petroleum Complete Ruvuma Farm-out
Aminex has announced the Completion of the Ruvuma Farm-Out. The Company, through its wholly owned subsidiary, Ndovu Resources Limited, has transferred a 50% interest in, and operatorship of, the Ruvuma … Read More
TANZANIA: Aminex Receives Government Approval For Ruvuma Farm-Out
Aminexhas announcde that its wholly owned subsidiary, Ndovu Resources Limited, has received approval from the Tanzanian Government for the transfer of a 50% interest in, and operatorship of, the Ruvuma … Read More
OPEC Fund approves US$20m for SMEs in East Africa
The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million term loan in favor of East African Development Bank (EADB). EADB will use the loan to … Read More
TANZANIA: Heavy Rain, COVID-19 See Less Demand for Natural Gas H1 2020
There was marginal decline in industrial demand due to weakened activity as a result of COVID-19 as well as heavy rain that resulted more reliance of hydro-power generated electricity in … Read More
East African Countries Submit 17 Expressions of Interest for the 6th GRMF Application Round
The AUC has acknowledged that on 29 July 2020 seventeen (17) Expressions of Interest (EoI) for the Geothermal Risk Mitigation Facility’s 6th Application Round were received on time and were accepted … Read More
TANZANIA: Orca Energy Provides Operational Update
Orca has reported that on August 3, 2020 signed a contract with China Petroleum and Technology Development Company (CPTDC) for the design, supply, installation and commissioning of natural gas compressors … Read More