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Giant Shell Enters Tanzania Gas Industry as nation warms up for Billions in Capital Gains Tax

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The government of Tanzania is bracing itself to receive millions of dollars in capital gains tax following Shell’s acquisition of BG Group assets in Tanzania gas wells. The…

Uganda Must be Smart to profit from both Challenges and Opportunities of the Oil Sector—Expert

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By Silver Kayondo… Oil prices have plunged again after China and South Korea posted weak economic results, while fading prospects for a coordinated output cut by leading crude…

Organizer extends date for African Women in Oil and Gas Congress to August 8-9, 2016

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The Organizer of the African Women in Oil and gas congress, earlier slated for March 2-3, 2016 has announced extension of the event to August. The much awaited…

South Sudan and Khartoum to revise Crude Oil transit charges on prevailing prices—Official

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South Sudan has revised Oil transit charges with its neighbor Sudan on the basis of prevailing crude oil prices, Officials have said. In August 2013 South Sudan agreed…

South African giant Sasol gets approval to start Oil and gas field Development in Mozambique

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South African giant Sasol announced it has obtained approval from the Mozambique government to commence development of Oil and gas fields, the company has indicated in a latest…

Africa’s Major Oil producers Nigeria and Angola seek World Bank Financial support

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By Agencies… Nigeria and Angola, Africa’s two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening…

Tanzania: Major gas Operator announce termination of Farmout

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Tanzania gas operator Aminex PLC (Aminex) and Solo oil plc have announced that they are not proceeding with the earlier farm out deal Bowleven PLC . Solo Oil…

Tanzania in Final Pre-production well tests, expects first gas in mid-February 2016

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Tanzania’s Kiliwani North-1 gas well is undergoing final well integrity tests a head of the first gas production expected in the in mid February 2016, the operator company…

Oil and the environment: Nigeria President Promises to Clean Oil spills in Niger delta During Kenya Visit

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Nigerian President Muhammadu Buhari pledged to clean up Ogoniland and other parts of the Nation’s Oil rich Niger Delta, vastly damaged by frequent crude oil spills. Buhari made…

Here is Why India could be the new Oil Market Hope for Latest Africa Producers

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Data at the International Energy Agency (IEA) indicate that India will be (read is) the world’s largest oil market with consumption rate projected at 10 million bpd by 2040….