Solo Oil plc said has successfully completed discussions with the Tanzanian Petroleum Development Corporation (‘TPDC’) to extend operation licence for Mitwara licence of the Ruvuma Production Sharing Agreement (‘Ruvuma PSA’). The licence was due to expire late December 2016. A one-year extension has been approved by TPDC and is thus awaiting ministerial approval. The UK
An essay on snark, literary critique, and hipster douchebags
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Is the Oil and Gas Sector Sufficient by itself to diversify Uganda’s economy?
By Christina Malmberg Calvo Uganda is striving to achieve middle income status by 2040, and a lot of optimism and hope is riding on the 6.5 billion barrels of crude oil in the Lake Albert basin. Many natural resource countries, however, have not fared well, and are struggling with inflationary pressures that affect competiveness, unsustainable
Kenya and Ethiopia Agree to Commence Development of Joint Crude Oil Pipeline
Kenya and Ethiopia have signed a deal for an oil pipeline that will run from Addis Ababa to the port of Lamu under the The Lamu Port Southern Sudan-Ethiopia Transport (Lapsset) project. Kenya President Uhuru Kenyatta and Ethiopian Prime Minister Hailemariam Desalegn signed the pact during bilateral talks at State House, Nairobi. At a joint
Angola Announce Discovery of New Oil and Natural gas Well, Find totals to 813 million barrels of oil equivalent
Angola’s state-run oil giant Sonangol, recently taken over by the president’s daughter, has announced a gas discovery in the offshore Kwanza Basin that could hold 813 million barrels of oil equivalent, news agencies report. The discovery is in Block 20/11 and BP Plc holds an interest in this block along with the Angolan state company.
Inside the Tanzania Oil and Gas Sector: Roles and Key Regulatory Institutions of Uganda’s Major Oil Partner State
When delivering a keynote address at the Second Oil and Gas Conference 2013, on “Planning for Oil and Gas Industry for Rapid Socio-economic Development” the former Executive Secretary of Tanzania’s President’s Office, Planning Commission, and Current for Finance and Planning, Dr Philip Mpango said regulating of production as well as revenue flows from oil and
With the Road Option, Kenya expects Revenue from its oil by June 2017
Reports from Kenya indicate that the nation will reap its inaugural oil proceeds by mid-2017 despite the underlying challenge of routing to the sea port. Kenya’s Deputy Chief of Staff Nzioka Waita told local media in Nairobi last week that crude will be delivered to the port by via roads and railway as the nation
Minerals State Minister Peter Lokeris Says Uganda will Issue Production Licences to Tullow and Total Late June
By end of June, Uganda will have issued production Licences to industrial players Tullow Oil and Total E&P Uganda, State Minister for Minerals Peter Lokeris said. Speaking to the media during a dialogue organised by Advocates Coalition for Development and Environment (ACODE), Lokeris said the country took long to issue production licenses because there was
Global Oil Industry Analysts Goldman Sachs say Disruptions Like Nigeria Pipeline attacks Will resurrect Prices
Oil prices have been kept at low levels largely due to the glut in global supply. While low prices have been bad news for the industry and the oil-driven economies, producers have been reluctant to cut back for fear of losing market share. In the absence of voluntary production cuts, Goldman Sachs analysts say unplanned
Tanzanian Officials in Meeting with Oil Giants Royal Dutch Shell, Statoil, Exxon Mobil, and Ophir Energy over Natural Gas Plant deal
Tanzania said it is meeting executive officials from giants Royal Dutch Shell, Statoil, Exxon Mobil, and Ophir Energy to commence negotiations on basic understanding of hosting government agreement for the new gas plant. Construction of Liquefied Natural Gas plant in East Africa’s biggest holder of natural gas reserves after Mozambique is yet to be decided.