By Camillo Atampugre, Vice President for Oil and Gas Baclays Bank… The number and calibre of delegates set to attend the Africa Oil Week conference in Cape Town next week clearly show that the sector is top of mind for many on the continent and around the world. Africa’s potential for further oil and gas
About EnvironServ, the first Oil waste treatment Plant in Uganda Oil Sector
EnviroServ is a South African based Company, with over three decade experience in providing responsible waste solutions to industrial and commercial clients including Oil and gas and mining companies. The company which operates permitted hazardous waste disposal sites and incineration facilities and offers expertise in analysis, classification, planning and control of hazardous waste treatment and
Analysis: How The Oil Price Crash Will Make Markets More Efficient
By Michael McDonald. Oilprice.com BP CEO Bob Dudley recently came out making an interesting point regarding the silver lining from the fall in oil prices. Dudley notes that as a result of low oil prices, subsidies have been cut on many petroleum products around the world. This is important in that it creates a more
Watchdog group ‘Global Witness’ Says Four African countries lost $4 billion in dubious Oil deals
A latest report from watchdog organisation Global Witness titled “How to Loose $4 billion” details how four Africa Oil producers have lost huge sums of money from dubious oil dealings. The report which advocates for transparency in Extractives’ management highlights case studies from Nigeria, Angola, Congo Brazzaville and Democratic Republic of Congo, in which enormous
Iran Oil Minister ask OPEC Countries to cut crude Production to save falling prices
OPEC member states should cut crude output to boost prices to a range of $70 to $80 a barrel, Iran’s Oil Minister Bijan Namdar Zanganeh said. “No one is happy” with prices at current levels, Zanganeh told reporters in Tehran. “OPEC should decide to manage the market by reducing the level of production.” Even so,
Tanzania Injects $1.33 billion into natural gas pipeline to curb domestic Power Shortage
Tanzania initiated a $1.33 billion project to pipe natural gas to its commercial capital, Dar es Salaam, and help relieve chronic power shortages in the city, the president’s office aid in a statement on Sunday. The 532 km (330 mile) Mtwara-Dar es Salaam pipeline and gas processing plants, largely financed by a Chinese loan, is
Nigerian President Muhammadu Buhari to Leave Oil Minister Post Vacant as way of Clearing Corruption
Nigerian President Muhammadu Buhari, in his bid to clear corruption in the Oil sector will leave the Petroleum Ministry vacant and under his close supervision, an official said. Femi Adesina, the spokesperson of ‘Buhari administration’ said the ‘strict president’ will not nominate a candidate for the post of petroleum Minister in Africa’s biggest oil producer.
Uganda enters deal with Tanzania to Construct Crude Oil Export Pipeline
The government of Uganda has entered a memorandum of Understanding (MOU) with Tanzania to commence studies on an alternative Crude oil export Pipeline from Hoima to Tanga Port In Tanzania than the one earlier announced. This MOU undermines earlier settlements between Uganda and Kenya on 1,380-kilometre route from Oil rich Albertine graben through Lokichar basin
‘Super Majors’ warn Nigeria against plan to review Commercial Oil Contracts
By Agencies… Western oil executives have warned Nigeria against sweeping changes to commercial contracts that could lead to the government taking a bigger share of revenues from the country’s vast deepwater fields. As Africa’s leading crude producer begins a clean-up of the industry that is its economic lifeblood, the state-owned Nigerian National Petroleum Corporation has
German Organisation ‘Friedrich-Ebert Stiftung’ create database for Tanzania Oil and gas sector
KAMPALA German Organization Friedrich-Ebert Stiftung (FES) launched a database to provide regular informative updates about the Tanzania Oil and gas industry. Named Tanzania Oil and Gas Almanac, the portal will serve online and in print. It is also available both in English and Kiswahili. Speaking at the launch last week, FES Resident Director in Tanzania