A Paris based team of oil experts arrived in Tanzania last week to discuss proposed new developments on Uganda-Tanzania oil Pipeline project. According to state owned Daily News, the team which departed from the country met with Tanzania’s officials to deliberate on the tax modalities and benefits for the hosting country in the pipeline deal.
Uganda Issues Oil Production Licences to Tullow and Total
Uganda Ministry of Energy and Mineral Development issued eight oil production licences to lead oil industry players Tullow and Total, ending years of deadlock. The two now join their Chinese partner China National Offshore Oil Company (CNOOC) which received its production licence in September 2013. The Licences are for Exploration Area 1 (EA1) and Exploration
Tullow Oil Confirms Will Start Commercial Production In Kenya in June 2017
A statement from Kenya Presidency says Tullow Oil has confirmed will start commercial Oil production in June 2017 following President Uhuru Kenyatta’s directive to expedite exportation of Kenya’s first commercially viable oil. While briefing President Kenyatta at State House, Nairobi Tullow Oil Chief Operating Officer, Paul McDade, said his company has made good progress and
Reports indicate Kenya Earned Over 500 Million in Revenues from Oil Exploration in 2015
Documents from the office of Kenya Auditor-General show that the country has earned Sh503.2 million from oil exploration works by foreign firms local media reported. According to Business Daily Africa, a total of Sh503,260,733 was collected last year as revenue from exploration. Petroleum Cabinet Secretary Andrew Kamau said “The cash (Sh503 million) came from surface
Here is How Tanzania is Planning National Participation in Oil and gas Industry
History has taught humanity that a country can have enormous natural resources, but fare badly economically. Sometimes a country endowed with natural resources can miss out completely on all or part of the resources. Then natural resources become a curse! In the heat of discoveries, sometimes manufacturing and agriculture sectors are forgotten. This happens especially
Kenya Government Approves Production of 4,000 Barrels Per day, To be Transported by Road
Kenya’s government says it has approved a plan to produce between 2,000 and 4,000 barrels a day of crude oil in an effort to exploit the country’s oil production potential. A statement from the president’s communications department said that infrastructure will be upgraded to allow trucks to ferry the oil to the country’s main port
Tanzania Energy Minister Says gas Industry will be an “economic revolution” for the Country
Tanzania and its oil industry partners are to invest $30bn in a gas processing plant that will lead to an “economic revolution”, according to the country’s energy minister. Sospeter Muhongo, speaking to the Dar es Salaam Daily News, said the government had already embarked on the preliminary work and that Tanzanians should expect rapid growth
Employment in oil and Gas production across the world has declined by 26Pct due to Price Fall—Report
Data obtained from the United States, US, Energy Information Administration, EIA, has put the continued decline of employment in the oil and natural gas production across the world at 26 percent between 2014 and 2016. The report, which captured between October 2014 and May 2016, stated that employment in oil and gas production reached a
The Uganda-Tanzania Oil Pipeline Route: Current Project Status and Proposed Route
Following the decision by the government of Uganda to route is crude oil southwards to Tanzania’s Northeastern Port of Tanga, both governments pledged to expedite the project and work was expected to start this August 2016. However, the need to make necessary evaluation on the Fiscal framework, Size of the pipeline corridor, and Set of time-bound
Uganda Cabinet Endorse Issuance of Oil Production Licences to French Giant Total
The government of Uganda approved a ministerial request to issue Oil Production Licences to French Giant Total Uganda oil has learnt. According to a cabinet communique, government approved the Minister of Energy and Mineral Development request to issue three production for fields; Ngiri, Jobi-ri and Gunya under exploration area 1 of the Albertine Basin. “…approved