Tullow oil plc has suspended gas exports from its major African field of Ghana following a persistent technical fault. The Jubilee field in Ghana is one of Tullow’s leading offshore projects from which its major capital investments are based. The company said the technical fault has also lowered its output since July 3, 2015 but
Analysis: How dependency on crude Oil sales is crippling Nigerian economy
The fall of global crude oil prices has left the Nigerian government incapacitated to handle a number of its sector operations due to a financial constrains. Nigerian financial deficit has expanded, something financial analysts have attributed to large scale corruption and over reliance on crude oil for much of its national income. According to the
Uganda hires Danish firm Ramboll to conduct study for Refined Oil Pipeline
The Ministry of Energy and Mineral Development in Uganda has selected a Danish consultancy firm Ramboll to conduct an early-phase study for the Refined Petroleum Products Pipeline. The proposed refined products pipeline will run the refinery point in Hoima to an assembly point in Buloba near Kampala. Ramboll won the project in joint partnership with
Pipeline explosion kills 12 in Nigeria’s oil rich ‘Niger delta’
A crude oil pipeline belonging to Eni SPA, an Italian multinational Oil and gas company in the Nigerian oil rich Niger delta exploded, killing 12 workers on site. The men were part of a maintenance team, including security and environment officials, carrying out repairs on Thursday afternoon on the Tebidaba-Clough Creek line near the town of Azuzuama
Find details about companies listed in first licensing round of Uganda oil exploration
Uganda Ministry of Energy and Mineral Development on July 1, 2015 listed 19 companies that had expressed interest taking up licenses to explore for oil in the Albertine graben. However, analysts have asserted that the nation’s oil and gas sector has failed to attract leading multinationals in the oil and gas industry. According to the observer
Find details of ‘Kenya Oil and Gas Strategic Analysis and Outlook to 2025’ report
International business research firm, Market Research Store, the leading research and consulting service providers for the oil and gas industry, has provided details about Kenya oil and gas sector giving projections of the country’s budding industry in a recently published report. The report titled “Kenya Oil and Gas Strategic Analysis and Outlook to 2025″. provides
Tanzania Parliament pass law to regulate Oil and gas sector
Tanzania House of representatives bowed to the pressure and gave way for the Petroleum law seen as the regulatory mechanism for the nations rapidly growing oil and gas sector. Analysts had earlier said the law is urgent since the nation’s oil sector was operating without a rich legal framework. The passing of the bill presented
Energy Ministry registers 17 multinationals for Oil exploration licencing
Uganda Ministry of Energy and Mineral Development has registered 17 companies for the Licensing Round for Petroleum Exploration, Development and Production of six blocks in the oil rich Albertine Graben. According to the Uganda Directorate of Petroleum , the Process of receiving the Request for Qualification ended on June 30, 2015. The Ministry registered seventeen valid applicants out
Tullow Oil affirms faith in Uganda and regional Oil sector
Tullow Oil plc has affirmed its business hopes and strength in the East African oil and gas industry in a latest statement that summarize recent operational activities and trading guidance of the new financial year 2015. The UK based Multinational noted that the legal and institutional investments in the region present a level playing field which
Tanzania Oil and Gas Expo 2015 to expose East Africa Oil sector to multinational opportunities
The inaugural edition of the Tanzania Oil and Gas Expo in which exhibitors from over 20 countries are showcasing knowledge, expertise and innovations needed for the development of the Oil and gas sector in East Africa is slated for 25-29 August 2015. The expo is a brainchild of Expogroup Worldwide, a middle-sized company, known for organizing