Tanzania, which has at least 57 trillion cubic feet of natural gas reserves, plans to commission a plant by 2025 to process as much as 11.1 trillion cubic feet. The Ministry of Energy’s plan estimates that the East African nation can recover as much as 70 percent of the resource. It also projects total domestic
Lapsset Project Boss Expected to give Detailed Update at Regional Oil and Gas Summit in Nairobi
The Director General and CEO of Lapsset Corridor Development Authority Silvester Kasuku is expected to deliver a detailed update of the project in the upcoming East Africa Oil & Gas Summit (EAOGS), the the organizer said. “We are delighted to have the support of Kasuku and his team at the LCDA. The work that the
Tanzania and DR Congo Ink Deal to Start Oil Exploration in Lake Tanganyika
Tanzania and the Democratic Republic of the Congo signed a memorandum of understanding on Tuesday for joint exploration and development of hydrocarbons in Lake Tanganyika. The lake, which straddles the border between Tanzania, Democratic Republic of Congo, Burundi and Zambia, is the world’s second largest by volume and second deepest, according to officials. “We have
Uganda Must Prioritize Its Environment in Every Step of Oil and Gas Industry Development
By Samuel Okulony It is with no doubt that the developments in Uganda’s oil and gas sector are currently in advanced stages of development that are moving the country towards first commercial oil production. As the country seeks to maximize profits from its commercially viable oil deposits, it is important to ensure that the environment
Uganda To Launch Guiding Model for Midstream and Downstream Sector of Oil Industry
The Ministry of Energy and Mineral Development together with Uganda National Bureau of Standards (UNBS) expects to launch a standard model that will regulate the midstream and downstream sector of the oil industry. The guide which will compel companies involved in oil production and finished petroleum product importers to follow certain regulations is expected to
Tullow Oil Expects to Fully Develop oil fields in Kenya’s Turkana Basin by 2020—Papers
Tullow Oil has announced that the oil fields in Kenya’s Turkana will be fully developed by 2020, ahead of restarting of drilling in Lokichar Basin before December. The UK gas and oil exploration company published the production update yesterday where it gave a similar timeline for the Ugandan operation in the Lake Albert basin. Both
Norwegian giant Statoil says has acquired 12% stake in Block six of Tanzania’s Mafia basin offshore
Norwegian energy producer, Statoil, has acquired 12 percent working interest in Block 6 licence offshore Tanzania from operator Petrobras Tanzania Ltd. According to the information published in the Norway Post, the company has acquired block 6, which covers 5,549 square kilometers in the Mafia basin offshore. It was established that the transaction is subject to
AfDB Boss Says Oil Pipeline Projects in Uganda and Kenya Present Golden Opportunities to Investors
Oil pipelines planned in Kenya and Uganda to ferry crude from fields to port present opportunities for private financiers keen to gain a foothold in East Africa’s energy industry, the African Development Bank says. “Nobody has ever, ever lost money financing pipelines,” Gabriel Negatu, the Abidjan-based lender’s regional director for East Africa, told Bloomberg in
Total Promises Final Investment Decision for Uganda Oil Field by End-2017
Total’s President for Exploration and Production Arnaud Breuillac said that the French major is actively moving towards a final investment decision as early as end-2017 for its onshore oil project in Uganda. Breuillac’s statement comes on the backdrop of three production licences granted to Total E&P Uganda BV (Total’s subsidiary) by the government of Uganda
Total Vows to cut Investment Expenditure as Recovery Measure from the Oil Price Surge
French oil major Total SA, a key operator in Uganda’s leading oil projects said it would further cut investment and costs on its operations to retain profitability as it continues to counter the oil-price collapse. Patrick Pouyanné, Total’s chief executive, told investors and analysts he will pursue the strategy that has kept the company in the