By Agencies… Nigeria and Angola, Africa’s two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances. Nigeria has held exploratory talks with the World Bank on borrowing to help fund a record budget in 2016 but has not
Tanzania: Major gas Operator announce termination of Farmout
Tanzania gas operator Aminex PLC (Aminex) and Solo oil plc have announced that they are not proceeding with the earlier farm out deal Bowleven PLC . Solo Oil had announce earlier in November, 2015 that it had reached agreement with the operator Aminex plc to farmout a 12.5% net working interest in the Ruvuma Petroleum
Tanzania in Final Pre-production well tests, expects first gas in mid-February 2016
Tanzania’s Kiliwani North-1 gas well is undergoing final well integrity tests a head of the first gas production expected in the in mid February 2016, the operator company Aminex PLC and Solo Oil have announced. The well tests and production preparation follows the signing of a Gas Sales Agreement (GSA) between the Tanzania Petroleum Development
Oil and the environment: Nigeria President Promises to Clean Oil spills in Niger delta During Kenya Visit
Nigerian President Muhammadu Buhari pledged to clean up Ogoniland and other parts of the Nation’s Oil rich Niger Delta, vastly damaged by frequent crude oil spills. Buhari made the pledge during a maiden visit at the United Nations office in Kenyan Capital Nairobi in Conclusion of his three day state visit to East African Nation.
Here is Why India could be the new Oil Market Hope for Latest Africa Producers
Data at the International Energy Agency (IEA) indicate that India will be (read is) the world’s largest oil market with consumption rate projected at 10 million bpd by 2040. The good news of this according to the Africa Report is that the Asian nation has tasked all its major oil and gas companies to build close
Nigeria and Scotland in New Oil trade talks
A Scottish oil and gas delegation is visiting Nigeria this week with a view to forming partnerships Scottish Development International is leading the delegation and the participants are aiming to achieve a solid understanding of Nigerian market conditions as well as seeking out potential local partners. The delegation is participating in the Offshore West Africa
Opinion: Why oil and gas was a tie-breaker at Uganda’s Innaugral presidential Candidates’ debate
By James Muhindo… Uganda recently held a presidential candidates debate on January 15, 2016 at the Kampala Serena Hotel. The debate was organised by the Inter Religious Council on conjunction with the Elders Forum chaired by Justice Ogola. One of the outstanding issues from the debate that has continues to trend both on social and
Analysis: Why East Africa Has to Hold Onto the Oil and Gas Dream to Spur Economic Growth
By Stephen Kuria and Bernard Ayieko… The oil and gas market has been shaken and stirred by a raging storm. Some multinationals are actually abandoning the rigs, especially offshore ones. The US rig count has gone down by 31 to 760 on a month-by-month count. In some cases, exploration programmes have been put on the
Civil Society groups appeal to UNESCO, Uganda and DR Congo to Stop licensing Oil Exploration works in Virunga national Park
Over 60 environmental and tourism groups called on UNESCO and the governments of Uganda and the Democratic Republic of Congo to reach a deal to stop new oil drilling licences from being awarded in Virunga National Park and the surrounding area. The Civil Society organisations including; Global Witness, Greenpeace and the Zoological Society of London
Expert; How East Africa is paving way in the spotlight and changing Africa’s Oil map
By Thangapandian Srinivasalu Africa produced 8.2m b/d of crude last year – 76% came from Nigeria, Algeria, Egypt and Angola, according to PricewaterhouseCoopers’ (PWC) 2015 Africa Oil & Gas Review. But East Africa is elbowing its way under the spotlight and changing Africa’s energy map – a move easily justified by its wealth of oil