Market News | Oil & Gas Tanzania 2023

Market News

  • Kenya’s Plan to Call The Shots in LPG Logistics

    Posted on :Monday , 27th June 2022

    Kenya seeks to dominate in the supply of LPG by constructing the biggest import and storage gas facility in Mombasa and licensing more private companies to compete with Tanzania which has dominated the business for years in the region.

     

    The announcement to construct a 25,000 tonnes storage facility by the Kenya Pipeline Company (KPC) which will connect to the Sh42 billion new . . .

  • Tanzania is Bagging Billions in Natural Gas Investments

    Posted on :Wednesday , 25th May 2022

    Tanzania liquefied natural gas front has received a US$30 billion shot in the arm from large energy companies including Equinor and Exxon Mobil.

     

    • Tanzania has an estimated 57 trillion cubic feet of natural gas reserves

     

    • ExxonMobil, Equinor and Shell are among top 2 energy giants investing in Tanzania gas

     

  • Tanzania to Sign Sh70 Trillion LNG Project

    Posted on :Wednesday , 25th May 2022

    Mtwara. The government is expected to sign initial agreements with exploration companies for the construction of a giant liquefied natural gas (LNG) plant before the end of May, the negotiation team has revealed.

     

    The team of experts is currently in negotiations with 5 oil and gas firms – Shell, Equinor, ExxonMobil, Pavilion and Ophir on the $30 billion (Sh7. . .

  • Sirocco Energy Reports Progress on Both Assets in Tanzania

    Posted on :Thursday , 21st April 2022

    Scirocco Energy PLC (AIM:SCIR) said partner APT has set a target date of November 2022 to spud the Chikumbi-1 well at Ruvuma in Tanzania.

     

    Seismic data collection is underway with contracts for all long lead items for the well in place, the statement added.

    Scirocco has a 25% non-operated interest in the Ruvuma PSA.

     

    APT has already published a revised . . .

  • East Africa: Uganda, Tanzania to Become Oil Economies

    Posted on :Thursday , 21st April 2022

    Tanzania and Uganda are gearing up to become the region's oil economies with the latter signing a mega oil pipeline deal to transport Uganda's oil to its port of Dar es Salaam.

     

    The East African Community (EAC) is one of the fastest-growing economic blocs in the World. The pre-Covid-19 period saw the Economic Commission for Africa note that East Africa was actually the fastest. . .

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