Market News | Oil & Gas Tanzania 2024

Market News

  • Egyptian Firm To Study Dar Natural Gas Market

    Posted on :Monday , 31st July 2023

    The Egyptian company, TAQA Arabia, is set to carry out a study that would enable the Tanzania Petroleum Development Corporation (TPDC) to supply natural gas to more residents in Dar es Salaam.


    The study will therefore inform the TPDC over natural gas market in the city so as to construct the needed supply infrastructure.


    Recently, the company signed the MoU. . .

  • Cnooc Plans Offshore Oil, Gas Exploration in Tanzania

    Posted on :Wednesday , 28th June 2023

    China’s Cnooc Ltd. is planning offshore oil and gas exploration with state-owned Tanzania Petroleum Development Corp. as the East African nation seeks to boost the development of its natural resources.  


    The joint work will be conducted in deep-sea blocks 4/1B and 4/1C held by TPDC, according to Tanzanian Energy Minister January Makamba. The acreage is. . .

  • Tanzania LNG Project Cost Increases to $42B

    Posted on :Wednesday , 28th June 2023

    Tanzania has revised the cost of its Liquefied Natural Gas (LNG) project upwards, estimating the total cost of the large-scale project to be USD 42 billion.


    Initially projected at USD 30 billion, Felchesmi Jossen Mramb, Permanent Secretary in Tanzania’s Ministry of Energy explained that, “The recent technical analysis shows that offshore . . .

  • Tanzania: Gas-Rich to Launch Rare Bid Round.

    Posted on :Thursday , 25th May 2023

    Tanzania aims to launch its 5th oil and gas licensing round by the end of 2023 in a move designed to revive interest in its largely dormant exploration and production sector.


    After a blitz of offshore exploration, largely by Shell and Equinor, in the years to 2018, the focus point of the few oil companies that remain in Tanzania has centered on infill wells or improving exist. . .

  • Tanzania Inks $667M Minerals Deal

    Posted on :Tuesday , 25th April 2023

    The Tanzanian Government has signed agreements with three Australian mineral companies for the development of rare earth and graphite mines in the country.


    Agreements totalling $667 million were signed with mineral exploration companies Evolution Energy Minerals, EcoGraf, and Peak Rare Earths. Peak Rare Earths will mine minerals in Ngualla, the southwest region of t. . .


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