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. . .

Tanzania: Oil, Gas Sector Attracts UAE Investors

Posted on :Thursday , 17th March 2022

TANZANIA'S participation in the Dubai Expo 2020 has paid off as the country has attracted a number of international companies that have shown interest to invest in the oil and gas sector.

Some of the areas that have attracted foreign companies include supply of natural gas, construction of the Compressed Natural Gas (CNG) stations, and construction of pipelines as well as par. . .