Market News
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Simba Completes Definitive Agreement for Block 2A, Kenya
Posted on :Saturday , 5th December 2015
Simba Energy Inc. (the “Company” or “Simba”) (TSX Venture: SMB) (Frankfurt: GDA) (CQX: SMBZF) is pleased to announce it has executed a definitive farmout agreement (“Definitive Agreement”) with Essel Group Middle East DMCC (“Essel Group Middle East”) on Block 2A in Kenya wherein Essel Group Middle East will earn a 60%participating interest in Bloc. . .
Hydrocarbon Exploration Undertaken At Lake Tanganyika North Block With Airborne Gradiometry Surveys
Posted on :Friday , 4th December 2015
Tanzania Petroleum Development Corporation (TPDC) has recently announced the undertaking of Airborne Gravity Gradiometry Surveys (AGGS) on Lake Tanganyika North Block, aiming at acquiring high resolution gravity and magnetic data to map the geology of the framework’s subsurface.
The AGGS is being fully funded by TPDC’s Development Fund and mapping ac. . .Tanzania: Scottish Expert Tips TZ on Natural Gas Benefits
Posted on :Friday , 4th December 2015
Dar es Salaam — A Scottish international consultant in oil and gas, Mr Gordon McIntosh, urged Tanzania yesterday to refrain from the allure of depending on multinationals in the building of supporting infrastructure for natural gas investments.
Mr McIntosh, who doubles as director of Aberdeen City Council, told The Citizen yesterday that Tanzania needs to buil. . .Ghana Gas Resumes Supply to VRA
Posted on :Friday , 4th December 2015
The Volta River Authority (VRA) has resumed gas offtake from Ghana Gas following a "successful tie-in to the VRA main gas pipeline," a statement issued by Ghana Gas indicates. The press release signed by Corporate Communications Officer, Alfred Ogbamey, states that the VRA is expected to now generate 600MW of power to be integrated into the national grid in order to improve the power . . .
East Africa Emerging as Hot-Bed for Energy Related Investments
Posted on :Thursday , 3rd December 2015
East Africa is emerging as a hotbed for energy related investments not only for its robust economic growth, but also for its potential to become one of the largest producers and exporters of oil and natural gas in the world.
Countries like Tanzania, Kenya, Ethiopia, and Rwanda – which have traditionally depended on biomass to meet most of their energy requirements – a. . .Please Select an Option
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