Market News
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Tanzania: Swala Oil Selects Tanzania Drilling Site
Posted on :Tuesday , 13th October 2015
Dar es Salaam — Swala Oil & Gas (Tanzania) plc has selected a drilling location for the 2016 exploration well that shall be drilled on the Kito prospect in the Kilosa-Kilombero licence.
The technical review of the Kilombero Basin has shown the Kito prospect to be robust and has given promising indications of the potential prospectivity within the basin,&qu. . .East Africa: Ethiopia, Djibouti Sign U.S.$1.11 Billion Deal to Construct Pipeline
Posted on :Tuesday , 13th October 2015
Ethiopia and Djibouti have signed an agreement to construct a 550km refined petroleum products pipeline worth $1.55 billion linking the two countries.
Black Rhino Group and Mining Oil & Gas Services (MOGS) have been contracted to build the 20-inch pipeline to transport petrol, diesel and jet fuel from Damerjog port in Djibouti to Awash terminal in central Ethiop. . .UGANDA, TANZANIA AND TOTAL E&P UGANDA SIGN MOU ON CRUDE OIL EXPORT PIPELINE FRAMEWORK
Posted on :Tuesday , 13th October 2015
Government of the Republic of Uganda, the Government of the United Republic of Tanzania, the Tanzanian Petroleum Development Corporation and Total E&P Uganda have a today signed a Memorandum of Understanding on the crude oil pipeline development principles.
The MOU also provides for other participants to join in the process of assessing and developing this route option creati. . .HPCL Seeks Mozambique Gas for Gujarat LNG Terminal
Posted on :Monday , 5th October 2015
Hindustan Petroleum Corp. Ltd (HPCL), the country’s third biggest oil refiner, is negotiating with its partners in the Mozambique gas field, operated by Anadarko Petroleum Corp., to bring natural gas to India for its upcoming liquefied natural gas (LNG) terminal in Gujarat.
The deal will not only give HPCL access to gas, which is logistically cheaper to source, it will also. . .Sudan Signs Agreement with Russian Company on Gas Liquefaction
Posted on :Monday , 5th October 2015
The Ministry of oil in Sudan signed a $70 million agreement on Sunday with Russia’s Gazohim Techno for liquefaction of gas produced at Neem field in the west of the country using a process known as gas-to-liquids (GTL).
Under the agreement a plant will be constructed to liquefy gas with a capacity of processing 10 million cubic feet of gas per day and convert to petroleum p. . .Please Select an Option
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