Market News
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Swala Energy Obtains One Year Licence Extension To Each Of Its Tanzania Licences
Posted on :Tuesday , 1st September 2015
Australian explorer focusing on the East African Rift System Swala Energy has announced that the Tanzanian Ministry of Energy and Mining (MEM) has agreed to extend the period within which an exploration well must be drilled in each of the Kilosa Kilombero and Pangani licences in Tanzania to the 20th February 2017.
According to a statement from the company the . . .
Shell Declares Force Majeure On Bonny Light Exports
Posted on :Saturday , 29th August 2015
The spate of pipeline vandalism and crude oil theft in the Niger Delta is increasingly assuming alarming proportion as Shell Petroleum Development Company (SPDC) has again declared force majeure on the exports of Bonny Light grade of crude oil as result of the activities of vandals and oil thieves.
This action is coming in less than one week after the company lifted. . ..jpg)
Kenya Starts Talks With Uganda on Financing for Oil Pipeline
Posted on :Friday , 28th August 2015
Kenya started talks with neighboring Uganda on the financing and construction of an oil pipeline that will link the two countries and ferry crude produced by companies including Tullow Oil Plc, the Kenyan Energy Ministry said.
Discussions that also looked at project time frames and involved officials from both East African countries began this week, Joseph Njoroge, the ministry&. . .
Kenya: Crude Oil Pipeline Top of Kenyan Growth Agenda, Says Uhuru
Posted on :Monday , 24th August 2015
The Hoima-Lokichar-Lamu crude oil pipeline is a priority project for the government as Kenya looks to tap the crude oil billions to accelerate development.
Speaking on Thursday at State House, Nairobi when he hosted a Japanese business delegation, President Uhuru Kenyatta said the pipeline will open up northern Kenya and accelerate the entire East African regional d. . .
Oil Exploration; Major firms ignore Uganda, rush for Mozambican oil fields
Posted on :Saturday , 22nd August 2015
Mozambique announced closure of the Fifth Licensing round of 15 blocks with hydrocarbon potential in the offshore areas of Rovuma, Zambezi and Angoche, and the onshore areas of Pande-Temane and Palmeira on July 30, 2015.
Following a call for applicants that commenced in October 2014, the nation emerged from the Request for application process with seven successful applican. . .Please Select an Option
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