Market News

  • First Gas Delivery To The New Transnational Pipeline Commence In Tanzania

    Posted on :Friday , 21st August 2015

     Wentworth Resources has announced that gas deliveries have now commenced to the new transnational pipeline from the the Mnazi Bay joint venture in Tanzania.

     
    Currently two wells are now producing and the remaining three wells will be put on production in the coming months according to the company.
     
    “We are very pleased to ann. . .

  • Zarara Oil And Gas To Drill Well In Block L4 In Q2 2016

    Posted on :Monday , 17th August 2015

     Zarara Oil and Gas plans to drill a well in Block L4 in 2016 after postponing its earlier planned date in 2015 according to a company representative who spoke to OilNews Kenya.

     
    With the postponement the company will be banking on the hope that the Ministry of Energy will be extending their license that expires this year.
     
    The dela. . .

  • Nigerian refinery to restart operations by month-end

    Posted on :Monday , 17th August 2015

    Nigeria’s Kaduna Refining and Petrochemical Company (KRPC) has announced that its refinery would start operations by the end of August.

    Alhaji Saidu Aliyu Mohammed, managing director of KRPC, made the announcement while delivering an address at the opening ceremony of the Annual Energy Correspondents Workshop in Kano. Mohammed said, “Replacement of the weak segments o. . .

  • East Africa: Uhuru and Museveni Strike Deal On Route for Oil Pipeline

    Posted on :Monday , 17th August 2015

    Kenya and neighbouring Uganda have agreed on the route of a planned US$4.5bn oil pipeline, the link that will transport crude from companies including Tullow Oil.

     
    The pipeline will pass through the Lokichar Basin in northern Kenya, Manoah Esipisu, spokesperson for Kenyan President Uhuru Kenyatta.
    The countries had also discussed building the link through. . .

  • Two More Nigeria LNG Cargoes Bound for Spain

    Posted on :Monday , 17th August 2015

    Two tankers carrying LNG from the Nigeria Liquefied Natural Gas (NLNG) are due to berth at Spanish regasification terminals today, according to ship tracking data. The 148,300 cu m LNG Imo vessel, according to PLATT, is due at Spain's 11.8 Bcm/year Cartagena terminal, while the LNG Ogun, with a capacity of 149,600 cu m, is expected at the seven Bcm/year Bilbao terminal.

    The Imo was la. . .

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