Tanzania: Over 1,000 to Access Power in Mbinga Next Year

 MORE than 1,100 people in Mbinga district, Ruvuma region, will be connected with electricity next year through the Rural Energy Agency (REA), Parliament was told on Tuesday.   This was said by Deputy Minister for Energy and Minerals, Charles Kitwanga, when responding to a question raised by Gaudence Kayombo (Mbinga North - CCM) who wanted to know about government plans to distribute electricity in all villages in Mbinga district.   Responding, Deputy Minister.... Read more »

Posted on : Wednesday , 12th November 2014

Tullow Oil cuts on offshore exploration to focus on East Africa acreage as crude oil price drop

 Following the drop in global crude oil prices Tullow Oil says I will be reducing on exploration cost as well as focus on high margin oil and its major basin-opening potential.   “In light of current oil and gas sector challenges including the commodity price environment, we are reviewing our capital expenditure and our cost base to ensure that Tullow is well-positioned for future success,” Tullow Oil Chief Executive Officer Aidan Heavey says in the latest.... Read more »

Posted on : Wednesday , 12th November 2014

Solo Oil provides update on acquisition of interest in Tanzania

 Solo Oil plc has announced that, further to the announcement of 14 October 2014, it has been advised by Aminex PLC that the conditions precedent which are remaining to close the acquisition of an initial 6.5% of the Tanzania’s Kiliwani North Development Licence (KNDL) are the formal approval from the government.   Aminex says  it is also awaiting from the Tanzanian government the completion of the Deed of Assignment, also expected to occur shortly with the.... Read more »

Posted on : Wednesday , 12th November 2014

Multiclient Seismic Data Offshore Mozambique Now Available

 Schlumberger has announced the availability of its multiclient seismic survey offshore Mozambique. The Schlumberger multiclient seismic data offered in collaboration with the National Petroleum Institute of Mozambique (INP) includes reprocessed 2D lines and newly acquired seismic data, and provides detailed imaging of the subsurface.   According to the president of  PetroTechnical Services at Schlumberger Maurice Nessim the recent discoveries and regional appraisals.... Read more »

Posted on : Wednesday , 12th November 2014

East Africa woos Indian investment

 NEW DELHI, India - President Paul Kagame has taken his search for investors to India, promising red-carpet reception for Indian investors to take advantage of the unrivalled business opportunities that Rwanda offers.  Kagame, who was in New Delhi, outlined specific investment areas to the Confederation of Indian Industry last week ahead of the World Economic Forum and India-Africa Summit.   “It’s not where I am sure all of us would wish to be. Our.... Read more »

Posted on : Tuesday , 11th November 2014

Tanzania set for ore Exports

 The National Development Corporation (NDC) said in the statement that Tanzania is set to produce 1.1 million metric tonnes annually.   Once the commercial production takes off, NDC said Tanzania will be one of the top four iron producers in Africa.    This will be the basis for putting up an iron and steel metallurgical complex which in turn will create hundreds of jobs.   Mlingi Mkucha, the  acting NDC Managing Director told East African Business.... Read more »

Posted on : Tuesday , 11th November 2014

Dangote seeks license to build a coal power plant in Tanzania

 Africa’s richest man Aliko Dangote is seeking to be awarded a license for a 75 megawatt (MW) coal power plant in Tanzania.   Energy from the coal power plant will be used to power up the US$ 500m cement factory that is currently under construction in Mtwara Tanzania. The plant will also power the residential and commercial development complex around the factory. This is due to the fact that interruption of power supply or unstable voltage causes s extensive damage.... Read more »

Posted on : Monday , 10th November 2014

KEPCO to build a nuclear power plant in Egypt

Korea Electric Power Corporation (KEPCO) has announced that South Korea has signed an MOU with Arab Contractors, the number one builders in Egypt’s construction industry, for the exporting of Korean nuclear power plant to Egypt.   The Egyptian government plans to give public notice of an international bid for building a second new nuclear power plant at El-Dabaa early 2015. The MOU with the Arab Contractors therefore gives KEPCO a competitive advantage over other nations.... Read more »

Posted on : Monday , 10th November 2014

BP expands in Egypt with $240 million investment in two new exploration blocks

 BP Egypt has confirmed today that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks over different phases.   Block 3 - North El Mataria is BP's first entry into the Onshore Nile Delta. The block is located in the northeastern part of the Nile Delta cone, approximately 57km to the west of Port Said city. BP will operate the block with 50% equity and Dana.... Read more »

Posted on : Monday , 10th November 2014

Nigeria continues to import large volumes of US jet fuel

According to the latest data from the U.S Energy Information Administration; Nigeria, Africa’s biggest crude oil producer, continued to import a large volume of jet fuel, drawing the highest volume  from the United States in August, The Punch reports.   The country imported 1.51 million barrels of US jet fuel in the month, surpassing Canada’s import of 1.23 million barrels.   Nigeria had in November 2013 imported 1.74 million barrels of the fuel, the.... Read more »

Posted on : Monday , 10th November 2014

Tullow withdraws from Namibia Kudu gas power project

 Tullow has withdrawn from its full participation in the much-eyed Kudu gas-to-power project which is under development in Namibia. According to Namibia’s Mines and Energy Minister Isak Katali, the government has been informed by Nampa of the UK-based company’s withdrawal from the project due to financial problems.   Located 130 kilometres offshore of Namibia’s south-west coast, Kudu gas-to-power project is co-owned by government and Tullow and Itochu who.... Read more »

Posted on : Friday , 7th November 2014

Cairo s ultra-green complex to feature energy efficient technologies

 The upcoming Cairo’s Gate Residence has taken the use of energy saving and technologies in buildings to another level. Construction of the complex is such a way that it will minimize environmental impact using a host of technologies. It will feature windcatchers, wind turbines, geothermal cooling, solar panels, solar heater tubes and wind turbines.   Construction of the complex is set to commence in March 2015, with the completion expected in 2019.   The.... Read more »

Posted on : Friday , 7th November 2014