Market News
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Tanzania: Construction of New LNG Plant At Negotiation Stage
Posted on :Wednesday , 28th December 2016
The process of constructing the envisaged liquefied natural gas (LNG) plant to sit on the land of Lindi Region has now entered the negotiation stage of the Host Government Agreement (HGA), it has been revealed.
The HGA is a legal agreement between a foreign investor and a host government governing the rights and obligations of the foreign investor and the host gover. . .Tanzania: Negotiations on $30 Billion Gas Plant Set to Resume in 2017
Posted on :Friday , 23rd December 2016
Dar es Salaam — Major oil and gas companies are now planning to resume negotiations with the government on a production sharing agreement (PSA) next year for the planned liquefied natural gas (LNG) plant.
BG Group which was acquired by Royal Dutch Shell, alongside Statoil, Exxon Mobil and Ophir Energy, plan to build a $30 billion (Sh66 trillion) onshore LNG ex. . .Exploration Activities in East Africa to Rise in 2017 as Global Prices Recover
Posted on :Thursday , 22nd December 2016
Oil and gas exploration activities in East Africa are expected to rise in 2017 as global confidence in the sector increases with improving prices.
London-based Wood Mackenzie (Woodmac) energy, metals and mining consultancy firm, expects a resurgence of activities in the region, as explorers create more value by drilling wells when crude oil prices on the internation. . .East Africa: As Global Prices Recover, Oil & Gas Explorations Set to Increase in 2017
Posted on :Thursday , 22nd December 2016
Oil and gas exploration activities in East Africa are expected to rise in 2017 as global confidence in the sector increases with improving prices.
London-based Wood Mackenzie (Woodmac) energy, metals and mining consultancy firm, expects a resurgence of activities in the region, as explorers create more value by drilling wells when crude oil prices on the internation. . .Tanzania, Zanzibar Sign Historic Oil and Gas Bill
Posted on :Tuesday , 20th December 2016
ZANZIBAR President Ali Mohamed Shein yesterday signed into law, the Oil and Gas Development/Management Bill, an important step that will empower the semi-autonomous part of the United Repub lic of Tanzania to manage its own natural resources.
The signing of the bill into law brings to an end weeks of anxiety, with the people, legislators and lawyers embroiled in hea. . .Please Select an Option
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