Market News
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Tanzania: Govt Finalizes Local Content Policy for Gas Sector
Posted on :Monday , 3rd October 2016
Dar es Salaam — The government has said that it's currently in the last stages of compiling regulations for the local content policy for the gas and oil industry especially on the construction of a Liquidified Natural Gas (LNG) plant in Lindi.
The deputy minister Ministry of Energy and Minerals Dr Medard Kalemani said this on the sidelines of a local con. . .Tanzania: Oil, Gas Firms Give 4 Billion/ - to Vocational Training
Posted on :Thursday , 29th September 2016
Mwanza — Oil and gas companies under the consortium of Tanzania Liquefied Natural Gas Plant Project (TLNG) have donated 1.9m US dollars (about 4bn/-) to beef up employment opportunities for the youth through vocational training in natural gas in the twin southern regions of Mtwara and Lindi.
TLNG is composed of five partners--BG/Shell Group, ExxonMobil, . . .Tanzania: Statoil Farms in to New Tanzania Gas Licence
Posted on :Thursday , 29th September 2016
Norwegian energy producer, Statoil, has acquired 12 percent working interest in Block 6 licence offshore Tanzania from operator Petrobras Tanzania Ltd.
According to the information published in the Norway Post over the weekend, the company has acquired block 6, which covers 5,549 square kilometers in the Mafia basin offshore. It was established that the transa. . .Tanzania: Change Afoot to Relax Rule for Fuel Bulk Procurement
Posted on :Saturday , 24th September 2016
The government is weighing a plan to relax the rule on petroleum bulk procurement system that requires tendering oil firms to buy and supply the product in a cargo-to-cargo base other than the winner-takes-all-process.
Scheduled to start from September, the system will be open to all pre-qualified Oil Marketing Companies, according to Petroleum Bulk Procuremen. . .Uganda: Investors Prepare Finance Plans As Uganda's Oil Sector Reawakens
Posted on :Wednesday , 21st September 2016
A lot more attention is expected to be placed on how companies source for finance to invest in Uganda's oil industry after government created nearly all the necessary structures for an industry that has been quiet for far too long, writes EDWARD SSEKIKA.
After three years of subdued activity, Uganda's oil and gas sector is back on track. Recent developments, w. . .Please Select an Option
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