Browsing: Oil and Gas

Earlies this month, the government of Tanzania demonstrated how serious the nation is with a big deal sealed in the nation’s capital, Dodoma, on Saturday (11 June).

The Government of Tanzania and its partners, including global industry giants Equinor, Shell and ExxonMobil, have set the bar so high with a historic Host Government Agreement (HGA), which will realize ambitious gas and Liquified Natural Gas (LNG) mega project.

The $30 billion natural gas project aims to produce 10 million tons per annum of LNG for export with transformational potential for industrialization by bringing investment, technology, skills and infrastructure to the country, which will benefit Tanzanian businesses and its citizens.…

• The EACOP is one of the biggest oil project in Uganda
• The total investment has reached $10 billion
• Uganda will pay Tanzania $ 12.20 per barrel transported through the pipe

The East African Crude Oil Pipeline project has again reached another height as the two partnering nations, Tanzania and Uganda, have signed a Memorandum of Understanding on cooperation in defence and security for the ambitious and controversial EACOP project.

The signing was penned on Friday last week at the climax of a three-day Inter-governmental Security Committee Meeting held in Kampala, Uganda.

The MoU was signed on behalf of the two nations by Uganda’s Minister of Defence and Veteran Affairs Vincent Bamulangaki Ssempijja and his Tanzanian counterpart, Minister of Defence and National Service Dr Stergomena Tax.

According to the Ugandan minister, the MoU was an important matter to be concluded, as highlighted by the two partner nations, President Samia Suluhu Hassan…

Senegal is becoming one of the most exciting oil and gas plays to emerge in recent years in sub-Saharan Africa´s largely underexplored oil and gas sector.

The country may be a relatively new player in terms of production coming on stream, but in fact, oil and gas exploration has been taking place in the country as far back as 1961.

It was only until major world-class offshore oil and gas discoveries were made in 2014-2016 that global energy investors began to truly realize the huge potential of the MSGBC Basin, which comprises the offshore waters of Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry.

Prior to the large-scale discoveries, Senegal was already maneuvering into a good position to capitalize on its hydrocarbon wealth thanks to the leadership of H.E. President Macky Sall who was a former Director General of the state-owned oil company PETROSEN.

ALSO READ: Uganda’s Oil and mining sector …

Foreign oil majors have taken a recent interest in Mozambique, but the new facilities are facing challenges beyond the usual social and environmental risks associated with such projects. An Islamic State-aligned insurgency group has attacked Total’s record-breaking investment in the area, raising questions about energy and personal security in the country.

In recent years, Mozambique’s Cabo Delgado province has shot to the forefront of the global oil and gas sector. Discoveries made by US energy firm Anadarko and Italian company ENIhas revealed that more than 2.4 trillion cubic metres of gas off the country’s eastern coast, have attracted the attention of some of the world’s largest oil companies, with Shell, BP, and the China National Petroleum Corporation (CNPC) all making moves in the area.

However, the discovery has come at a cost, with local people displaced by the sudden influx of large-scale industrial operations and the usual concerns over environmental …

Historically overlooked by independent oil companies (IOCs) and considered something of an oil and gas frontier state, Namibia is establishing itself more prominently on the international oil and gas map.

Namibia has until recently been largely overlooked by the oil majors. A spate of farm-in agreements over the last six months suggests that this is changing. International oil companies are keen to secure a stake in the southern African country’s oil boom, should one materialize.

Austria’s OMV and Murphy Oil Corporation from Arkansas are the latest companies to make their first foray into the Namibian oil and gas sector, buying 25 and 40 per cent, respectively, of Cowan Petroleum’s licence to explore two blocks off the Namibian coast.

The Wingat-1 discovery by HRT in 2013, which encountered rich oil-bearing source rocks in the Walvis Basin, was the start of this change and, in the years since, the country has become …

A small oil and gas exploration company that has offices in Africa, North America and United Kingdom is drilling into what it believes could be a massive onshore oil deposit under and alongside an ecologically and culturally important swath of the Kalahari Desert in northeast Namibia and northwest Botswana.

The firm known as Reconnaissance Energy Africa {ReconAfrica} says its Continued research findings present a picture of generating 100 billion barrels of oil and gas, a quantity roughly equal in volume to the proven oil reserves of Kuwait or the United Arab Emirates.

This Timely and good news however are facing a probable opposition from two United bodies and other independent entities who are arguing that in an event of this it will threaten local water supplies as well as the livelihoods of Indigenous people as the  exploration site is found in a region also home to two United Nations Educational, …

The latest data from Organization of Petroleum Exporting Countries has showed that Crude oil production in Nigeria has fallen by 6.32 percent to 1.344 million barrels per day in May, 2021 as compared to 1.429 million barrels per day recorded in April 2021.

This report also shows that Nigeria’s average daily oil production in the first quarter of 2021 was 1.404mbpd compared to average daily oil production of 1.301mbpd recorded in the fourth quarter of 2020.

The production volumes are exclusive of condensate oil which is not part of OPEC reporting requirement.

According to a new report by the Nigerian Extractive Industries Transparency Initiative, NEITI, the total oil production in 2019 was 735.244mmbbls,which represented an increase of 4.87 percent over the 701.101mmbbls recorded in 2018.

The report showed that Production sharing contracts, PSCs, contributed the highest volumes of 312.042mmbbls followed by Joint Venture (JV) and Sole Risk, SR, which recorded …

Zimbabwean government is excited after a potential prospect of Oil and Gas was discovered in Muzarabani area. President Mnangagwa says once exploited it will make the nation energy self-sufficient, create employment, empower the growth of the economy and enable huge downstream benefits.

According to the president Oil and Gas industry represents huge, unique and competitive investment opportunities given the significant potential for value chain linkages.

“the prospect of oil discovery is exciting”, which will inevitably positively impact local communities and the national economy at large.”

“The project will undoubtedly impact the GDP of Mashonaland Central Province as well as Muzarabani and surrounding districts,” he said.

The President was Speaking this at State house where he was a guest of honor during the signing of the petroleum exploration development and production agreement (PEDPA) between the Government and Australian oil and gas exploration firm, Invictus Energy.

Also Read: Total suspends Operation In …

Nigerian President Muhammadu Buhari has virtually launched “The Decade of Gas in Nigeria Initiative” pledging that his government will fully utilize gas resources in the country to lift the economy high as well as enhance industrialization.

During the unveiling of The Decade of Gas in Nigeria initiative in Abuja on Monday, Mr Buhari said the country’s capacity to produce about 600 trillion cubic feet of gas and the rising demand for cleaner energy sources were capable to help the nation achieve its economic diversification goal.

 ‘‘The rising global demand for cleaner energy sources has offered Nigeria an opportunity to exploit gas resources for the good of the country. We intend to seize this opportunity,’’ the President said at the virtual Nigeria International Petroleum Summit (NIPS) 2021 Pre-Summit Conference and official launch of the Decade of Gas.

ALSO READ: Chinese Quarry Shut Down For Violating Environmental Regulations In Zambia

Buhari …

Oil and gas projects are very complex due to a variety of challenges that need to be overcome. Risk management and financial burden are some of the hottest issues currently on these projects.

Now imagine you add Covid-19 and insurgent movements near the project area.

“The French oil and gas company Total is considering setting up a logistical base for its Mozambican operations, not only in part of Mozambique, but on the French Indian Ocean possession of Mayotte, according to a report (…)” as per the digital news portal Club of Mozambique.

It shouldn’t come as a surprise at all.

Being part of the French territory, Mayotte offers the best option for Total as a preferential hub for their project in Mozambique. France operates a military base in Mayotte, in the form of a detachment of its Foreign Legion, making the island a super safe place.

Mayotte is very well …