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How To Create Twenty-Five Thousands New Jobs In The Oil and Gas Sector In Tanzania

Blessed with massive natural gas resources, Tanzania not only has potential to enjoy the benefits of healthy jobs and income but also state may continue to get a boost from taxes and fees this industry generates both directly and indirectly. In fact, The oil and gas industry is the biggest employer in the world that […]

UK Based Chariot Oil and Gas Strike Dry Well Offshore Namibia

  UK independent Chariot Oil & Gas’s eagerly anticipated well offshore Namibia was dry. The company said October 11 that its Prospect S deepwater well, which was drilled by the Ocean Rig Poseidon drillship to a total depth of 4,165 meters, did not encounter any hydrocarbons. It will conduct further analysis to understand the implications of the well results on […]

Mozambique Sign Agreement With Oil Giant Exxon Mobil

The Mozambican government has finally signed agreements with ExxonMobil and Rosneft for acreage won in the country’s fifth licensing round in 2014. Mozambique’s National Petroleum Institute said the government was preparing to sign similar agreements with South Africa’s Sasol and Italy’s ENI. The agreements could lead to as much as $700 million of investment in […]

Aminex Get A Stake In Bounty Oil & Gas in Tanzania

  Aminex and other non-defaulting parties have acquired Bounty Oil & Gas’ shares in the Kiliwani North Development Licence and the Nyuni Area production-sharing agreement, Aminex said October 4. The transferred interests include all rights and liabilities except that Bounty will, pursuant to the joint operating agreements, remain liable for its share of any outstanding work […]

Tanzania LNG Has The Potential To Create Thousands of Jobs

  Tanzania’s planned liquefied natural gas export project is a huge boost for the economy. The consortium of large multinational firms (Shell, UK independent Ophir , Singapore-based Pavilion Energy, Exxon Mobil, and Norway’s Equinor, formerly Statoil ) that owns part of the LNG Canada project to be built on the Lind region, Southern part of […]

Drillship to Spud Offshore Namibia Well

  The Ocean Rig Poseidon has been mobilized to drill the Prospect S Well in Petroleum Exploration License (PEL) 71 offshore Namibia, Azinam Limited and operator Chariot Oil and Gas reported Friday. “We are delighted to announce the mobilization of the Ocean Rig Poseidon as well approach drilling on Prospect S, the first well of our multi-well, […]

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