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Category: News

Tanzania Agrees With Uganda to Run Oil Pipeline to Its Coast

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Tanzania and Uganda’s leaders agreed to build a crude pipeline linking their countries, connecting landlocked oilfields to the Indian Ocean, Tanzanian President John Magufuli said. Statements issued after Ugandan President Yoweri Museveni and his Tanzanian counterpart John Magufuli met on Tuesday did not mention the fate of the Kenyan oil export pipeline plan. Uganda, which […]

Tanzania Make New Natural Gas Discovery In Ruvu Basin

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  Feb 25 Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation’s total estimated recoverable natural gas reserves to more than 57 tcf. The onshore reserves were found at a field licensed to the United Arab Emirates’ Dodsal Group located at Ruvu basin in […]

Tanzania to rake in capital gains from $55b buyout of BG Group by rival Shell

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Tanzania is set to collect millions of dollars in capital gains tax following Shell’s acquisition of BG Group, barely two years after banking $258 million in similar payments over the same gas resources. On Monday, Shell officially acquired BG Group and its assets in a $55 billion deal, touted as the biggest energy deal in […]

TPDC Fertilizer Plant To Provide 5000 Direct Jobs And Opportunities For Construction and Building Players

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    The Tanzania Petroleum Development Corporation has announced that it will invest in a fertilizer plant to be set Kilwa division Lindi district German investors Ferostaal Industrial Project GmbH at a cost of $1.9 billion. TPDC says it is the government’s plan to support companies investments in the extractive sector with the plant expected […]

Tanzania And Mozambique Eye Gas Exports Despite Oil Price Slump

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Rivalry between Tanzania and Mozambique has sparked renewed activity in the Liquified Natural Gas (LNG) segment despite the slump in energy projects in other parts of the world. The phenomenal drop in global oil prices has no doubt brought massive headwind for much of the energy value chain, especially exploration and production companies. Exploration and […]

Tullow Oil Gives Kenya’s Oil and Gas Industry $ 150 Million Development Boost

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  Kenya’s oil and gas industry received a boost after explorer Tullow Oil said it would spend part of the Sh15 billion ($150 million) earmarked for the region on local development, even as the firm reported losses.   Tullow Oil said Kenya and Uganda would benefit from the expenditure, which includes coming up with a […]

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