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Tag: energy

New petroleum producers survey policy options in wake of oil price slump

Countries seeking to develop newly-discovered petroleum resources are facing a fall in global oil prices, with competition from the ‘shale gas revolution’ in the United States, as well as renewable energy sources. At a New Petroleum Producers Discussion Group in Tanzania, organised by Chatham House and co-sponsored by the Commonwealth Secretariat, authorities from more than 20 […]

Orca contracts shallow-water rig for Songo Songo offshore Tanzania

DAR ES SALAAM, Tanzania – Orca Exploration Group has started the first phase of the Songo Songo development program offshore Tanzania. This follows World Bank’s approval for International Finance Corp.’s (IFC) investment. Orca has entered into a drilling contract with Paragon Offshore for the use of its M826 mobile drilling workover rig and associated services […]

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