Entries by Hussein Boffu

Navigating Africa’s Oil and Gas Market: A Guide to Local Regulations and Market Dynamics

East Africa is a treasure trove of untapped oil and gas potential, with reserves that capture the interest of global investors. However, to harness this potential successfully, a deep understanding of local regulations and market dynamics is essential. This article provides insights into the regulatory landscape and market conditions that shape the oil and gas […]

Türkiye and Somalia Sign Major Energy Deal to Explore Hydrocarbons Off Somali Coast

Türkiye and Somalia solidified their close relations with the signing of a significant energy agreement in Istanbul on Thursday. The accord was inked by Türkiye’s Energy and Natural Resources Minister Alparslan Bayraktar and Somalia’s Petroleum and Mineral Resources Minister Abdirizak Omar Mohamed. Minister Bayraktar announced that Türkiye would dispatch its research vessel, Oruç Reis, for […]

Maurel & Prom Announces Key Changes in Governance: Jaffee Suardin Appointed Chairman of the Board of Directors

Paris, July 18, 2024 – Maurel & Prom, an independent oil and gas company, has announced significant changes to its governance structure following a Board of Directors meeting on July 17, 2024. On the recommendation of the Appointments and Remuneration Committee, Jaffee Suardin has been appointed as the new Chairman of the Board, succeeding John […]

Uganda’s Hydrocarbon Journey: From Discovery to First Oil

Uganda has discovered over 1.4 billion barrels of oil (Bbo) in recent years, with multiple giant fields contributing to this wealth. This article traces the history of hydrocarbon exploration in Uganda and its advancement toward first oil. Exploring the East Africa Rift System. Tullow Oil’s exploration efforts have made the East African Rift System a […]

M&P Reports Strong Performance in First Half of 2024

M&P, a leading player in the energy sector, has reported robust operational performance for the first half of 2024. The company’s working interest production reached 37,113 barrels of oil equivalent per day (boepd), marking a significant 29% increase compared to the second half of 2023. Notably, excluding Venezuela, this growth stood at 10%. In Gabon, […]

East Africa: The Oil and Gas Boom You Didn’t See Coming

East Africa is quickly becoming the hottest hydrocarbon destination of the 21st century. But hold on! This thrilling success didn’t happen overnight; it’s the result of six decades of exploration ups and downs. Here’s how this region transformed from a forgotten frontier into a booming oil and gas hub. A Century-Long Odyssey: The Exploration Saga […]

88 Energy Kicks Off Exciting 2D Seismic Adventure in Namibia

Hold onto your hard hats, folks!  88 Energy Limited is making waves in the Owambo Basin of Namibia, and it’s not just another day at the office. The company has just launched a thrilling 2D seismic data acquisition program that promises to uncover the hidden treasures of this underexplored region! What’s Happening? Imagine this: 200 […]

What You Need to Know About Tanzania’s Downstream Petroleum Sector: A Complete Investor’s Guide

Table of Contents How the Oil and Gas Supply Chain Really Works Understanding Tanzania’s Downstream Petroleum Product Market Top Petroleum Products in Tanzania Key Activities in Tanzania’s Downstream Sector – Importation – Storage – Transportation Marketing Channels in the Downstream Sub-sector – Wholesale Activities – Retail Activities Regulatory Frameworks in Tanzania’s Oil and Gas Industry […]