Entries by Hussein Boffu

Kenya undeterred by plan to build oil pipeline through Tanzania

Kenya has shrugged off fears over a decision by neighbouring Uganda to consider building a crude oil pipeline through Tanzania. Kenya brushed aside concerns that Uganda’s plan, if it proves cheaper than the alternatives, would scuttle its infrastructural plans for its own oil pipeline. Acting Transport Cabinet Secretary James Macharia told the Nation on Wednesday […]

Tanzania:Mnazi Bay Operational Update – First Payment Received

Wentworth – the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil and gas company – is pleased to provide an operational update following first delivery of gas to the pipeline project from its assets near Mnazi Bay, Tanzania. Deliveries of gas Further to the company’s announcement on 20 August 2015 that gas deliveries […]

India Eyes On African Countries Petroleum Sector Including Tanzania

India is reportedly seeking close cooperation with countries in Africa, home to some of the large hydrocarbon resources, to meet its energy and downstream industries’ requirements. To explore opportunities in the sector, Dharmendra Pradhan, Minister of State, Petroleum and Natural Gas, along with senior officials of MoPNG and senior executives of public sector oil & […]

Octant Energy To acquire Assest In Tanzania and Kenya

Octant Energy Corp. (TSX VENTURE:OEL) (the “Corporation” or “Octant”) announces that it has entered into three agreements with subsidiary companies of Afren PLC to acquire assets in the Republic of Kenya and the United Republic of Tanzania (the “Proposed Transaction”). The assets include Kenya Block L17/L18, Kenya Block 1, and in Tanzania, the Tanga Block. […]

Orca Exploration announces closing of US$60 million financing of Tanzania natural gas field development with International Finance Corporation

Orca Exploration Group Inc. (“Orca” or the “Company”) announces that it has entered into a loan agreement with International Finance Corporation (“IFC”), a member of the World Bank Group, for a US$60 million investment (the “Loan”) in the Company’s operating subsidiary, PanAfrican Energy Tanzania Limited (“PAET”). Proceeds of the Loan will be used to fund […]

Price of Oil has now stabilised- Tullow Oil chief executive

  Prices have plunged to historic lows over the past 12 months, a boon to consumers but heaping pressure on Tullow and other producers. In an interview at an industry event in Cape Town, South Africa, Mr Heavey, inset, said his company won’t change strategy until prices recover. Tullow “reset” its business early on to […]