Hussein Boffu runs a consultancy helping elite entrepreneurs reach their goals through actionable business planning. Contact him via email at hussein.boffu@tanzanapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.
With the evolving perception of LPG among Tanzanians as a fast, clean, and safe energy source for cooking, coupled with changing lifestyles and government initiatives, more urban households are switching from traditional fuels like firewood, charcoal, or kerosene to LPG. Despite a seemingly saturated market, the demand for LPG continues to rise. According to the […]
Fuel is a vital resource driving both local economies and daily life across Africa, making petrol stations indispensable for transportation, agriculture, and industrial sectors. With Africa’s growing demand for fuel, starting a petrol station in Tanzania or other African countries offers an attractive business opportunity. However, this venture requires substantial investment, regulatory approvals, and a […]
Operating a successful petrol station involves strategic planning, attention to detail, and a deep understanding of factors crucial to profitability and sustainability. Based on extensive experience with over 30 petrol station sites in Tanzania, we uncover the foundational elements that drive high returns and sustained business growth. 1.Location: The Foundation of Success The adage […]
Namibia has recently become a focus for oil exploration due to several significant discoveries along its coast. Major companies like TotalEnergies and Shell have identified substantial reserves, with production expected around 2030. The key exploration areas include the Orange Basin, Luderitz, Kavango, and Walvis basins. Key Developments by Major Companies: – Chevron: Set to begin […]
TGS, a leading company in energy data and intelligence, has entered into an agreement with Tanzania’s Petroleum Upstream Regulatory Authority (PURA) to manage and license Tanzania’s offshore subsurface data. This includes a vast collection of 2D and 3D seismic data over an area of more than 132,000 square kilometers. The dataset will be pivotal in […]
Overview and Key Points. ReconAfrica is set to begin exploration drilling at the Naingopo Well in Namibia, as part of their operations under Petroleum Exploration Licence 73 (PEL 73). The company is relocating its camp and drilling rig from a previous site to Naingopo, with drilling scheduled to start by the end of the month. […]
To the degree you understand this, you’ll experience the relief of pressure from what everyone else is telling you you “should” do: take risks. You simply do NOT need to take risks to make your new business ventures successful. I’m not saying they don’t help. I’m not saying it’s a bad thing to be a […]
Key Points of the Article Extension of Proposal Deadline: – The Zanzibar government has extended the deadline for submitting proposals for eight offshore oil and gas blocks until December 16, 2024. This extension provides an additional three months for interested parties to prepare their bids. Reason for Extension: – The extension was announced by […]
Sintana Energy, a Canadian oil and natural gas exploration company, has acquired a significant stake in Giraffe Energy Investments. This acquisition gives Sintana a foothold in the Orange Basin off the coast of Namibia, specifically within petroleum exploration license (PEL) 79. This license covers blocks 2815 and 2915, which are near areas operated by major […]
Westwood Global Energy Group’s latest report highlights a significant decline in average discovery sizes and a notable increase in finding costs in high impact exploration. From 2019 to 2023, the average discovery size dropped from nearly 500 million barrels of oil equivalent (mmboe) to approximately 220 mmboe. Concurrently, finding costs have surged sixfold, reaching $1.2 […]
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