Tanzania Petroleum is the 'Better Business' publication serving the energy and petroleum industry in Tanzania and across Sub-Saharan Africa. For advertising reservations, contact Hussein Boffu at Hussein.boffu@tanzaniapetroleum.com or via WhatsApp/Call at +255 (0) 655 376 543.
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 […]
The cost of building a petrol station in Tanzania is influenced by various factors that impact both initial investment and ongoing operational expenses. Understanding these factors is crucial for stakeholders considering entering this market. Location Impact: One of the most significant factors affecting the cost of building a petrol station in Tanzania is its location. Urban […]
1.Investment Scale Tanzania: – Estimated Cost: $42 billion – Significance: One of the largest energy projects in eastern and southern Africa. Mozambique: – Total Investment: Not fully disclosed – Major Projects: – Total-led Area 1: ~$20 billion – ExxonMobil’s Rovuma LNG: ~$15 billion Analysis: Tanzania’s LNG project is notably larger in financial terms, indicating a […]
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