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.
As the term implies, a national oil company (NOC) is an organization somehow linked to a country’s government. Unlike a multinational or international oil company (IOC) whose shareholders hail from the private sector, a government partially or fully owns a NOC. The profit motive does matter to NOCs, but these entities’ ties to the public […]
Tanzania plans to spend $2.6mn (6bn Tanzania shillings) in the 2018/19 financial year, ending next March, on conducting a pre-front end engineering design (pre-FEED) for a liquefied natural gas (LNG) plant and compensating 450 project-affected people, according to national budget plans released last week. Five international gas companies are working on building a $30bn onshore […]
The state owned Chinese oil company developing Uganda’s crude finds with Total SA and Tullow Oil Plc, said production at its Kingfisher field will probably start in 2021. Cnooc is likely to bring Kingfisher on stream three years after making a final investment decision, expected later in 2018, according to Likun Kuang, finance manager […]
Are you want to understand the business of oil and gas industry? The article provides insight on 10 lucrative businesses that oil and gas companies do in Tanzania 1.Producing oil and gas. This business involves identifying oil or natural gas, develop and extract the resources and extract. Companies involved in this business often called exploration […]
Oil and gas company activities can be very large undertakings in physical and economic terms. They may bring many benefits to host communities. They may also involve a range of impacts relating to health and safety, economic, social and/or environmental concerns. This article provides insight into how the oil and gas companies operating in […]
Canadian firm Orca Exploration Group said May 14 that it has agreed to an additional extension of the date, by which it will achieve key stages in the divestment of a 40% interest in its Tanzania gas production business to local firm Swala Oil & Gas for up to $130mn, from May 11 2018 to June […]
Oil and natural gas continue to be the cost-effective source of energy to electric power, industrial and residential sectors. Beside from producing natural gas that used as cost-effective source of energy to electric power, industrial, commercial and residential sector, Tanzania’s oil and gas use oil and natural gas in its own operation. Tanzania’s oil and […]
Finding the right speakers who can speak about the topic in the oil and gas sector can be frustrating in Tanzania. This is because the industry is still new in the East African countries, so many people might lack professional knowledge on the different subjects in the oil and gas industry If you are looking […]
The oil and gas companies activities bring immense benefit to Tanzanians and the country as well. They create jobs, government receive royalty and collect the tax. But they may also bring impacts relating to health and safety. The fact is the upstream oil and gas activities are hazardous. Drilling projects, seismic, helicopter transfer to offshore, […]
Deficiency of local skills can be major barriers to local participation in the oil and gas company’s activities. Some oil and gas companies deal with this by investing in skills development programs. This include: 1. Partnering with local universities. Norwegian Statoil operator of Area 1 offshore Tanzania partnered with Department of finance at the […]
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