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.
LONDON, July 12 (Reuters) – Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant’s supply and formally tap lenders in September, the company told Reuters. The U.S. oil giant took charge of the East African LNG project’s […]
The upstream oil and gas awards launch in Tanzania is the only month away and registration is open. The event happens August 17 at the Serena hotel in Dar es Salaam. Here are the top five reasons to attend: 1. Meet face to face with Exploration and production companies, government agencies and make valuable contacts […]
Canadian firm Orca Exploration Group on July 9 announced that W David Lyons has decided to step back as CEO for personal health reasons but will continue on in his capacity as Chair of the Board. At Mr. Lyons’ request Alan Knowles has agreed to act as Interim CEO and to avoid conflicts of interest will […]
AAIM-listed Aminex said July 11 it has agreed to farm out a 50% stake in its Ruvuma exploration licence, onshore southern Tanzania, to Oman-based Zubair Corporation – which already owns about 30% of Aminex – in a deal that could be worth up to $40mn. The licence includes the Ntorya gas discovery with almost 1.9 trillion ft3 (53bn […]
In a bid to have locals gain employment in the oil and gas industry, China National Offshore Oil Corporation (CNOOC) has urged communities in Hoima to invest in education. The company, which is developing oil fields in Hoima, seeks to acquaint learners in the region with the oil and gas sector as a way […]
Oil and gas activities, such as pipeline construction and extraction of oil and natural gas, create thousands of direct and indirect jobs in Tanzania and East Africa. But when people search for job in the oil and gas sector, they use trial-and-error methods. Most people don’t succeed with this approach. This article looks at a […]
The oil prices fall from over $ 100 per barrel In June 2014 to under $ 29 per barrel in January 2016. We have seen the oil price downturn is counting. And nobody knows for sure when the price will recover. The simple truth is oil price crash has both good and bad consequences to […]
Natural gas has been produced in Tanzania for local consumption since 2004. The first and most productive gas field has been discovered during the past 32 years. Abundant natural gas deposits are found in many areas of Tanzania. Total recoverable gas is estimated at 57 trillion cubic feet and much of that has been used […]
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 […]
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