Wentworth to Present at the First Energy Global Energy Conference In London

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wentworth-logo Wentworth Resources which is an independent energy company with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique has announced that Managing Director, Mr. Geoff Bury, will present a corporate overview at the FirstEnergy Global Energy Conference being held on Monday 21st and Tuesday 22nd  September 2015.   The conference is being held at the Intercontinental London Park Lane, Hamilton Place, London W1J 7QY.

The presentation is available by visiting the Company’s website at www.wentworthresources.com.

Total’s bid for a Tanzania pipeline route rejected

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bdsouthsudanoil1Kenya and Uganda have rejected a push by Total France to have a proposed crude oil pipeline, being developed by the two countries, pass through Tanzania.

Total has been on a publicity offensive to have the route changed — from Hoima in Uganda via northern Kenya to Lamu on the Indian Ocean — in favour of another from Hoima via central Tanzania to the port of Tanga on the Indian Ocean.

Industry sources said Total accuses its partner in the Uganda oilfield, Tullow, of having vested interests in the pipeline passing through northern Kenya, where the UK company has prospects of pumping oil.

“The oil companies can have their concerns on the Northern Corridor and agree to develop an alternative route for the pipeline just the same way the two governments had their concerns on the southern routes and agreed on the low-cost, low-tariff route, which is the northern one,” said Bashir Hangi, communications officer at the Petroleum Exploration and Production Department of Uganda’s Ministry of Energy.

Technocrats from the two countries held a meeting in Nairobi last week to plan the construction of the pipeline, agreement of which was one of the key outcomes of a meeting between Kenya’s President Uhuru Kenyatta and Uganda’s President Yoweri Museveni last month.

The two presidents directed government officials to fast-track arrangements towards construction of the pipeline.

“Uganda is already engaged in serious discussions with Kenya on the way forward, especially on the conditions given to develop the pipeline,” said Mr Hangi, adding that no oil company had approached Uganda with a proposal for the the southern route.

Media reports had said that oil companies were in discussions with both the Ugandan and Tanzanian governments to have the route diverted to Tanzania.

Total’s corporate affairs manager Ahlem Friga, however, said the company was still evaluating all options — Tanzania being one of them.

Daniel Kiptoo, a legal advisor on petroleum matters at Kenya’s Ministry of Energy and Petroleum, said the two governments could not change the route when discussions had advanced so far.

Two studies — one by Kenya, Uganda and Rwanda and another by the oil companies — were conducted to evaluate which route was the most viable, before the governments opted for the northern Kenya route.

“The findings of the study showed that the northern route was more cost-effective in terms of time and distance than the southern route,” said Mr Kiptoo.

The study estimated that the Northern Corridor route will cost the two governments a total of $4.7 billion while the Southern Corridor route would cost a total of $5.26 billion. In terms of the distance, the 1,500km northern route is shorter than the southern route, which is 1,544km.

It is estimated that oil companies will pay $15.2 per barrel to move the commodity through the 1,500km northern pipeline and $15.6 per barrel on the southern route.

Low Crude Price, Graduates Suffer Stiff Job Competition In Petroleum Companies

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Since the oil price started falling in June 2014, the jobs in oil &gas companies keep falling, oil price crash has led to the many layoff from both operating and service companies many petroleum professionals have lost their jobs while fresh graduates are finding the way to get jobs in petroleum industry. This become difcult task for fresh graduates to get jobs due to the stiff competition in the industry.

Why there is stiff  job competitions in petroleum companies and how it  will affect many recent graduates.
There is stiff competition because the number of people who are seeking jobs in petroleum companies increases due to the current massive layoffs that left many petroleum professionals unemployed. So the demand for job is very high because those petroleum professionals who lost their jobs want to back again in petroleum companies and recent graduates also wish to begin their career in petroleum companies. This led to stiff competitions and it will afects many graduates

How low oil price would  affects many recent graduates as  they looking for  jobs in petroleum companies

  • Experience and training
    Due to this low level of crude prices companies are finding ways to ensure that they minimize costs and making profit, So to hire graduates it cost them in terms of money and time, due to the fact that it require long time to train fresh graduates in order to do the assigned jobs effectively, Therefore applicants with experiences and training are more preferred due the values they add in the companies

when you compare with fresh graduates. So oil companies will kills graduate job in order to cope with this low level crude price.

  • Less Salary
    Even if the oil companies will open fresh graduate jobs in this period of oil price downturn, the companies will chose few best candidates with less salary compared on what they were did before oil price crash. So many graduates will compete over the few jobs.
    Final words
    Possibilities of securing jobs for recent graduates is very lower due to this low crude prices, however if petroleum industry is your passion, you will fight and win the battle

Loss Making Atlas Development Focuses more on Tanzania and Ethiopia as Activity in Kenya Reduces

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Atlas-Development-2-325x244Nairobi securities exchange listed company Atlas Development has said it is now eyeing the Ethiopian and Tanzanian markets as oil exploration in Kenya and the Turkana region witnesses a significant reduction.

 

According to the company business in Ethiopia has been improving with contracts in the potash project where developers have been negotiating and have renewed as they look to advance their exploration and mining operations. 

“The Ethiopian business pipeline is also improving in the natural resource and infrastructure spaces.  With a positive market dynamic and a growth in requirements for international standard support services the Board is hopeful that the Ethiopian operations will generate positive returns,” the company says in a statement. 

 

The company adds that despite agreements in place to provide support services across the delivery spectrum in Kenya revenue visibility is not easy to predict at this time.

 

Atlas development adds that although tenders are being offered by a number of parties throughout the East African region the Board believes that the terms being demanded from service providers are not sustainable. 

“Indeed in a number of recent cases contracts were agreed but terms then adjusted by the clients, causing the work to be unprofitable and therefore unattractive to the Company,” the statement continues.

 

Atlas also says it has conducted a full review of operations in Kenya and dramatically reduced costs and overheads to preserve the balance sheet whilst maintaining a presence to ensure the capabilities are in place to deliver these potentially transformational projects when the time arises or market sentiment changes. 

How oil & Gas professionals who Lost jobs Can Survive the Low Oil Price

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Since falling of oil price in  June 2014  many oil and gas professionals have lost their jobs in petroleum companies.

It is true that Petroleum professionals who lost their jobs in petroleum companies experiencing bad time, this pushes them divert into different industries, sometimes even not related to their experience or field of study, Some  of them spending time at home doing nothing rather than killing time to wait for oil price to recover.

If you are among of them, don’t panic, today I will show you how you can survive during this period of oil price crash. But before i figure out how you can survive, I want you to keep in mind that, this is not the first time oil

This is not the first time oil and gas industry downturn

Remember the similar oil price crash has occurred in 1986, also remember oil price crash has occurred in 2008, so you have to keep in mind that this is not the first time for oil price crash to occur, and also is not the last oil price crush, i predict another crash may exist again. If you know all of this you will realize that this is normal circumstance in oil and gas business.

Now Lets see how you can survive in this period of low crude price

Also You may read :how-to-have-successful-career-in-petroleum-industry

 

1.Diversify

To be employed in petroleum companies does not imply you  unable to work  in other companies unrelated to oil and gas. So this is the right time to   mindstorming and decide where you can work. Also you can learn others skills  or disciplines that can help you while waiting for market to recover.

 

  1. Volunteer.

One of the advantages of oil prices crash is it develop leadership skills and it boost your resume, So  go and volunteer to any institution, don’t underestimate any  volunteering activities just go and learn then chance will go back to you.

 

3. Get  updated with current issues in petroleum industry.

Know where layoff are happened, know the trend of layoffs in petroleum industry, also  you must which sector are still recruit and which segment are not, and this you can know by visiting sites like    tanzaniapetroleum.com etc

 

4.Get job that you will support you to make living.

It doesn’t matter where as long you get money, find where you can add value and this will help you increase chances of getting job later.

 

5.Widen your network.

This is not only will help you to get job but also it’s very important for your career development and success. Such for key people in the internet, use social networks wisely and the one I recommend most is to create professional linkedin profile. Attend events and conference relating to petroleum industry. I

 

FINAL WORDS

It’s difficult to predict when this downturn will end up  but atleast at the end of 2015. So is up to you how to react to  that. If petroleum industry is your passion I believe you will fight and win the battle. But before  that happen  I believe a lot of thing should be done. This is right time to start. Start now…….

 

 

 

 

 

How to have Successful Career in Petroleum Industry

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Have you seen some employee in oil and gas industry  are happier day to day, moving from one position to another, and are promoted faster than others, more productive more fulfilled than others? While others are filled with angry and frustrations. What makes this difference?  Is it Kismet or Kind of  fate?

So to day i will share with you three simple secret that will make you more happier and more successful in your career in oil and gas industry

 

  1. Have open mind and be willing to learn.

You should develop the habit of lifelong learning,  one of common habit that destroy career of many employee in petroleum industry is to stop   learning immediately after getting the job offer. The industry is very diverse no  matter   what the degree or background you should develop the habit of continuous  learning in order to be among of the most respected and successful person in your job or career.

 

 

  1. Understand your company or industry and what role you can play

You must be aware of challenges and problem that face  industry  and thinking on finding  a means you can solve those problems. If you demonstrate interest, passion and great attitude in getting involved, this will assist you to be promoted faster than others who keep on waiting for luck to struck them.

 

 

 

  1. Network with professionals in the oil and gas industry.

Attend every seminars and conferences relating to oil and gas industry where you can meet professionals from different industry. And this tip is work more for students and other job seeker where can start getting contacts to see where you would like to apply and having successful career. You should find upcoming events in the site like Tanzaniapetroleum.com or other sites

MY FINAL WORDS

Those tips I mention above are very simple to apply but it need a lot of commitment.

 

Good luck in your successful career in oil and gas industry

Oil firm drills 100 water wells worth in Zanzibar

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THOUSANDS of residents in Zanzibar will have access to clean and safe water, thanks to the drilling of 100 wells at a total cost of US $5.6 million dollars (about 11.7bn/-) donated by Rak Gas LLC, a company from the United Arab Emirates (UAE) involved in the exploration of gas and oil in the islands.

The company handed over one of the wells at a ceremony graced by Zanzibar Second Vice-President, Mr Seif Ali Iddi, yesterday, in Chumbuni constituency, Urban West region. The water project was undertaken in two phases in which 50 wells were drilled in each constituency by Basix East Africa, a member of Basix International Limited.

“Each of the well has the capacity to produce between 17,000 and 20,000 litres of clean and safe water per day. We have as well installed water pumps at all the wells in addition to the construction of six storage tanks in some areas,” said Basix east Africa Managing Director, Mr Amani Mworia.

In his remarks, Mr Iddi thanked the company for the contribution and urged residents to maintain them, in addition to conserving other water sources in the islands of Unguja and Pemba. “Water is life.

Whoever assists you to get water is a friend indeed. My regards to the leader of Ras Al Khaimah State, Sheikh Saud bin Saqr al Qasimi, for his contribution in the implementation of the project,” he stated.

He said that before the Zanzibar Revolution of 1964 water problems were serious, but the situation had changed gradually as many people now could access the precious liquid.

The Chief Executive Officer (CEO) of Rak Gas Chief Executive Officer, Mr Kamal Ataya, pledged to drill 50 more wells and asked the government to provide it with land to undertake the initiative.

“Once we are provided with land we will immediately embark on the project. Apart from water the company also supports education and health sectors, as well as construction of mosques,” Mr Ataya remarked.

Zanzibar Minister of Lands, Housing, Water and Energy, Mr Abdallah Ramadhani Shabani, was upbeat that water shortage in the islands would soon become history.

“The water wells were drilled in all the five regions of Zanzibar the well we are receiving today at Chumbuni is among those donated by Rak Gas,” the minister explained.

For his part, Zanzibar Water Authority (ZAWA) Director General, Dr Mustafa Ali Garu, said the authority would ensure that the wells were well maintained and protected in order to benefit all the people.

Oil firms prefer Tanga pipeline route to Lamu

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bdsouthsudanoil1Oil companies in Uganda are in discussions with Tanzania for an alternative pipeline route through Tanga despite a recent agreement between Presidents Yoweri Museveni and Uhuru Kenyatta.

Whereas President Museveni of Uganda and his Kenyan counterpart President Kenyatta sealed a deal that if implemented with see Ugandan oil exported through Kenyan port of Lamu, oil companies believe the Tanga route is cost effective.

The EastAfrican has learnt that besides security concerns, the companies are also uncomfortable with the cost of the Lamu route, arguing that the southern route through Tanzania would be cheaper and offer better commercial terms to the users.

“We are evaluating all viable options and the Tanzania route is one of them,” Total’s corporate affairs manager Ahlem Friga-Noy told The EastAfrican.

Total’s senior vice president for Eastern Africa, Javier Rielo  on August 22 met with Tanzania’s President Jakaya Kikwete and discussed the possibility of building a crude oil pipeline from Hoima to Tanga.

President Kikwete supported the proposal as it fits within Tanzania’s ongoing preparatory works to upgrade Tanga port’s capacity to off load petroleum products.

Total E&P, Tullow Oil and China National Offshore Oil Company are equal partners in Uganda’s upstream sector, where 6.5 billion barrels of oil, 1.4 billion of them recoverable, have so far been confirmed.

Sources in the Ugandan government revealed that the Tanga route is also being considered even though the state has no hand in the ongoing discussions led by the oil companies.

A senior Ugandan official said while the country had in principle agreed to the Lamu route as reflected in the MoU that Kenya and Uganda signed during President Kenyatta’s recent visit to the country, the concerns Uganda raised such as the cost and security, mean that the Tanga route could still be explored.

The official added that Uganda would soon commission a feasibility study for the Tanga route, but this would be strictly for benchmarking purposes against alternative routes to the north and determining comparative costs for them.

In the MoU that the two presidents signed affirming the Hoima-Lokichar-Lamu route, it was conditional that Uganda get a low tariff pipeline. Other conditions included Kenya guaranteeing security on its side of the pipeline, quick implementation of the project and mobilisation of the finances, which would be a joint effort.

Although one Ugandan official describes President Museveni’s conditions as just being “precautionary,” the security provision is being seen by the oil companies as likely to push the tariff beyond what alternative routes would offer.

However, Earnest Rubondo, director at Uganda’s Petroleum Exploration and Production Department (PEPD), said all the three possible routes — Lamu, Mombasa and Tanga — are still on the table until conclusive studies are completed.

Last month, the Japanese company Toyota Tsusho, handed to the government a study showing that the Hoima-Lokichar-Lamu routing for the pipeline was more feasible than the alternative — Hoima-Nairobi-Mombasa route.

Tanzania Oil and Gas Strategic Analysis and Outlook to 2025

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author, one of the leading research and consulting service providers for the oil and gas industry, recently published the “Tanzania Oil and Gas Strategic Analysis and Outlook to 2025”. The premier report provides analysis of key opportunities and associated challenges facing Tanzania oil and gas industry.

Amidst downfall in oil prices creating uncertainty on the future of Tanzania industry growth, the report details key strategies of government, oil and gas companies and investors in the country. Detailed outlook of the industry in terms of production forecasts of oil, gas, LNG, LPG, gasoline, diesel, fuel oil along with supporting parameters of primary energy demand, GDP and population are included.

Current status of planned projects along with the possible commencement of the projects, feasibility of developing those projects in current market conditions, expected start up, impact of competing assets in other countries and overall industry developments, investments required and other related information on planned projects is provided in detail.

The comprehensive guide provides analysis and forecasts of Tanzania oil and gas market for the period 2000 to 2025. Asset by asset details of all existing and planned projects across Tanzania oil and gas value chain are detailed in the report.

Driven by strong methodology and proprietary databases, reliable projections of oil, gas, petroleum products, coal, and LNG- supply and demand are made to 2025. The research work examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors.

SWOT Analysis and benchmarking tools are used to analyze and compare the real prospects and challenges of investing or expanding in the industry. Further, the report details all the investment opportunities sector wise, highlighting the industry growth potential and project feasibility. Detailed information on new fields, blocks, pipelines, refineries, storage assets and LNG terminals along with the investments required, current status of the projects and commencement feasibility are provided.

The report also analyzes three key companies in Tanzania oil and gas industry. Business operations, SWOT Analysis and financial performance of the companies are provided. All latest developments in the industry along with their possible impact on the industry are included in the report.

Some of the Key issues addressed in the report include-

– How will be oil and gas supply scenario in Tanzania by 2025?
– Which of the petroleum products will witness the maximum demand growth by 2025?
– What are the new risks and opportunities for investors/ oil and gas companies?
– What are the potential investment opportunities in Tanzania and how much investment is needed?
– How did the production from major fields vary over the last decade?
– What is the current status of all planned projects in Tanzania?
– Who is the market leader and what is the market concentration ratio of pipelines, upstream, oil storage, refining, LNG and UGS sectors?
– What will be the coking/FCC/HCC/VDU capacities in the Tanzania by 2020?
– How much of the LNG capacity is contracted and how much will be available for contracts by 2020?
– What will be the crude oil/petroleum products/chemicals storage capacity by 2020?
– How much natural gas can be withdrawn from underground gas storage tanks in a day?
– How extensive is the pipeline transportation network in the country?

Scope

Coverage-
Across the value chain including Fields, blocks, pipelines, oil, products, chemicals storage, underground gas storage, refineries, LNG

Forecasts and Projections-
Crude oil, natural gas, LNG, petroleum products supply and demand: 2000- 2025

Market Analysis-
Primary energy scenario; SWOT Analysis; Benchmarking with peer markets; Drivers and challenges

Investment opportunities-
Information on investments, current status, routes, owners, construction contracts of Key planned pipelines, planned refineries, new units, expansions and upgrades, exploration blocks on offer, LNG terminals, expansions, new storage facilities

Asset wise Information-
– Oil and gas field details- production (2005-2012), location, operator, ownership
– Refineries- primary and secondary capacity outlook (2005-2020), refineries under operation and implementation (complexity, capacity, location, start up, operator, ownership), refinery expansions
– LNG – capacity outlook (2005- 2020), trade imports, utilization rates (2005- 2014), operational and planned terminals (location, start up, operator, ownership and capacity)
– Storage- oil and gas storage capacity outlook (2005-2020), tank farm details under operation and planned
– Pipeline- crude oil, petroleum product and natural gas pipelines under operation and planned

Competitive Landscape-
Market structure and share of top five companies in each of the oil and gas segments is provided;
Company wise oil, gas production from 2005- 2012 is provided
Net weighted refining, LNG and storage capacity information is provided for historic and forecasted period
Further, detailed business profiles of three leading oil and gas companies in the country are included, detailing their business overview, SWOT and financial analysis.

Latest industry Updates-
All latest industry updates along with their possible impact on the industry, players and investors are analyzed.

Reasons To Purchase

The multi-client market study is used by oil and gas companies, traders, constructors, equipment and service providers, investment, financial institutions and strategic decision makers.

It allows your company to –
– Identify potential opportunities and risks involved in operating and investing in the market
– Formulate effective growth and expansion strategies through reliable forecasts
– Gain clear understanding of market size, trends and challenges for each of the oil and gas segments
– Beat your competition with robust information on the industry
– Understand the operations, strategies of leading companies
– Keep updated with all the recent developments in the industry.

 

For more information visit:http://www.researchandmarkets.com/research/s6szlj/tanzania_oil_and

 

 

 

 

Iss Awarded Paragon Offshore Project In Tanzania

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Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore in Houston as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years.

ISS is providing a range of services for Paragon Offshore including full husbandry, crew logistics, visa assistance and arranging marine and air charters.

Paragon Offshore is deploying jack-up rig M826 on the nine month campaign for PanAfrican Energy Tanzania – the country’s first natural gas producer.

M826 arrived at the field on board semi-submersible vessel, OHT Falcon, to be floated off and pinned to the drilling location.

During the campaign, M826 will clear actively producing wells to enhance output and will drill several new wells in the same field