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zero capital

Has happened to you?

You start from scratch, You don’t have money, you don’t have a connection.But doing business in Tanzanian oil and gas sector interest you.

You wonder how you can invest in Tanzanian gas sector? in the situation, your pocket size is too small and you have limited capitals? Right?

You feel overwhelmed! 

People (Include me ) tells you there are enormous wealth in Tanzanian oil and gas sector.And you want to be thrilled with the flow of  hundreds  of dollars into your bank account.

But lack of capital makes you feel too down to join the league of Tanzanian oil and gas business

The situation is even worse when you hear people say oil and gas business is only for big boys having huge financial muscles. Do You lose hope?

So So So frustrated?

Don’t worry,
Lots Tanzanians faces the same struggle. when it comes to investing in Tanzanian gas sector capital is popular excuses to best of us

But.what if told you can start doing oil and gas business with little or zero capital?

what if I confidently tell you there smart way to profit with our new found wealth and become parts of natural gas boom with zero capital?

All you need is Idea, or concept  material, or  technology or procedure  that would help in Oil and gas companies or solve specific problem in the sector.

Sound impossible? Here’s how

Oil and gas business face stiff competitions.

They compete for each other. Oil firms want to attract new clients,

They want to minimize operation costs. Also, they want to get a job done better and faster as well making the huge payoff.

However, oil companies are aware that lots average people outside there have a great ideas or new material or new procedures that would help them to address these competition and  achieve specific goals.

So what they do?

They have a group that travels all over the world to look for individuals, entrepreneurs small start up business who have new ideas or material that suit them.

And they invest billions of dollars into your new ideas or concept

And the best part

These Oil firms give you money, they give you research they give you training and scientists to help your business or idea grow

Ever imagine? you run a small business you or just an entrepreneur you just have an idea and oil giant company realize your idea could impact their business.

And fund you millions of dollars to grow it . How does it sound? Sounds pretty, you move from zero to hero sometimes overnight

Read also:The Ultimate Guide to Invest in Tanzanian Oil and Gas Sector

What are the oil companies that are willing to invest into you
Example of these oil companies includes the following that support small start up entrepreneurs.Include the following

How to tap these opportunities from this oil companies? Is all down this

Do you have ideas that will improve existing product or services in oil firms?

do you have material, procedure or technology to help oil firms to run operation smoothly and safely?

If yes feel comfortable to get in touch with one among of above mention oil companies. Or search them on google and-and tell them what you are going to offer them

I know some Tanzanian benefit from these programs and currently, they are good oil and gas companies in Tanzania

Is capital or money hinder you to invest in Tanzanian oil and gas sector?
Yes, you don’t need millions of dollars start-up capital to invest in Tanzanian oil and gas sector.What you need are interest and passion

Read:Important things you need to know to participate in Tanzanian oil and gas sector

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Unfortunately oil and gas do not exist is liquid pools underneath the earth’s surface. In fact, you could hold a rock containing oil in your hand and would not be able to see the oil.

Also Read:How oil and gas are formed

Important Properties of Rocks

Rock Formation Showing Strata For rocks to contain oil and gas they must have two very important properties. The rock must have a place for the oil and gas to be stored. These storage areas are called pores. These pores are not visible to the naked eye and must be viewed using a microscope. The number of pores that a rock contains indicates how much oil or gas can be stored. The more pores the more oil or gas that can be contained in the rock.

Scientists measure the amount of pore space by determining the rock’s porosity. Porosity is expressed as the volume percent of the rock that contains open space and can range from 5 to 30%.

Drawing Illustrating Porosity and Permeability

The greater the porosity, the more oil and gas can be stored in the rock. Porosity does not mean that there is oil or gas in the the rocks. In fact the pores could be filled with water.

Not only must the rocks have pores, the pores must be connected so that the oil and gas can move through the rock. Scientists measure the ability of oil and gas to move through rock by determining its  permeablity.

Oil and gas in low permeability rock have difficulty moving out of the rock and into a well. Permeability is measured in thousandths of a darcy or millidarcys. Sandstone and carbonate rocks are generally the most porous and permeable rocks and are therefore where scientists usually find oil and gas.

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UKTI Tanzania’s revised report provides an overview of Tanzania’s oil and gas sector including supply chain opportunities from the proposed LNG project.

UK Trade and Investment (UKTI) Tanzania has updated their 2014 report which examines the opportunities in the Tanzanian market. The report called ‘High Value Opportunity – Tanzania Oil and Gas’ offers a greater understanding and in-depth knowledge of:

– current and upcoming oil and gas projects
– supply chain opportunities and schedules for the proposed Liquified Natural Gas (LNG) project

Tanzania is a growing oil and gas market with on-going discoveries, including 19 exploration blocks. USD 10 to 20 billion investment is projected for exploration and production in the coming decade.

Exploration activities in Tanzania’s deep offshore waters have led to the discovery of 50.5 trillion cubic feet (tcf) of natural gas over the past 2 years. More discoveries are likely to come as drilling campaigns continue to unfold. It is estimated that the recoverable reserves will double to 100 tcf by the year 2015.

Tanzania forms part of UKTI’s East Africa High Value Opportunity (HVO.)

Contents of report

– background
– oil and gas overview of Tanzania
– opportunities in Tanzania’s LNG project
– doing business in Tanzania

Contacts
Contact Misbah Mughal at UKTI Tanzania to obtain a copy of the report.
Find out more about export help for the UK oil and gas sector.

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Oil and gas exploration companies operating in the country pay foreign private security companies US$3 million (about over 6bn/-) annually, which the Controller and Auditor General (CAG) says was improper.
 
CAG Prof Mussa Assad said the money could be put into proper use if it was paid to Tanzania People’s Defense Forces (TPDF). 
 
The national army, he said last week in Dar es Salaam, was mandated to deal with all the security of the country, including oil and gas drilling rigs. 
 
According to him, that made it relevant for TPDF to qualify for the security consultancy fees currently paid to foreign firms, he explained.
 
Prof Assad said the move would also help support the local content policy for the oil and gas industry which is currently dominated by foreign operators.
 
He gave this outlook last week at the launch of Tanzania Oil and Gas Almanac. He said the involvement of TPDF would as well help save foreign exchange, which is currently repatriated by the security firms.
 
“I am sure that if the US$3 million could be paid to the army, it will be well spent to improve security of our natural resources,” Prof Assad argued. 
 
He pointed out that before the discovery of oil and gas, Tanzania already had gold and diamond, whose mining continues to be undertaken by foreigners. Unfortunately, he argued, the country was yet to meaningfully benefit from the two minerals.
 
He said good governance was vital for these resources to benefit the whole country. He added that the launch of the almanac, which constitutes transparency tools, sought to boost transparency in the extractive industry.
 
Tanzania is poised to become as gas economy after discovery of more than 55 trillion cubic feet of natural gas.
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Upstream Exploration & Development and Midstream Infrastructure Spending in Angola, Namibia, South Africa, Mozambique, Tanzania & Madagascar

Visiongain has calculated that the Southern African oil and gas market will see capex of $18.55bn in 2015, including spending on both upstream exploration & development (E&D) and midstream infrastructure.

Southern Africa is the single largest region of Africa, a region that includes a diverse range of economies all at varying stages in terms of oil and gas industry development. OPEC member Angola and newcomer Namibia on the West coast are set to increase oil and gas production over the coming years with the continuing exploitation of pre-salt reserves. Mozambique and Tanzania are set to rapidly increase gas production to cater for burgeoning domestic and regional demand for gas-to-power facilities, as well as a desire to supply the resource-hungry economies of Southern Asia via LNG exports. South Africa is looking to expand its offshore operations, boosted by successes off its Western coast, as well as hoping to expand onshore shale gas development in the Karoo Basin to supply the needs of the region’s economies. Lastly, Madagascar is set to become one of the world’s most exciting emerging oil producers, and is currently vying for foreign capital along with other countries in the region to develop its large onshore, heavy oil and oil sands reserves over the coming decade.

The report will answer questions such as:
• What are the prospects for upstream oil and gas markets in Southern Africa?
• What are the prospects for midstream oil and gas markets in Southern Africa?
• How are oil prices affecting the Southern African oil and gas market?
• Who are the leading companies in Southern Africa?
• Which Southern African countries are currently attracting the most upstream and midstream spending and how will this change over the coming decade?

How will you benefit from this report?
• Over 280 pages of analysis, including 153 charts and tables, which provide the perfect accompaniment to high-end business presentations
• Details on upstream exploration and development activity across 226 active license blocks in the region
• Information on 24 current and future midstream projects

• Up-to-date oil price forecasting and analysis
• Sections on Economy and Energy Sector Development by country
• Sections on Political Risk Analysis by country
• In-depth interviews with industry experts, providing exclusive insights into oil and gas developments across the region

Five reasons why you must order and read this report today:

1. The report provides forecasts and analyses for the main categories of oil and gas upstream and midstream spending in Southern Africa

Upstream
– Geophysical studies
– 2D studies
– 3D studies
– Onshore wells
– Offshore wells and subsea development
– Floating Production Systems (FPS)

Midstream
– Pipelines
– LNG facilities
– GTL facilities
– Refineries
– Storage

2. The above upstream & midstream submarkets and spending categories are broken down for the six largest national markets in Southern Africa
– Angola
– Madagascar
– Mozambique
– Namibia
– South Africa
– Tanzania
– ‘Rest of Southern Africa’ (Botswana, Lesotho, Swaziland, Zambia and Zimbabwe)

3. Tables and analysis detailing the latest activity within each Southern African licence block

4. The analysis is also underpinned by our exclusive interviews with leading experts:
– James Baban, Managing Director of Tanzania Ltd
– Dr David Mestres Ridge, CEO of Swala Energy

5. Comprehensive accompanying analysis on each country:
– Economy and Energy Sector Development
– Political Risk Analysis

Who should read this report?
– Companies currently investing in, or thinking of investing in, any Southern African countries
– Anyone within the upstream and midstream oil and gas industry
– CEOs
– COOs
– CIOs
– Business development managers
– Marketing managers
– Suppliers
– Investors
– Contractors
– Government agencies
– Onshore/offshore drilling engineers
– Geologists

Don’t miss out

This report is essential reading for you or anyone in the upstream and midstream oil and gas sector in Southern Africa. Purchasing this report today will help you to recognise those important market opportunities and understand the possibilities there.

For more information, please visit : https://www.visiongain.com

 

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Jay Bhattacherjee, chief executive of Aminex (LON:AEX), says the Tanzania Petroleum Development Corporation’s (TPDC) backing of the Kiliwani North as a great sign of support for the project.

Speaking to Proactive, Bhattacherjee adds that TPDC’s decisions to take a 5% working interest in the project provides some assurance that a gas sales agreement will soon be reached and production will get underway.

Participants in the KNDL are currently: Ndovu Resources Ltd (Aminex) 58.5% (operator), RAK Gas LLC 25%, Solo Oil 6.5% and Bounty Oil & Gas NL 10%.

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Hopes of extracting liquefied natural gas (LNG) in the Indian Ocean have been dashed after officials implementing the multibillion-dollar project discovered an underwater canyon that is likely to cause delays.

 
Work on the over US$15bn plant for LNG exports earmarked to start in 2020  now likely to take longer than expected should the government and other key players, specifically oil marketers BG and Statoil, fail to reach an agreement.
 
Venosa Ngowi, a senior petroleum geologist in the state-owned Tanzania Petroleum Development Corporation (TPDC) told the Tanzania Editors’ Forum in Bagamoyo last weekend that the project has ‘stalled’ because at the firms and the government have not decided how to circumvent them.
 
The forum was organised by the Journalists Environmental Association of Tanzania (JET) to brief journalists on contentious issues in the extractive industry.
 
Acknowledging that more needs to be done, Ngowi said the TPDC and oil marketing companies were now cooperating in  overcoming the challenge. She said Tanzania, with its latest discoveries standing at 55.2tcf, holds one of the biggest East African natural gas reserves after Mozambique.
 
Ngowi said 11 wells have already been drilled, among which four were generating power for domestic and industrial use.
 
“Because of the high demand for stable power supply, TPDC has even been using a gas well at Mkuranga, Coast Region, which is not economically viable for supplying . All the wells being used do not include the new ones drilled offshore,” she said, referring to the challenge of setting up an LNG facility.
 
In addition to canyons, construction of the onshore LNG export terminal that would handle two train rakes has been delayed mainly because of complex land acquisition procedures and an uncertain legal and regulatory framework.
 
Energy experts have warned the government not to rush into making decisions on the project, considering that oil and gas prices on the global market are currently not appealing.
 
Nevertheless, Natural Resources Governance Institute (NRGI) senior regional associate Silas Olan’g cautioned the government not to take decisions based on pressure from oil marketing firms.
 
He said it was very likely that the government would lose if prices of oil and gas stabilise in the global market, pointing out:
 
“This is not a new thing. It happened during the rush for gold extraction when pressure was put on the government and it took non informed wrong decisions when the price of gold was not attractive on the world market.
 
“This is what is likely to face Tanzania if it now implements uninformed decisions,” he told this reporter on the sidelines of the forum. He added: “A good investor won’t rush to make investment decisions in the middle of low prices.” he added.
 
Dr Ellen Otaru, the JET chairperson called on the editors to take part in the entire process of reporting the extractive industry for the public to make informed decisions before implementation. 
 

CAPE TOWN, SOUTH AFRICA, October 1, 2015 EINPresswire.com/ — Global Pacific & Partners will host the 22nd Africa Oil Week/Africa Upstream Conference 2015, in JV partnership with ITE Group plc, 26th– 30th October, in Cape Town, South Africa.

This meeting commands unique global reputation as the most important in or on Africa, with 120+ Speakers, 150 + Exhibitors, 40+ Governments – and with over 30+ African National Oil Companies, plus official licensing agencies, and over 1,000+ key senior oil and gas industry executives and state oil officials from across or involved in Africa, currently confirmed to attend.

The Africa Oil Week is trusted worldwide as the only global venue for “one-stop” Licensing Round Announcements, Government Roadshows, and Corporate Showcase – along with rich-content and quality senior executive attendees providing direct opportunity for acreage and asset transactions, deal-making, networking, corporate partnership, new venture initiation, and high-level government relations.

Congo License Round 2016: HE Jean-Marc Thystere Tchicaya, Ministre des Hydrocarbures de la République du Congo supported by PGS, will make a keynote presentation and open the 2016 Licence Round and will host the Congo Roadshow during the Africa Oil Week with Ministerial, DGH and SNPC Delegations in attendance, and supported by PGS.

Gabon License Round Announcement: HE Etienne Dieudonne Ngoubou, Minister of Petroleum and Hydrocarbons, Gabon will be announcing the Gabon Deepwater License Round 2016. The Minister will be at the 22nd Africa Oil Week, with the Government Delegation in attendance, supported by CGG.

Ghana: The Petroleum Commission, Ghana joins as a Sponsor of the 22nd Africa Oil Week 2015. Theo Ahwireng, Chief Executive Officer, Petroleum Commission, Ghana will be present with a Ghanian delegation and the Commission will exhibit.

INP: Carlos Zacarais, Chairman, Instituto Nacional do Petroleo (INP), Mocambique, is confirmed to present at the 22nd Africa Oil Week, with an INP delegation present and also participating in the exhibition.

Kenya: The Ministry of Energy, Kenya, will be in attendance to present plans for future licensing.

Morocco: Onhym will be presenting and has confirmed presence at the Exhibition

New Sponsors: PetroSA, Vinson & Elkins, Wood Group, PSN

New Exhibitors: MGGS, Transnet National Ports Authority, Government of Alberta (Canada), CBH, CapMarine, GAMA Industrial Plants, Red Sea Housing Services, Horizon Geosciences, Stormgeo, RSI Geophysical, Vinson & Elkins, Ethiopia, McDermott, Geospace, Sonangol*, Bell Geospace, Cameron, ONHYM, Friburge Oil & Gas

The 22nd Africa Oil Week encompasses: the 13th Africa Independents Forum, 17th Scramble for Africa Strategy Briefing (Presentations by Dr Duncan Clarke, Chairman, Global Pacific & Partners) and 71st PetroAfricanus Dinner In Africa with social networking occasions, breakfasts, luncheons, dinners, and cocktail receptions.

Government & Country Presentations and Participation includes: Equatorial Guinea with Minister, Gabon with Minister and Ministry Delegation, Ghana, Mocambique, Egypt, Kenya, Uganda, Nigeria-Sao Tome & Principe JDA, Somalia with Minister, South Africa, Seychelles, Madagascar, Morocco, Ethiopia, Senegal, Namibia, AGC (Senegal-Guinea-Bissau), Malawi, The Gambia – plus with Bid Rounds and Roadshow Announcements from:Republic of Congo, with Minister, Government Delegation and SNPC-DGH, and Republic of Gabon – plus with Government Delegations from Sonangol and Angola, Madagascar, South Sudan, Sao Tome & Principe, and many others, as well as with Speakers Africa-wide on Cameroon, Nigeria, Tanzania, Comoros, Mauritania, Sierra Leone, Liberia, Chad, Zimbabwe, India in Africa, Japan in Africa, China in Africa, Statoil in Africa, United States in Africa, Canada in Africa, and African Development Bank, IFC, TSX, JSE, and Nipex.

Sponsors

ACAS-LAW, Africa Finance Corporation, Africa Oil Corp., Africa Petroleum Corp., AirFrance / KLM, Anadarko Petroleum Corporation, Centurion LLP, Chevron, Discover Exploration, ENI, Erin Energy, ExxonMobil, GEPetrol Equatorial Guinea, GreenbergTraurig, IHC Mercedes Holdings, Impact Oil & Gas Ltd, Nedbank Capital, Noble Energy, Oando, Ophir Energy, Petroleum Agency SA, Petroleum Commission Ghana, Petrolin Group, PetroSA, PGS, Pluspetrol, Polarcus, RPS, Rystad Energy, Salama Fikira, Saldanha Bay IDC, Seplat Petroleum, Seven Energy, Shell, TMX / Toronto Stock Exchange, Tullow Oil plc, Total, Veolia, Vinson & Elkins, Woodside Energy, Wood Group PSN

Detailed Program: includes 13th Africa Independents Forum, 17th Scramble for Africa Briefing, 71st PetroAfricanus Dinner in Africa, 22nd Africa Upstream, Africa Oil & Energy Finance Forum, plus Forums on Africa Exploration Technologies, Africa Local Content, and Africa’s Young Professionals

Visit www.africa-oilweek.com

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Recently, transparency become hot in Tanzania’s Oil and gas Sector. Many organisations work hard on launch their findings  to promote transparency in natural gas industry

Yesterday the Friedrich- Ebert -Stiffung (FES)  Tanzania, launched its “Tanzania Oil and Gas Almanac” and present other  tools aimed at promoting  transparency in Tanzania’s oil and gas industry. you can also read: fes launched tanzania oil and gas almanac

Also on september 1st 2015, Twaweza organization released their findings which has shown 77 percent of Citizens want more information on recent natural gas discovered.

Few days ago   Poverty alleviation (REPOA) and Center for global deviation has done research, and their findings shows that most Tanzanians support publishing of all oil and gas contracts and government revenue generated from oil and gas . Read here:citizens of Tanzania support-extracting and selling of natural gas internationally

The key question here is why  these various organizations try hard to promote transparency in  natural gas industry in Tanzania?

They do all of these because transparency is necessarily important for emerging oil and gas producer country like Tanzania.

Now let us See

                           Why transparency is very crucial in Tanzania’s Natural gas industry?

1.Manage public expectations

By citizens being aware of the time frame of production, how big discovery it is, educate them difference between  a discovery and a commercially  proven discovery, we would be able to manage public’s  expectations like massive job creations to  Tanzanians,  you can also read . see why discovery of natural gas in  Tanzania Could not bring too many jobs to Tanzania as they believe

2.Improve fairness to Citizens 

Disclosure of financials data and contracts can help convince both citizens and companies that the process is fair,.

3.Reducing Conflicts

By identify which group require specific communcation including citizens living nearby producing regions, it might reduce conflicts and chaos, what happen in Mtwara was due to lack of right information to the citizens.

4.Public support

Tanzania as a new gas producers, by contract disclosure benefit the country because make the term public available can increase public support for project.

5.Wining the trust of Citizens

Disclosure of information related to tendering and licensing process could raise the citizens confidence as the revenues  generated from the Natural gas industry would not  only stay in the  hand of corrupt leaders and rich men instead will all citizens and country will benefit as whole.

MY FINAL WORDS

Transparency is very  essentials in Tanzania’s Natural gas industry,also engagement of average citizens is particularly important in avoiding conflict.  Also those information should published  in both  swahili and english language so as  can be easily  understod to every one

Dear  readers we love more you comments from all of these.

prepared by Hussein Boffu founder of This site

Dubbed the Tanzania Oil and Gas Almanac, the database will be available in hard copy and on the internet in both Kiswahili and English languages. Speaking at the launch of the portal yesterday, retired Controller and Auditor General (CAG), Mr Ludovick Utouh, was hopeful that the almanac will enhance transparency in the nascent industry.

“The challenge is however to spread the information to people in rural areas who can hardly access the internet,” Mr Utouh noted. The almanac, according to FES Resident Director in Tanzania, Mr Rolf Paasch, will assist the country to promote transparency and accountability in the oil and gas sector.

“It has been created to significantly increase the stock of information available in local contexts among extractive stakeholders including civil society organizations, government, the media and international oil companies,” he explained.

Adding: “Information included in the database has been drawn from publicly available sources. It was created using Media Wiki software, meaning that there will be online database of all updated articles.”

The Chief Editor of the almanac, Mr Abdallah Katunzi, said the portal will provide timely information for the general public, researchers, policy makers and the media, among other stakeholders.

“There are about 16 countries in the world with such a database; lack of information on extractive industry is among challenges the country has been facing,” Mr Katunzi who is a lecturer at the University of Dar es Salaam, noted.

According to Katunzi, study conducted by research organization Twaweza found out that 77 per cent of Tanzanians are not aware of discoveries of natural gas and thus the need for heightened awareness.

“In the study it was found out as well that three out of four Tanzanians had no idea of the existing natural gas policies. The almanac will provide information on all issues to do with the industry,” he explained.

At the same occasion, the Executive Director of Twaweza, Mr Aidan Eyakuze, urged operators of the portal to provide information that can be easily interpreted by users.

“It will play a crucial role for people to obtain information but I urge those operating to ensure they post useful and high quality data,” Mr Eyakuze stressed.

Tanzania has so far discovered more than 55 trillion cubic feet (tcf) of natural gas and exploration is still underway in both offshore and onshore. With the reserve at hand, the country readies itself to join the gas economy.