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Swala Energy Raises Up To $120 Million To Fund Burundi Block Acquisition

Swala Oil & Gas (Tanzania) plc has announced it engaged Exotix Partners LLP (Exotix) to place corporate bonds of up to a value of $120 million in order to finance … Read More

Tanzania, DRC Partner in Joint Hydrocarbon Exploration of Lake Tanganyika

Tanzania and the Democratic Republic of Congo have agreed in joint exploration and development of hydrocarbons in Lake Tanganyika after talks between DRC president Joseph Kabila and Tanzanian President John … Read More

Tanzania President meets Total VP Javier Rielo over Crude Oil Pipeline

Total VP Javier Rielo has assured Tanzania’s president Dr. John Maghufuli that the construction of the Uganda to Tanga pipeline will commence soon. Rielo who held talks with the Dr. … Read More

Tanzania: With Gas Already in Its Bag Tanzania’s Rift System Set to Become Next Oil Frontier

Original Story by Chaby Barasa for Tanzania daily News IF recent geological findings are anything to go by, the East African Rift System (EARS) is poised to become the next big … Read More

Statoil , ExxonMobil CNOOC fight for Tanzania’s Block 4/3A

[twitter-follow screen_name=’oilnewskenya’] China National Offshore Oil Corporation (CNOOC)  Statoil  and ExxonMobil will have to wait and see who gets the offshore block 4/3A after the three companies submitted bids for … Read More