Horizons 2015: What to look for in the year ahead

[twitter-follow screen_name=’oilnewskenya’] Source: Wood Mackenzie Macroeconomics: Asia’s consumers are key “The rate at which China’s economy rebalances away from investment and towards consumption will determine long-term trends in energy demand,” Cynthia Lim, … Read More

Ophir Energy discovers 1.03TCF of gas in Tanzania’s Kamba and Fulusi prospects

Ophir Energy has  announced Kamba-1 well in Block 4 has resulted in gas discoveries of 1.03TCF in the Kamba and Fulusi prospects. The well was drilled by the Deepsea Metro … Read More

Solo Oil receives $5 million debt facility to fund Tanzanian projects

[twitter-follow screen_name=’oilnewskenya’] Solo Oil Plc has announced that it has drawn down the first US$1 million of a US$5 million 3-year debt facility secured today, and has closed a Placing … Read More

Mozambique to legislate on liquefaction of natural gas

[twitter-follow screen_name=’oilnewskenya’] Mozambique is in the process of legislating on the liquefaction of natural gas from the rich Rovuma basin Macauhub.com reports. The legislation is expected to provide guidance on … Read More

Special Unit to monitor Tanzania’s natural gas revenues, sovereign wealth fund

Tanzania has announced it will be forming a special unit that will look into the country’s revenue from natural gas as the country prepares to start production in the first … Read More

TPDC dismisses claims Tanzania will lose $1billion annually from gas sales

The Tanzania Petroleum development corporation (TPDC) has dismissed a leaked document that shows that the East African country will lose $1 billion annually under a production sharing agreement between TPDC, … Read More

Mozambique and Tanzania sign MoU to cooperate in hydrocarbon sector

The Tanzanian Petroleum Development Corporation (TPDC) and The Mozambique National Petroleum Institute (INP have signed a memorandum of understanding that will enable both eastern African countries partner in issues related … Read More