Statoil, Exxon Mobil discover an additional 1.2TCF in Giligiliani-1 well offshore Tanzania

Statoil and co-venturer Exxon Mobil have announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic … Read More

Statoil seeks to be the most carbon-efficient oil and gas producer globally

Statoil CEO Helge Lund will today put forward the company’s climate commitments as he addresses the UN Secretary General’s Climate Summit in New York according to a statement in the … Read More

Technip awarded renewal of subsea services framework agreement with Statoil, Exxon Mobil & Gassco

Technip was awarded a new framework agreement by Statoil, Exxon Mobil and Gassco for diving, subsea intervention and repair contingency services. Under the terms of this framework agreement, a replacement … 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

LNG from East Africa – how the odds are stacked

Story by lexology.com How much gas? Vast amounts. Mozambique alone is estimated to have gas reserves of up to 150 trillion cubic feet  (TCF) and Tanzania potentially as much as 50 … Read More

Statoil, ExxonMobil makes another high-impact gas discovery offshore Tanzania

[twitter-follow screen_name=’oilnewskenya’] The discovery in the Piri prospect is Statoil and co-venturer ExxonMobil’s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. The discovery of an additional … Read More

Smaller firms will lead East Africa’s oil and gas development

Source: Reuters Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa’s oil and gas industry as majors ditch riskier projects as margins … 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