Africa's Oil, Gas and Energy News.
Following record production achieved in 2021, Wentworth and its joint venture partners continued to realize strong production rates throughout 2022,recording an average production rate of 92 MMscf/d year to date. The five producing wells in the … Read More
Tanzania has made history with the signing of the initial Host Government Agreement (HGA) for the country’s $30 billion liquefied natural gas (LNG) project. The agreement, which defines the fiscal, … Read More
Ruvuma Transaction Highlights Total consideration of up to US$16 million comprised of: Initial consideration of US$3 million payable on completion of the Proposed Transaction; US$3 million payable upon final investment … Read More
Petrodel Resources has announced its intention to revive its operations in Tanzania. Petrodel is the owner of the Tanga, Kimbiji and Latham licenses in Tanzania and were acquired in 2006. … Read More
Bolloré Logistics has announced that it has been awarded a contract for the Main Logistics Contractor Services (MLC) for the East African Crude Oil Pipeline (EACOP) project following an extensive … Read More
2D Seismic Interpretation Helium One’s ongoing interpretation of Phase II 2D Seismic data has identified multiple areas of interest with potential closure at both the Lake Bed and Karoo Group levels. The … Read More
The East African Court of Justice First Instance Division last Friday adjourned the hearing of Application No. 29 of 2020 seeking a temporary injunction restraining the Governments of Uganda and … Read More
Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in … Read More
Highlights · Wentworth’s share of gross 2P Reserves as at 31 December 2021 estimated to be 135.2 Bcf (22.5 MMboe) with an after-tax NPV10 of US$108.1 million · Gross full-year 2021 production was 29.8 … Read More
The three countries Kenya, Uganda and Tanzania could see investments of over $13 billion in the upstream sector from ongoing exploration and entry in the development stage. This is according … Read More
