Higher oil prices pay off for Maurel
Maurel et Prom has reported production slipping 5% in the first nine months of the year, even while revenues increased 42%.
Tanzania
Exxon, Shell in East African LNG race
ExxonMobil continues to hold out hope for its Rovuma LNG project, in Mozambique, while Shell has held talks with the Tanzanian government on another East African export plan.
EACOP lines up pipe suppliers
Uganda’s oil plans are starting to come together, with contracts nearing on the current project and with more to come.
Activists prank TotalEnergies with animal exodus plan
TotalEnergies has a plan to evacuate endangered animals from Uganda and Tanzania to France – or so a group of unidentified pranksters would have the world believe.
More than half the world’s oil, gas is unextractable: Climate report
A larger than previously thought share of the world’s hydrocarbons cannot be produced if the world is able to control warming to only 1.5 degrees Celsius.
Tanzania grants more time for Ruvuma gas plan
Tanzania has extended the Ruvuma production-sharing agreement (PSA) to provide time for development of the area’s gas plans.
ARA pushes back Chikumbi drilling to wait on seismic
ARA Petroleum Tanzania (APT) expects to begin acquiring 3D seismic this quarter.
Pressure mounts on EACOP insurers amid carbon push
Groups opposing TotalEnergies’ plan for an East African pipeline have called on insurance and reinsurance brokers to steer clear.
Tanzania to follow Namibia for Matrix
Malvin Chiwanga’s Matrix Petroleum has recently set out a plan to enter Namibia, while next up is Tanzania.
Tanzania signs EACOP HGA, as Kenya launches Lamu
Uganda and Tanzania have taken another step toward construction of a major oil export pipeline, while port operations begin in Kenya.
Long haul ahead on Tanzania LNG plans
Tanzanian President Samia Suluhu Hassan aims to wrap up talks on an LNG project within six months, but the government faces a tough task in securing new investments.
Macron says “count on me” for EACOP support
French President Emmanuel Macron has spoken of his support for the East African Crude Oil Pipeline (EACOP).
Maurel plans 2021 production boost
Maurel et Prom intends to restart drilling in Gabon, on its Ezanga permit, this summer in a bid to recover production losses.
French banks disavow Total’s EACOP plans
Three French banks have committed not to provide project financing for the Total-led East African Crude Oil Pipeline (EACOP).
Wentworth ups dividend, seeks new opportunities
AIM-listed Wentworth Resources’ production dipped in 2020, but revenue was largely flat and the company has upped its dividend.
East African LNG outlook seems positive in 2021 but fluctuating prices, political instability and terrorism risk stifling growth
East Africa is in a prime location to export gas globally but growth and progress has largely been slow, largely because of fluctuating liquified natural gas prices, political instability and terrorism.
Uganda prices up Lake Albert plans
The Lake Albert development, including export pipeline, will cost $15 billion with contracts expected to be dished out following final investment decision (FID) on April 11.
Total gives greenlight in Uganda
Multi-billion dollar Uganda oil project FID tipped for Sunday
Total should announce final investment decision (FID) for its Lake Albert project on April 11.
Tanzania aims to win back investors
Tanzania’s new president has spoken of her desire to get the country’s LNG projects moving, while overseeing a confusing change at Tanzania Petroleum Development Corp. (TPDC).
Tanzania’s new president suspends ports head
Tanzanian President Samia Suluhu Hassan has suspended the head of the Tanzania Ports Authority (TPA) in connection to missing cash.
Mourning pushes back EACOP signing
A deal involving Uganda, Tanzania and Total has been pushed back, following the death of Tanzanian President John Magufuli.
Total launches transparency push in Uganda
Total has published reviews and plans relating to its Tilenga and East African Crude Oil Pipeline (EACOP) projects in Uganda and Tanzania.
Scirocco picks up momentum
Scirocco Energy is making progress in its transformation, from Tanzanian gas explorer to low-carbon asset owner, and is picking up “real momentum”, CEO Tom Reynolds has said.
Uganda goes to the polls amid ruling party crackdown
Uganda goes to the polls today in an election that is likely to see President Yoweri Museveni returned for a sixth term.