Somalia’s opportunity as one of the world’s last true oil and gas exploration frontiers may soon be rekindled – creating an industry to deliver long-term economic growth and prosperity to the Somali people. Culled from Africareport. The launch of the 2020 Somali Bid Round after ratification of the Petroleum Law and Resources Revenue Sharing Agreement, the […]
Tullow Oil has recently announced that the sale of its assets in Uganda to Total has been completed with $500 million consideration received earlieras at present. Tullow is also due to receive a further $75 million when a Final Investment Decision is taken on the development project plus contingent payments linked to the oil price […]
Tanzanian president John Magufuli and his Ugandan counterpart Yoweri Museveni on recently gave a green light for the construction of the 1,443km heated oil pipeline that will transport oil from Hoima in Uganda through Chongoleani in Tanga, Tanzania to the world market, saying the remaining issues should immediately be concluded. The two leaders, who met […]
Somalia expects to announce the winners of its first oil and gas licensing round early next year, as the country seeks petro dollars to help rebuild its struggling economy, a senior government oil official said via Reuters. Battered by violence and an Islamist insurgency since clan warlords overthrew a dictator in 1991, Somalia is offering […]
Second Licensing Round has been announced by the Uganda Ministry of Energy and Mineral Resources since last year. The deadline for submitting the application for qualification on the five blocks on offer in the Albertine Graben is September 30th, 2020. The acreages on offer have become even more attractive since Tullow Oil announced the sale […]
Somalia has kicked off an initial roadmap with Shell and Exxon as joint venture partners to explore and develop potential offshore oil and gas reserves, Somalia the Ministry of Petroleum and Mineral Resources announced. “I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture. This gives us confidence in (the)ability to […]
Uganda’s environmental Ua g e n c y , N E M A , h a s a p p r o v e d C N O O C ‘ s environmental and social impact assessment report for the Kingfisher project following ten months of scrutiny and evaluation. Dr. Tom Okurut, NEMA’s executive director […]
Somalia petroleum Minister Hon.Abdirashid Mohamed Ahmed has boosted his country’s endowment in hydrocarbons owing to its favorable geological structure and it possess huge opportunities for investors looking to enter the East African market. Mohamed Ahmed made this known during theAfrica Oil & Power conference.“Nowhere is the contribution that the energy industry can make to civil […]
