Scirocco and ARA Petroleum Tanzania (APT) have executed amendments to extend the longstop date of the proposed transaction from 30 June 2023 to 31 August 2023. Although Scirocco has continued to make progress with the Tanzanian Revenue Authority (“TRA”) regarding obtaining tax clearance for the divestment of Ruvuma, Scirocco and its counterparty agreed it was […]

Tanzanian maiden LNG project has continued to generate undaunted financial commitment from investors. Equinor, Shell and Exxon Mobil have shown unalloyed pledges on the Tanzania multi-billion dollars LNG project deal. The current assurance is coming from Equinor Tanzania According to Equinor consortium, they have agreed a deal with the government of Tanzania for the development […]

Scirocco Energy has Comfirmed Company’s intent to divest its interest in the Ruvuma asset, where Scirocco has entered into an agreement to sell its 25% interest to ARA Petroleum Tanzania (APT). The Tanzanian Fair Competition Commission (FCC) has now granted its unconditional approval for the transaction and issued the Company with the Merger Clearance Certificate. The issuance of […]

Wentworth Resources and Maurel & Prom S.A. have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Wentworth by M&P. The Acquisition will be subject to the Conditions and certain further terms set out in the Scheme Document and each Wentworth Shareholders will be […]

Masdar, one of the world’s leading renewable energy companies, announced that it has signed an agreement with Tanzania Electric Supply Company Ltd. (TANESCO) related to the development of renewable energy projects with a total capacity of up to 2 gigawatts (GW). Abdulla Zayed, Head of Business Development & Investment at Masdar and Maharage Chande, Managing […]

Wentworth, the independent, Tanzania-focused natural gas production company, has announced an operational update. 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 Mnazi Bay field and the associated […]

Wentworth Resources has reached agreement with Scirocco Energy to acquire its 25% non-operated working interest in the Ruvuma Production Sharing Agreement, in Tanzania. The 1.9 Tscf (mean GIIP) Ntorya gas discovery located within Ruvuma, Tanzania is operated by ARA Petroleum Tanzania (50% working interest, Aminex plc 25%) and is adjacent to Wentworth’s Mnazi Bay gas producing asset. The consideration is […]

AMINEX has said that its Operational activities under the Ruvuma PSA in Tanzania, where it owns a 25% carried working interest have progressed under the supervision of operator ARA Petroleum Tanzania (APT’) Seismic camp has being fully constructed, and the contractor Africa Geophysical Services (‘AGS’) is completing the mobilisation of all necessary equipment to site, […]

Wentworth (holding 31.94%) and its joint venture partners have achieved record quarterly production of 91.5 MMScf/d from the Mnazi Bay gas field in the fourth quarter of 2021. This supported the steadily increasing demand for natural gas in Tanzania, which remained strong throughout the second half of last year. Positive economic indicators continue to support […]

Wentworth Resources the independentTanzania-focused natural gas production company  has  announced a joint carbon offsetting partbership Memorandum of Understanding (MOU) with Vitol SA  regarding the supply of carbon credits to partially offset the impacts of its emissions footprint at Mnazi Bay.   In Q2 2021, Wentworth launched its inaugural Sustainability Report identifying climate change mitigation and […]