Posts Tagged ‘oil’
Kenya hopes a commercial discovery will be made in the near future as the country has geological features similar to those of areas where crude oil was found in Uganda and natural gas is being exploited in Tanzania.
More than a year after Ghana pumped its first commercial crude oil, production is yet to reach its capacity of 120,000 barrels per day (bpd).
African governments are increasingly seeking a bigger chunk of their mineral resources wealth.
This Day newspaper reports that none of the international oil companies operating in Nigeria have shown an interest to build a refinery in the country.
UK-based Tullow Oil has announced that it will develop more oil fields off the Ghanaian coast.
Tanzania has awarded oil and gas exploration rights for the northern side of Lake Tanganyika to a subsidiary of French energy company Total SA, its state-run petroleum agency said on Tuesday.
Potential crude oil resources off the coast of Namibia could have a considerable impact on the country that has a population of just over 2 million.
Namibia could become a major oil producer by as early as 2015.
Canada’s Africa Oil is planning to start exploring for oil in Somalia’s semi-autonomous Puntland region.
After many months of discussions around tax disputes Tullow Oil, has signed a memorandum of understanding with the Government of Uganda.
Ahead of the proposed start of oil production next year, Ugandans have mixed feelings about how crude will impact their lives.
Africa is poised to become a major player in the global oil markets due to the discovery of new reserves and as it ramps up production to meet growing global demand, especially from China.
Uganda is pinning a lot of hope on the domino effect to other parts of the economy that the discovery of oil could have.
Daily Trust newspaper reports Nigeria’s Federal Government is set to approve the execution of a comprehensive hydrocarbon mapping of the country to activate the efficient search for oil and gas across the inland sedimentary basins.
Cooperation between Uganda and other East African states is critical for the successful development of the country’s oil and gas industry, Brian Glover, the country manager of Tullow Uganda said yesterday.