Oil majors Shell and Eni paid US$1.1bn to an Illegal company and secured exploration and production rights for one of West Africa’s largest oil fields, situated off the coast of Nigeria, Global witness has said. The company called Malabu Oil and Gas, was by the time of payment in 2011 secretly owned by the former
Tanzania to start Advanced Oil search in Lake Tanganyika
Tanzania Petroleum Development Corporation (TPDC) will start an advanced search for oil in Lake Tanganyika, Uganda Oil has learnt. From its first stages of surveys across Lake Tanganyika waters, TPDC believes that a greater part of the the lake contains abundant oil resources. The authority harbored interests in making advanced search in the second largest freshwater
African Institute For Energy Governance tasks Uganda Presidential candidates to address anomalies in the Oil Industry
The African institute for Energy governance (AFIEGO) called on Uganda presidential candidates to address themselves on anomalies surrounding the oil industry. The Organisation highlighted a number of issues including; ensuring that the Ministry of Energy and mineral development puts in place the local content policy as prescribed in the National Oil and Gas Policy (NOGP) 2008, Ensuring
Tullow announce Farm-down in Kenya, expects to make Final Investment Decision in Uganda in 2017
British-African Giant Tullow Oil Plc has expressed optimism about the status of its development projects in East Africa saying it’s nearing Final Investment Decision (FID) The revelations are contained in the Company’s November Trading update, which details the current project status and the business projection of the last quarter of the company’s Financial year. Tullow
Oil and gas Activity Glossary: Definition of Major Terms Used
2C: Best estimate 2D: Two dimensional 2P: Proven and probable ACQ: Annual Contract Quarterly Appraisal Well: Well drilled after the discovery of oil or gas to establish the limits of the reservoir, the productivity of wells in it and the properties of the oil or gas. See also development well Barrel: (bbl: barrel; mmbbls: million barrels) a unit
About Africa Institute for Energy Governance (Afiego)
Africa Institute for Energy Governance (AFIEGO) is a public policy research and advocacy NGO dedicated to influencing energy policies to benefit the poor and vulnerable. Based in Kampala- Uganda, the organization was born out of the need to contribute to efforts to turn Africa’s energy potential into reality; and to ensure that the common man
Nigeria Echos need to Renegotiate Commercial Oil contracts, says sector is no longer profitable
LAGOS The Nigerian National Petroleum Corporation (NNPC) said its latest move to re-negotiate Oil and Gas contracts is a part of a series of measures to save the nation from the devastating sharp fall of revenues from the oil Industry. In a presentation at the 33rd Annual International Conference and Exhibition organised by Nigerian Association of
‘Maersk’ and ‘Africa Oil’ agree to Co-Own Onshore exploration Licenses in Kenya and Ethiopia
Danish Oil giant Maersk Oil has entered a farm-out agreement with Canadian based Africa Oil Corporation to acquire 50 percent stake in three of the latter’s onshore exploration licences in Kenya and a further two in Ethiopia. The exploration areas in question cover the Turkana region of northern Kenya and southern Ethiopia. According to a statement
Shell has defied Orders to Clean Oil spills in Nigeria says Amnesty International
Oil giant Shell is “blatantly false” when it claims it is cleaning up spills that continue to destroy the livelihoods of hundreds of thousands of Nigerians, Amnesty International said. A new report quotes one contractor as saying his clean-up was “a cover-up” that involved simply turning over earth to let spilled oil dry for a few days, then