By Camillo Atampugre, Vice President for Oil and Gas Baclays Bank… The number and calibre of delegates set to attend the Africa Oil Week conference in Cape Town next week clearly show that the sector is top of mind for many on the continent and around the world. Africa’s potential for further oil and gas
A latest report from watchdog organisation Global Witness titled “How to Loose $4 billion” details how four Africa Oil producers have lost huge sums of money from dubious oil dealings. The report which advocates for transparency in Extractives’ management highlights case studies from Nigeria, Angola, Congo Brazzaville and Democratic Republic of Congo, in which enormous
Tanzania initiated a $1.33 billion project to pipe natural gas to its commercial capital, Dar es Salaam, and help relieve chronic power shortages in the city, the president’s office aid in a statement on Sunday. The 532 km (330 mile) Mtwara-Dar es Salaam pipeline and gas processing plants, largely financed by a Chinese loan, is
The Government of Uganda through the Ministry of Energy and Mineral Development issued the bidding document to the 16 Qualified Applicants for the licencing round of six blocks. The bidding and competitive process will close on 15th January 2016 with submission of bids. The bidding document comprise of Request for Proposal, Model Production Sharing Agreement
British based Solo Oil said it will continue to actively assess new investment opportunities in Africa and elsewhere despite the oil market uncertainty. The company said its pretax loss widened in the first half of 2015 and said its investments in the Kiliwani North gas field in Tanzania and the Ruvuma production sharing agreement in
ANALYSIS A decade of decadence has come to an end for African oil producers. International oil prices have fallen from last summer’s $100 per barrel highs, to averages of $56 in the first half of this year. After generating hundreds of billions of dollars in wealth over a commodities super-cycle, Africa’s big oil producers are
Uganda and other Prospective Africa oil producers should reconsider capital inputs undertaken at the upstream stage of the oil and gas industry, to insulate society from the economic mayhem this can create. The call was made at a stakeholders meeting organised by The Leo Africa Forum, an organization created to provide a platform for quality dialogues on
Mozambique announced closure of the Fifth Licensing round of 15 blocks with hydrocarbon potential in the offshore areas of Rovuma, Zambezi and Angoche, and the onshore areas of Pande-Temane and Palmeira on July 30, 2015. Following a call for applicants that commenced in October 2014, the nation emerged from the Request for application process with seven
Statement by Global witness…. The Government of Uganda‘s decision to publish the companies shortlisted to bid for its latest round of oil contracts is an important step forward for transparency in the country. However, the organisation highlighted the need to carefully scrutinise companies’ environmental and social records, especially given the sensitive nature of the regions
Uganda Ministry of Energy and Mineral development concluded the evaluation process of the applicants of the first Licensing Round for Petroleum Exploration, Development and Production of six blocks in the oil rich Albertine graben. According to the permanent secretary ministry of Energy, Dr. Kabagambe Kalisa, Technical competence, Financial capability, Legal qualification and National content and