Dutch marine engineer SBM Offshore has won a contract to supply a new production vessel for oil major Exxon Mobil in Guyana, setting its shares on track for their biggest gain in nearly two years. Under the terms of the deal, SBM will engineer and design a second floating production, storage and offloading vessel (FPSO)
Tanzanian Officials in Meeting with Oil Giants Royal Dutch Shell, Statoil, Exxon Mobil, and Ophir Energy over Natural Gas Plant deal
Tanzania said it is meeting executive officials from giants Royal Dutch Shell, Statoil, Exxon Mobil, and Ophir Energy to commence negotiations on basic understanding of hosting government agreement for the new gas plant. Construction of Liquefied Natural Gas plant in East Africa’s biggest holder of natural gas reserves after Mozambique is yet to be decided.
Tanzania says will also build Natural gas Pipeline to Uganda in Return to Hoima-Tanga Route Offer
Tanzania said it was planning to build a pipeline to supply natural gas to neighbouring Uganda as it looks to export some of the huge offshore gas reserves discovered in recent years. East Africa is a new hotspot for hydrocarbons exploration after substantial oil deposits were found in Uganda and major gas reserves discovered in
Tanzania Announce discovery of additional 2.17 Trillion Cubic Feet of Natural gas near Capital Dar es Salaam
Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation’s total estimated recoverable natural gas reserves to more than 57 tcf, local media reported on Thursday. The onshore reserves were found at a field licensed to the United Arab Emirates’ Dodsal Group located at Ruvu
Giants Exxon Mobil, Eni and Sasol Emerge winners of Fifth Mozambique Oil Exploration Licencing Round
Oil giants Exxon Mobil, Eni and South Africa based Sasol emerged among the winners of the Mozambique’s lucrative exploration rights for fossil fuels off its Indian Ocean. Exxon Mobil dominated the bids by taking three blocks Out of the six The companies won the bids in Mozambique’s fifth oil and gas round issued by the