tag

Fri,24Nov2017

oil gas

Gas fuels Tanzania, Mozambique growth

Photo©Graham KietzmannMozambique and Tanzania's economic potential has been hard hit by low prices for natural gas, but investors are now looking closer to home for customers.

Read more... 

Oil & Gas: Uganda gives Tullow Oil, Total production licences

Photo©Stephen Hird/ReutersUganda granted on Tuesday five production licences to UK-listed explorer Tullow Oil and three to France's Total, clearing a major hurdle as the east African country aims to move more quickly towards crude production.

Read more... 

Oil & Gas: Kenya finalises agreement for development of crude oil pipeline

Photo©Sue Ogrocki/AP/SIPAKenya has finalised an agreement with oil explorer Tullow Oil and its partners Africa Oil and A.P. Moller-Maersk for the development of a crude oil pipeline, as it bids to become an oil exporter, the president's office said.

Read more... 

Ghana oil companies fail to pay $0.721 million

Photo©Martin Sterba/AP/SIPANine out of 16 oil companies in Ghana failed to pay $721,000 as surface rental charges to the government last year, leading to a 61 percent drop in revenue, the country's Public Interest Accountability Committee 2015 annual report has revealed.

Read more... 

Energy: Nigeria slump hits $1bn Transcorp power investment

File photo©Andy Wong/AP/SIPANigeria's investment conglomerate Transnational Corp. has shelved plans to build a $1bn gas-fired power plant blaming fuel shortages and a lack of finance caused by the country's economic downturn.

Read more... 

Uganda to grant oil production licences to France's Total

Photo©Wolfgang Rattay/ReutersUganda's cabinet agreed on Wednesday to allow the energy ministry to grant three oil production licences to France's Total, the presidency said.

Read more... 

Libya: National Oil Corporation wary of broken promises in oil ports deal

A truck drives as smokes rises following a fire in an oil storage tank at the port of Es Sider, in Ras Lanuf. Photo©ReutersLibya's National Oil Corporation, which hopes to more than quadruple the country's oil output by the end of this year, remains wary that promises to reopen blockaded ports could be broken.

Read more... 

Algeria to implement 'new growth model' to cope with oil price drop

Algerian President Abdelaziz Bouteflika. Photo©Sidali Djarboub/AP/SIPAAlgeria pans to launch a new "economic growth model" for the next four years focussed on reforming the tax system to bring in more revenue and reduce dependence on energy exports.

Read more... 

Uganda central bank warns of "debt distress" if oil revenues delayed

Uganda could face "debt distress" in as little as two years if a start to oil production is delayed further, after ramping up its foreign borrowing in recent years.

Read more... 

Protests over salaries delay Libyan oil shipments

File photo©Kamran Jebreili/AP/SIPAGuards protesting over pay shut the eastern Libyan oil terminal of Hariga on Sunday, delaying two shipments of crude, a port official said.

Read more... 
Subscriptions Digital EditionSubscriptions PrintEdition

FRONTLINE

NEWS

POLITICS

HEALTH

SPORTS

BUSINESS

SOCIETY

TECHNOLOGY

COLUMNISTS

Music & Film

SOAPBOX

Newsletters

Keep up to date with the latest from our network :

subscribe2

Connect with us