News » Nogtec

Tanzania signs oil exploration deal with Uganda

October 13, 2017 | Contracts, Exploration / Discoveries, Tanzania, Uganda, Upstream

London, UK | – Tanzania has entered into an agreement with Uganda to help in the search for oil in the Eyasi Wembere Basin and Lake Tanganyika. The two countries already have a crude pipeline deal. This puts to doubt Tanzania’s previous agreement with Democratic Republic of Congo signed a year ago to work on a joint oil exploration in Lake Tanganyika. DR Congo has discovered oil in Lake Albert on its border with Uganda and it hopes to find oil in Lake Tanganyika. Experts …

Kenya awards firms licence to drill for natural gas

October 13, 2017 | Drilling / Completions, Kenya

London, UK | –  Zarara Oil & Gas Ltd will start drilling two wells of natural gas after Kenya’s National Environment Management Authority (Nema) approved environmental licences for well sinking on Pate Island off the coast in Lamu. This is in line with the government’s plan to expedite commercial gas production for power generation. The company has been set strict deadlines by the Ministry of Energy to start drilling Pate 2 by the end of the year and later Pate 3 as the government wants …

Chinese energy firm returns for Uganda oil refinery project talks

October 13, 2017 | Refining & Processing, Uganda

Kampala, Uganda | – Chinese consortium Guangzhou DongSong Energy Group Company has returned to negotiations with Uganda for the planned 60,000 barrels-per-day refinery. Their return comes just weeks after the unceremonious sacking of Energy Permanent Secretary Dr Stephen Isabalija about whom the company had expressed displeasure. Sources say that the government is also considering exiting all financial investment in the refinery as it seeks an investor ready to cover the entire project cost. The new development also comes as parliament pushes government to share more …

Nigerian court seizes 56 houses linked to ex-oil minister Diezani Alison-Madueke

October 13, 2017 | Legal, Management, Nigeria

Superyachts and luxury apartments around the globe are among assets targeted as Nigeria hunts billions in missing oil revenues. Lagos, Nigeria | – A Nigerian court has ordered the seizure of 56 properties linked to the country’s former oil minister, who is facing corruption allegations. Local media and agency reports said the houses, penthouses and flats in Lagos, Abuja and Port Harcourt were worth between £5.5m and £17m. The properties, bought through front companies, were linked to Diezani Alison-Madueke and her cousin, Donald Chidi Amamgbo. …

Tullow Oil awarded four licences in Côte d’Ivoire

October 13, 2017 | Company Operations, Côte d'Ivoire (Ivory Coast), Licensing & Concessions

London, UK | – British African-focused  multinational oil and gas exploration company, Tullow Oil Plc has announced that it has acquired 90% stakes in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10%. The four blocks – CI 518, CI519, CI301 and CI302 – cover 5,035 km2 and located on the coastline of Côte d’Ivoire mostly to the west of Abidjan. Tullow believes that this acreage will complement the Group’s existing exploration portfolio as the blocks are …

Shell buys charging station firm in first electric vehicle deal

October 13, 2017 | Mergers, Acquisitions & JVs, North Sea & Western Europe, Products, Services & Techniques

Amsterdam, Netherland  | – Multinational oil giant,  Royal Dutch Shell Plc has agreed to buy Dutch-based NewMotion, the owner of one of Europe’s largest electric vehicle charging networks, marking the company’s first deal in electric mobility as demand for cleaner vehicles is expected to soar. Shell said NewMotion, which manages over 30,000 charging points for electric vehicles in Western Europe and offers access to thousands more, will operate in parallel to Shell’s program of rolling out fast charging points at its forecourts. “They’re complementary offers. …

NNPC/ IOCs And Crude Oil Theft: Curiously Nobody Is Talking About It Anymore

October 05, 2017 | Latest Featured Articles

By Ifeanyi Izeze | – Is it not curious that the Nigerian National Petroleum Corporation (NNPC), the Navy, the Joint Military Taskforce (JTF) and the International Oil Companies (IOCs) seem not to bother anymore about the menace of crude oil theft from facilities in the nation’s Niger Delta, shallow, and deep offshore arenas? hat suddenly happened? Has crude oil stealing stopped? Is it not curious that the Nigerian National Petroleum Corporation (NNPC), the Navy, the Joint Military Taskforce (JTF) and the International Oil Companies (IOCs) …

Africa’s Richest Man: Oil Is Not The Way Forward

October 05, 2017 | Roundtable Discussion

By Slav Irina |  – The richest man in Africa says crude oil prices would do Nigeria a favour if they stay lower for longer. Last week at the UN General Assembly, Nigerian billionaire Aliko Dangote, whose main business is in cement but also holds interests in agricultural commodities and petrochemicals, said that agriculture—not crude oil—is the way forward for Nigeria, and that Africa “will become the food basket of the world.” The latest economic data from Dangote’s home country tend to support his view. GDP grew …