The Samora Avenue

OIL & GAS

Oryx builds LPG liquefaction plant

    Oryx builds LPG liquefaction plant

ORYX Energies has commissioned the first LPG Cylinder liquefaction plant in Tanzania, a move that would boost supply of gas in the country. According to the company’s Country Director, Mr

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Statoil launches safety training for fishermen

    Statoil launches safety training for fishermen

STATOIL Tanzania yesterday launched a Safety of Life at Sea training for 100 fishermen in Mtwara with the aim to improve their knowledge on how to survive at the sea.

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Parliament endorses crucial petroleum bills

    Parliament endorses crucial petroleum bills

IN a historic decision, Members of Parliament (MPs) on Sunday unanimously approved legal and regulatory framework for developing the country’s hydrocarbons industry, after days of what was vividly hot and

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Gas economy to boost growth, living standards

    Gas economy to boost growth, living standards

GAS discovery is expected to boost the growth of the country’s gross domestic product (GDP) tremendously to the extent of enabling Tanzania to be among the middle income countries within

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Diversifying from oil: Angolan sovereign wealth fund eyes hotel investments

    Diversifying from oil: Angolan sovereign wealth fund eyes hotel investments

The Angolan sovereign wealth fund, Fundo Soberano de Angola (FSDEA), was officially launched in October 2012 with US$5bn in initial

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Why East African countries could lose out on low oil prices

    Why East African countries could lose out on low oil prices

NAIROBI, FEBRUARY 9, 2015 – East African countries are unlikely to significantly benefit from falling global oil prices due to

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Plunging Oil Prices Bring Gains and Losses to the Middle East and North Africa Region

    Plunging Oil Prices Bring Gains and Losses to the Middle East and North Africa Region

WASHINGTON, January 29, 2015 – The over-50 percent decline in world oil prices—from US$115 a barrel in June 2014 to

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Wentworth Resources Limited : Kifaru Drilling Operations Commence

    Wentworth Resources Limited : Kifaru Drilling Operations Commence

Mozambique: Kifaru-1 Drilling Operations Commence Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, today announces that drilling operations have

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