Australia resource giants invited to Tanzania

Mr Kikwete on Tuesday met with Prime Minister Tony Abbott in Canberra as part of a four-day visit, just months before he ends his second and final term as leader of the east African nation. "We invite companies to develop the LNG, make use of the natural gas to produce other products," the president said at the opening of the talks. "I'm here to discuss how to further our relationship...

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See Why Crude Oil Price Will Stay Low All through 2015 and About Mid -2016

 Now, a lot of people don’t understand what’s going on  and they dont know what causes the low crude  prices ? and they think that OPEC is trying to punish the US Shell players and that’s not it at all. OPEC did nothing, nothing, they just didn’t cut production and they’re doing it for two very important reasons. Number one, they’re sticking a knife in Russia’s back while...

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Will Tanzania Benefit From Natural gas discoveried

ELuck has struck the region of Tanzania. For couple of years now new announcements of natural gas discoveries are  being made. Mtwara, Tanga, Pwani Ruvuma have found natural gas deposits.Exploration is still ongoing So even more discovery could be forthcoming. Luck has definitely struck Tanzania.But the question is how will the people of this country will benefit from this? ...

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Discovery of Natural gas in Tanzania can change Nationa Economy

If you are looking for house in Dar es Salaam hurry up. With the recent discovery of massive natural gas reserves affordable houses will soon become rarity. Those proved and potential reserves can be game changer for Tanzania ...

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See Where does Petroleum Come from

We are going to talk Origin of petroleum But First  I will talk about the origin of the world itself, Rock outcrop at the surface of the earth have been producing oil for century and this oil was known as rock oil, Because at that period oil was seeping out the rock, But at the middle of 19 century some body called the word Petroleum, Petro is greak word meaning rock and leum is latin word...

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Tanzania Petroleum Development Corporation (TPDC) Awards CGG Airborne Gravity Gradiometer Surveys

CGG announced  that it has been awarded a contract by the Tanzanian Petroleum Development Corporation (TPDC) to acquire high-resolution gravity gradiometry and aeromagnetic data over two onshore areas along the South-Eastern Tanzanian Coastal Basin and the eastern arm of the East African Rift. Acquisition over a total area of 30,000 sq km will commence in...

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CAG TO AUDIT OIL AND GAS COMPANIES

Dar es Salaam: The Controller and Auditor (CAG) will carry a special audit on oil and gas industry. CAG Mussa Assad said citizens from areas with gas and oil should benefit from companies operating in their locales. “This sector [oil and gas] is very crucial,” he said, adding “we will make sure they are controlled accordingly to give to the society what it really deserves.”Assad said his...

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Components of Production Sharing Contract in Kenya

Licensing of petroleum exploration blocks, is governed by the Petroleum (Exploration and Production) Act Chapter 308 of the Laws of Kenya. All contracts are based on a Model Production Sharing Contract (PSC) issued as a schedule to the Regulations issued under Section 6 of the Act. The signed Production Sharing Contracts have the following key component: a) Signature Bonus: This...

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Oil prices 'could fall further'

Oil prices may have further to fall despite stabilising in recent months - and even beginning to rise modestly - because of a massive oversupply the International Energy Agency (IEA) has said. The IEA said lower oil prices were likely to last well into 2016. The agency added the world oil market was unable to absorb the huge volumes of oil now being produced. It follows...

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The Ministry of Energy & Mineral Development has announced that the “Uganda International Oil & Gas Summit” (UIOGS) will be held in Kampala on 16-17 September 2015. With a first-class conference programme led by Government, Public Sector and Private Sector industry leaders; the Summit marks an important point on the global calendar. UIOGS is held under the Patronage of Eng. Irene Muloni,Minister...

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New petroleum producers survey policy options in wake of oil price slump

Countries seeking to develop newly-discovered petroleum resources are facing a fall in global oil prices, with competition from the ‘shale gas revolution’ in the United States, as well as renewable energy sources. At a New Petroleum Producers Discussion Group in Tanzania, organised by Chatham House and co-sponsored by the Commonwealth Secretariat, authorities from more than 20 countries...

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See How Oil and Gas Industry Works

Today, we can learn that even though you may be buying Chevron Gas, Chevron may not have much to do with it. Welcome to our overview of the oil and gas vertical. You know most people think they know the oil and gas industry, but they really don’t. So we’re going to see if we can give you some useful information and clear up some common misconceptions. So most people think of companies like ExxonMobil...

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