Swala Concludes Agreement To Exist Zambia

Swala Energy Limited (“Swala” or “Company”) advises that, following a review of its assets and operations and as part of its continuing cost reduction exercise, it has decided to exit from Zambia so that it can continue to focus on its core areas of East Africa. To facilitate this action it has entered into an agreement to relinquish control of Swala Energy (Zambia) Limited (“Swala Zambia”)...

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Low Crude Price Will Lead To The Shortage of Talents In Many Petroleum Companies

Oil companies have been doing recruiting in  local university. Where by graduates from these Universities have received jobs offer prior to their graduation date. Forexample In Tanzania, graduates from University of Dar es Salaam and Dar es Salaam Institute of Technology have received these job offer from oil companies. In order to cope with this low level price ,oil companies has...

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Swala Gets Extension to its Kilosa-Kilombero, Pangani Licenses in Tanzania

Swala Energy Limited (Swala or the Company) reported Monday that the Tanzanian Ministry of Energy and Mining (MEM) has agreed to extend the period within which an exploration well must be drilled in each of the Kilosa-Kilombero and Pangani licenses in Tanzania to Feb. 20, 2017. This one-year extension is to be deducted from the 4-year additional exploration extension period currently...

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Maurel & Prom Eyes Further Merger After MPI Deal To Cope With Low Oil Price

 French energy exploration and production company Maurel & Prom said it was reabsorbing its former Nigerian unit MPI as a first step towards tripling in size to cope with the impact of a plunge in the oil price. Maurel & Prom said on Thursday it was buying MPI in a deal that would give MPI investors one Maurel & Prom share for two shares held. MPI would also pay a 0.45 euro exceptional...

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Aminex reported a loss of $0.61 million for the six months ended 30 June 2015 - updated Tanzania operations

Aminex has announced its half-yearly report for the six months ended 30 June 2015 and provided an update on its operations in Tanzania. The loss for the period was $0.61 million compared with $4.74 million for the six month period ended 30 June 2014.HIGHLIGHTS: FINANCIAL$2.45 million (net of expenses) equity issue successfully completedCompletion of sale of 6.5% interest in Kiliwani North...

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TANZANIA’S KILIWANI NORTH GAS AGREEMENT TO BE SIGNED IN Q3 2015

Production from the Kiliwani North Field could start in 2015 with the Tanzanian authorities having advised that production should start within Q3 2015 now that the main pipeline has been pressure tested and with the Gas Agreement expected to be signed this quarter. The completion of a Gas Sales Agreement (GSA) is subject to finalizing satisfactory payment protection guarantees and, following the...

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Exploration of Natural Gas

The practice of locating natural gas and petroleum deposits has been transformed dramatically in the last 20 years with the advent of extremely advanced, ingenious technology. In the early days of the industry, the only way of locating underground petroleum and natural gas deposits was to search for surface evidence of these underground formations. Those searching for natural gas deposits were forced...

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Maurel & Prom started production at the Mnazi Bay gas field in Tanzania

Maurel & Prom (operator, 48.06% interest) on Thursday opened the first two wells of the Mnazi Bay gas field that will deliver the Madimba processing centre (operated by GASCO, a subsidiary of TPDC), the entry point of the gas pipeline linking Mtwara to Dar es Salaam.  This production output will initially be used solely for commissioning operations for the new TPDC/GASCO facilities, but...

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One Simple thing to Keep in Your Mind and It will help You To Work In Petroleum Industry

 Petroleum industries require personnel with diverse academic background, It involve  both technical personnel (such as enigineers , land survey, geomatics) and non technical personnel ( such as Lawyer, human resources accounting marketing environmental and safety, banker, transportation, security insurance and so on.) You as a Lawyaer or accountant you might  be interesting...

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Bad and Good News To All Graduates Who are Currently Looking For Job In Petroleum Industry

As I am writing this article  a number of employees  all over the  world including Tanzanians has lost their jobs  in different  petroleum companies like  schlumberger, baker Hughes and Halliburton as oil price fell from $ 100-per barrel high last year to near $ 40 this weak. On other sides, graduates from different universities in Tazanania, especially those...

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Mnazi Bay Gas Wells Deliver 1st Gas to Tanzania Pipeline

East Africa-focused junior producer Wentworth Resources announced Friday the first gas delivery from its Mnazi Bay Concession in southern Tanzania to the country's new transnational pipeline. Wentworth said that two wells are now producing, with the three remaining wells expected to be put on production in the coming months. Initial production volumes will be used for commissioning purposes...

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Mnazi Bay Gas Wells Deliver 1st Gas to Tanzania Pipeline

East Africa-focused junior producer Wentworth Resources announced Friday the first gas delivery from its Mnazi Bay Concession in southern Tanzania to the country's new transnational pipeline. Wentworth said that two wells are now producing, with the three remaining wells expected to be put on production in the coming months. Initial production volumes will be used for commissioning purposes...

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Paragon Offshore appoints ISS to drill in Tanzania Songo Songo Island

Paragon M826 can drill to depths of 20,000 ft US company Paragon Offshore has appointed Inchcape Shipping Services (ISS) to provide marine and logistic services for a new drilling campaign off the Songo Songo Islands, Tanzania. The Songo Songo project is the first new commercial drilling operation in Tanzania in a number of years. Paragon Offshore has been contracted by Tanzania’s first natural...

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This is How You Can Invest In Natural Gas

Tanzania is a land of unlimited opportunities.And among of opportunity which has struck Tanzanians is the discovery of Natural gas.  If you want to invest in Tanzania natural gas industry, you right time is now, dont say i will be starting to invest next month or next year, with these massive discovery of  potential natural gas reserves, there are lot of opportunities which can help...

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WENTWORTH RESOURCES REPORTS $4.5 MILLION LOSS AS MNAZI BAY DEVELOPMENT CONTINUES

Wentworth Resources has reported a $4.5 million loss for the six months ended in June 30th 2015 as second quarter exploration dropped and development capital expenditures increased significantly to $2.31 million and $7.04 million, respectively, compared to $3.69 million and $0.30 million, respectively, in 2014. The loss is also due to an increase in financing costs as the company raised funds...

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The oil giants are coming to Tanzania

International oil giants are bearing down on East Africa. Off the coast of Tanzania, the discovery of 46.5 trillion cubic feet of natural gas reserves has put the country on the world energy map. The number is expected to rise to 200 trillion cubic feet in the next two years, and eventually transform Tanzania into a middle-income country. Companies like Exxon Mobil, BG Group and Norway´s...

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