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Unlocking The Potential Of Africa’s National Oil Companies

AFRICANGLOBE - Major oil and gas discoveries have opened new exploration plays in East Africa and offshore West Africa. Equally, ever-expanding energy requirements from domestic markets support the commercialisation of these discoveries and many African governments are creating national oil companies (NOCs) or restructuring their current NOCs to ensure greater national participation in their upstream petroleum sector.

East Africa’s Oil And Gas Discoveries Could Kick-Start Economic Boom

AFRICANGLOBE - East African oil and gas discoveries are poised to fundamentally transform the economies of the region as the fuel resources usher in new investment in road, rail, power and industrial infrastructure, according to Standard Bank.

Oil Rush in Mozambique After World’s Largest Natural Gas Discoveries

AFRICANGLOBE - Statoil and Tullow Oil are finishing a well aimed at achieving the first commercial oil discovery in Mozambique, the East African country where explorers have made the century’s largest natural gas discoveries.

Gas: Mozambique’s Countdown to Production

AFRICANGLOBE - The Mozambican government must draw a deep breath before releasing the regulatory framework for exploiting its gas deposits, as it stands on the threshold of significant wealth. The recent bonanza of gas discoveries in Mozambique has the attention of the international oil and gas industry, but most of the country's acreage is still unexplored.

Tanzania To Create Sovereign Wealth Fund

Tanzanian President, Jakaya Kikwete, has announced his government’s intention to establish a sovereign wealth fund (SWF) to protect Tanzania’s future gas production revenues. In June,...

Natural Gas Discoveries Put East Africa on World Energy Map

Massive offshore gas discoveries in East Africa are catapulting the region into a major player in the global energy arena, bringing billions in investment that could transform entire...