African Business News

Tanzanian parliament approves legal framework to support natural gas sector

The parliament of Tanzania has approved a legal and regulatory framework to develop the country’s hydrocarbons industry

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Falcon Oil and Gas set to explore South African shale opportunities

Falcon Oil & Gas is entering into negotiations with the South African government to agree on terms for a licence to explore for shale gas.

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Tullow Oil raises target for West Africa oil output

Oil and gas producer Tullow Oil has raised its full-year production guidance for West Africa after its Jubilee field offshore Ghana produced more oil than expected

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TANZANIA TO SPEND $6 MILLION TO ACQUIRE LINDI’S LNG TERMINAL LAND

The Tanzanian government has said it plans to spend $6 million in the fiscal year 2015/16 of acquire land for the construction of a liquefied natural gas terminal raising hopes that the land issues that have dogged the project might be past its hurdles.

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