• 4 minutes Why Trump will win the wall fight
  • 9 minutes Climate Change: A Summer of Storms and Smog Is Coming
  • 12 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 5 hours is climate change a hoax? $2 Trillion/year worth of programs intended to be handed out by politicians and bureaucrats?
  • 4 hours Ayn Rand Was Right
  • 4 hours Solar and Wind Will Not "Save" the Climate
  • 15 hours Some Good News on Climate Change Maybe
  • 2 hours Indian Oil Signs First Annual Deal For U.S. OilIndian Oil Signs First Annual Deal For U.S. Oil
  • 6 hours Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 3 hours Sanctions or Support: Despite Sanctions, Iran's Oil Exports Rise In Early 2019
  • 14 hours Expected Breakdown: Israel-Central Europe Summit Canceled After Polish Pullout
  • 1 day IT IS FINISHED. OPEC Victorious
  • 22 hours Oil Prices Bookended for Rest of This Year? Maybe $50 to $80? (My old 'See Saw' theory redux)
  • 21 hours Cuba Charges U.S. Moving Special Forces, Preparing Venezuelan Intervention
  • 7 hours Regular Gas dropped to $2.21 per gallon today
Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

A New Resource District is Being Born Here

It's a common conception there are no big resource discoveries left to be had.

And certainly not entirely new resource-rich districts.

But news from one emerging region the last few weeks suggests differently. Telling us that a whole new realm of potential may be opening up here.

In East Africa.

Of course, mineral and petroleum endowment here isn't a secret. We've known for decades that Africa's "other coast" had potential.

But the infrastructure and investor interest simply wasn't there to spur development. Until recently.

A surge of activity here is now yielding big finds. Such as recent drilling by BG Group in offshore Tanzania. Which announcements last week suggest may have found up to a trillion cubic feet of new gas reserves.

Even a few years ago, this mega-find would have been a failure. With a lacking market for gas here making the discovery essentially worthless.

But that's changed. Thanks to a push for LNG development by majors like BG. As well as a growing network of gas pipelines pushing northward from South Africa.

At the same time, the region is preparing to up its production of another commodity: coal.

Officials in Mozambique said last week they expect to open the brand new coal port of Nacala-a-Velha by this December. Upping the nation's export capacity by 18 million tonnes yearly.

That's a big step forward for Mozambique's massive coal reserves. Which up until now have seen their development constrained by under-built infrastructure.

All of which suggests the global resource sector is in the process of (re-)discovering this rich part of the world. A sensible move given its prime position in servicing key Asian markets.

Watch for more opportunities here coming down the pipe.

Here's to the right coast,

By Dave Forest




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News