• 3 minutes Marine based energy generation
  • 5 minutes "Saudi Armada heading to U.S.", "Dumping" is a WTO VIOLATION.
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Which producers will shut in first?
  • 19 mins A small trial finds that hydroxychloroquine is not effective for treating coronavirus
  • 1 hour Saudis to cut 4mm bbls. What a joke.
  • 33 mins Saudi Arabia Is Buying Up European Oil Majors
  • 2 hours Occidental hypocrisy
  • 3 hours Chinese Communist Party
  • 32 mins Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 2 hours US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 4 hours Trump will be holding back funds that were going to W.H.O. Good move
  • 5 hours Sharp real pure true hard working roughneck needing work..
  • 5 hours Death Match: Climate Change vs. Coronavirus
  • 6 hours Get First Access To The Oilprice App!
  • 7 hours Bernie Sanders introduces bill to ban fracking

Africa Energy Advisory

In this week’s Africa energy advisory we look at some key regulatory changes that will affect oil and gas exploration and production in emerging gas venues Tanzania and Mozambique, and East African emerging oil giant Angola.

Tanzania—Regulatory Caution

Investors and potential investors should be aware of the following regulatory developments in Tanzania’s gas industry as the country adapts to its new discoveries and attempts to handle gas differently than it handled mining—on trend with other African countries:

•    We are concerned about the regulatory trends in emerging gas player Tanzania, where a political debate regarding the scale of involvement of local companies is reaching its climax. Tanzania’s parliamentary standing committee on energy and minerals has challenged the government over the dominance of foreign companies in the production of natural gas. Not only are they challenging the dominance of foreign companies, but they are calling for measures to be taken to favor local companies.  This idea is gaining a fair amount of momentum.  The main impediment to more local involvement, however, remains the high cost of exploration, which makes it very difficult for local companies to compete.  The same figures are calling for the government to repossess mining sites awarded to foreign companies in cases where development has not proceeded as planned.

•    Tanzania…




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