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TANZANIA, UGANDA SIGN MOU FOR USD 20 BILLION TANGA ENERGY HUB
Tanzania and Uganda have signed a Memorandum of Understanding to develop Tanga into a Regional Energy Hub, in a project that Tanzania’s Energy Minister said could attract more than USD 20 billion in investment.
- 2 months, 4 weeks
ONLY 30PC OF OIL, GAS AREAS EXPLORED.
Tanzania has explored only 30 per cent of its oil and gas prospective areas, leaving more than 370,000 square kilometres still unexplored for possible petroleum discoveries. While no commercial crude oil has been found yet, the country has significant natural gas reserves estimated at 57.54 trillion cubic feet, with further exploration and projects expected to boost the economy.
- 2 months, 4 weeks
ELECTRICITY SHORTAGES DIM NIGERIA'S EV CHARGE.
Nigeria’s push toward electric vehicles (EVs) is facing a major challenge: an unreliable electricity supply.
- 2 months, 4 weeks
MURPHY OIL REPORTS SHARP INCREASE IN PROFITABILITY.
Murphy Oil Corp has reported $225.8 million in net income adjusted for nonrecurring items for the second quarter nearly six times that of the same three-month period last year as soaring oil prices offset lower production and weaker gas prices.
- 3 months
TANZANIA PRESIDENT CALLS FOR FASTER INFRASTRUCTURE DELIVERY VIA PPPS AS GOVERNMENT SIGNS AGREEMENTS ON POWER TRANSMISSION AND NATURAL GAS PROJECTS
Tanzania has signed a series of infrastructure investment agreements with Africa50, TANESCO, TPDC and TAQA Arabia to advance power transmission through public-private partnerships, expand industrial use of natural gas, and improve kidney dialysis services.
- 3 months
PHILIPPINES COULD BECOME THE WORLD'S FIRST GEOLOGIC HYDROGEN HUB
The Philippines is emerging as a leading candidate for the world's first commercial geologic hydrogen industry, thanks to what are believed to be the largest natural hydrogen seeps on Earth.
- 3 months
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