Shell acquires British Gas for $70bn

Tanzanian fixer and businessman Moto Mabanga is threatening to block the recent $70 billion deal in which Royal Dutch Shell announced it had taken over British Gas.

>Leading oil and gas exploration firm, Ophir Energy, has suffered a legal setback after the High Court rejected its request to block hearing of a multi-billion-shilling suit against the company and its partners.

The Tanzania Petroleum Development Corporation (TPDC) is yet to receive official statement of the intent by the UK’s firm – British Gas – to sell its entire 60 percent stake in an exploration area in Tanzania. Media reports said this week that BG Group has quietly begun looking for a buyer for part of its prized Tanzanian operations located on Block 3, while holding on to Blocks 1 and 4. TPDC Acting Manager for Communication Sebastian Shame said the petroleum corporation is yet to...

Tuzo iliyotolewa kwa Mradi wa EEVT baada ya kupata ushindi katika eneo la Mazingira na Huduma kwa Jamii. Afisa Mtendaji Mkuu wa BG Bw. Helge Lund akizungumza na washiriki wa hafla hiyo ya kutunuku tuzo kwa washindi iliyofanyika Kensington Palace nchini Uingereza hivi karibuni. Mkurugenzi wa VETA kanda ya Kusini Mashariki Joseph Kibehele (watatu kutoka kushoto) akiwa ameshikilia tuzo hiyo katika picha ya pamoja na Afisa Mtendaji Mkuu wa BG Bw. Helge Lund (wa kwanza kushoto) akifuatiwa na...

Education and training opportunities in Mozambique and Tanzania
With some of the largest offshore gas fields in the world, no local supply chain and an immediate and significant demand for skilled workers, East Africa can benefit from the expertise of the UK’s oil and gas sector.
Twelve UK organisations – from business and academia – with an interest in the oil and gas sector, headed to Mozambique on 18 March and arrive in Tanzania on 24th and partnerships in these exciting new...

 A Tanzanian businessman, suing a leading oil and gas exploration firm Ophir Energy over interests in three gas blocs, has asked the High Court to disregard a judgment of an English court in deciding his case.

State recovers over 70bn/- from students
Daily News
UP to April, this year, 70.8bn/- has been recovered from 136,803 beneficiaries of loans issued to students of higher learning institutions. The Minister for Education and Vocational Training, Dr Shukuru Kawambwa, told Parliament on Friday that, however, the ...

LAKE GAS LTD - One of Tanzania’s fastest growing Marketing company, engaged in the importation and distribution of Liquefied Petroleum Gas (LPG), launched an innovative product – “COMPOSITE CYLINDERS” - the first of its kind in Tanzania.
In Tanzania, the usage of Metal cylinders has been the most prevalent up to now; henceforth a discerning consumer shall have a choice as to what type of cylinder best suits their family.
“This composite cylinder have very unique features, they are non...

Dar es Salaam. Millicom International Cellular that trades as Tigo has finally acquired an 85 per cent stake in Zanzibar Telecom (Zantel) from the United Arab Emirates’ Etisalat Group.