Tanzania Attorney General warns oil and gas firms

collected by :Frank Ithan

The Attorney General, Dr Adelardus Kilangi, has told oil and gas exploration companies to immediately comply with the requirements of the Petroleum Local Content Regulations. The Attorney General, Dr Adelardus Kilangi, has told oil and gas exploration companies to immediately comply with the requirements of the Petroleum Local Content Regulations. He advised that oil and gas firms should familiarise with the new laws and act accordingly. He was speaking to reporters shortly after touring the Tanzania Petroleum Development Corporation (TPDC) pavilion at the on-going 42nd Dar es Salaam International Trade Fair (DITF). Dr Kilangi said more than 50 students have graduated already and are employed in oil and gas companies based in Mtwara and Lindi.

GAIL (India) Ltd.: Stock market update: GAIL, RIL surge 3%, boost oil & gas index

In the Sensex kitty, 20 stocks were advancing while 11 were declining. NEW DELHI: Gains in GAIL (India) (up 3.01 per cent), Reliance Industries (up 2.78 per cent), Petronet LNG (up 1.10 per cent) and ONGC (up 0.95 per cent) gave a boost to oil & gas index during Tuesday's trade.The BSE Oil & Gas index was trading 1 per cent up at 13,986 around 02:15 pm.However, HPCL (down 1.07 per cent), Indraprastha Gas (down 0.68 per cent), Indian Oil Corporation (down 0.57 per cent), Castrol India (down 0.15 per cent) and BPCL (down 0.11 per cent) were down around that time.Gains in heavyweights including Reliance Industries, HDFC Bank, ITC, Maruti, ICICI Bank and Axis Bank were keeping the benchmark indices up.The BSE Sensex was up 251 points at 36,186, while the NSE Nifty50 index was up 78 points at 10,930.Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red.In the Sensex kitty, 20 stocks were advancing while 11 were declining.Coal India, Tata Steel and YES Bank were leading among Sensex gainers.On the other hand, Sun Pharma, Kotak Mahindra Bank, Hero MotoCorp and IndusInd Bank were among the top losers in the Sensex index.

Aiteo bags oil and gas company award

as declared in The Aiteo Group has emerged the indigenous oil and gas compa-ny of the year at the 18th Nigerian Oil and Gas conference held in Abuja. Speaking on the award, Aiteo's Chief Executive Officer and Executive Vice-Chairman, Benedict Peters, attributed it to the quality of its human resources, sustainable investments in the industry, and the Nigerian economy. As regards sports, Peters stated that Aiteo has become the foremost financier of football in the country after a string of contributions to the Nigerian Football Federation and the Super Eagles. "To support local football, Aiteo took over the sponsorship of the Federation Cup, Nigeria's oldest football tournament, now renamed Aiteo Cup. On the continental stage, Aiteo partnered with the Confederation of African Football to sponsor the African Football Awards in January this year," he added.

Colorado oil and gas ballot initiative would bar extraction on more than 80 percent of non-federal land, state regulators say

Supporters call the industry an engine of economic growth, whereas critics point to the fading gap between extraction sites and fast-expanding neighborhoods. Initiative 97 would establish the minimum setback of oil and gas wells to 2,500 feet — from the current 500 feet for homes and 1,000 feet for schools. "A 2,500-foot setback would shut down Colorado's oil and natural gas industry and lead to a massive layoff of over 100,000 local jobs," Scott Prestidge, spokesman for the Colorado Oil and Gas Association, said Monday. Weld County, by far the state's most productive oil and gas area, would see 85 percent of its non-federal land knocked offline for new oil and gas activity, should the proposed setbacks take effect, the analysis concluded. "The groups behind Initiative 97 want to drive oil and natural gas development out of Colorado, plain and simple," he said.