Swala Oil & Gas goes public
Tanzania Swala’s shares begun trading on Tuesday at TZS500 per share ($0.30), TZS100 ($0.06) above the price offered at the initial public offering, which started on June 9, 2014, and raised TZS6.65 billion ($400 million), an over subscription of 38 percent.
Swala Oil and Gas operates the Pangani and the Kilosa-Kilombero licences in mainland Tanzania and is now working with Canada-based Polaris on seismic acquisition of the acreage.
Recent Posts
Qatar strikes $6-billion deal with China shipyard for LNG carriers
QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More
Chevron expands in Namibia with offshore farm-in
Chevron has signed a deal with NAMCOR to develop an offshore block in the Walvis Basin, the Namibian NOC was… Read More
Jumbo Ørsted wind farms come on line offshore Taiwan
Ørsted’s Greater Changhua 1 and 2a offshore wind farms are in operation in Taiwan and their combined 900 MW of… Read More
SkyPower Global in 1-GW deal with Zambia electric utility
SkyPower Global has signed a 1-GW power purchase agreement with state-owned Zambia Electricity Supply Corp Read More
Afentra acquisition of Azule assets approved in Angola
The government of Angola has approved Afentra’s acquisition of a 12% non-operating interest in offshore Block 3/05 and a 16%… Read More
TotalEnergies, Vanguard Renewables to develop renewable natural gas
TotalEnergies has agreed with US player Vanguard Renewables to jointly develop renewable natural gas (RNG) in the USA, the French… Read More