Oil & Gas

These are activities around the extraction, refining , transportation and distribution of petroleum products.

Tanzania gas pipeline launched

By on October 28, 2015 in Infrastructure, Midstream, Oil & Gas with 0 Comments
Tanzania gas pipeline launched

Tanzania has initiated a US$1.33bn project to pipe natural gas to its commercial capital, Dar es Salaam, and help relieve chronic power shortages in the city, reports Reuters Africa. The 532km Mtwara-Dar es Salaam pipeline and gas processing plants, largely financed by a Chinese loan, is part of a plan to add about 2,000 megawatts […]

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Angola to end to fuel subsidies

By on May 26, 2015 in Downstream, Oil & Gas with 0 Comments
Angola to end to fuel subsidies

Angola will end petrol subsidies and increase the price of other fuels, the finance ministry said, after last year’s plunge in global oil prices hammered the finances of Africa’s second largest crude exporter. Reuters Africa reports that Angola imports most of its fuel due to insufficient refining capacity and it spent around 4% of its […]

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In the wake of oil price drop, capex needs a rethink

In the wake of oil price drop, capex needs a rethink

Oil and gas explorers have to rethink their capital expenditure (capex) budgets on exploration activity across the African continent in the wake of the significant drop in the global oil price, advisory firm PwC said. ‘Oil and gas explorers will be relooking at their budgets and deciding where to allocate their limited capital spend given […]

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Kenya US$2bn raised for oil stakes

By on February 28, 2015 in Oil & Gas, Upstream with 0 Comments
Kenya US$2bn raised for oil stakes

Kenya’s state-run National Oil Corporation is expected to raise US$2bn to take stakes in oil blocks on behalf of the government once they near commercial production, reports Reuters . Kenya estimates its crude oil reserves to be about 1bn barrels and the government can legally take a stake in oil blocks under commercial production through National […]

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Africa’s Energy potential continues to grow

By on February 24, 2015 in Home, Mining, Oil & Gas, Power, Regulation, Renewables with 0 Comments
Africa’s Energy potential continues to grow

Africa had the potential to be one of the biggest providers of energy in the world, but was still seen as a ‘good for nothing’ continent, particularly with regard to USinvestment, World Energy Council (WEC) Africa vice-chair Bonang Mohale is quoted in a Polity report as saying. Addressing delegates at the recent Africa Energy Indaba […]

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Vivo Energy Kenya Partnership with Fast Food Outlets

By on November 5, 2014 in Downstream, Press Releases with 0 Comments
Vivo Energy Kenya Partnership with Fast Food Outlets

…It’s all about customer convenience Vivo Energy Kenya, the company that distributes and markets Shell branded fuels and lubricants,  has partnered with  two fast food outlets, Innscor Kenya Limited and Subway  and today opened  the two outlets at  Shell St Austin’s Lavington and Shell Limuru road  respectively, Nairobi. The partnerships will see Vivo Energy Kenya […]

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IMF advises Kenya to go slow on Production Share agreements until Commercial viability is fully established

By on October 15, 2014 in Oil & Gas, Policy, Upstream with 0 Comments
IMF advises Kenya to go slow on Production Share agreements until Commercial viability is fully established

Crafting of the law to govern sharing of revenue from oil and gas mining should be delayed until the actual quantity of the resources is known. “The terms of sharing of revenues from natural resource exploitation between the central government and counties should be decided once the volume and expected time-span for the exploitation of […]

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Political upheavals could affect Kenya’s oil exploration, says report

By on October 15, 2014 in Conflict, Oil & Gas, Politics, Upstream with 0 Comments
Political upheavals could affect Kenya’s oil exploration, says report

Political upheavals blamed for violent flare-ups in Kenya could be a major hindrance to the emerging multi-billion-shilling oil and gas exploration activities, a market research firm has said. In an eight-page report, the UK-based firm Research and Markets says the future looks extremely bright especially after “commercial recoverable reserves” of nearly 1 billion barrels were […]

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Row Erupts over drilling plans by Tullow in Kenya

By on October 13, 2014 in Conflict, Oil & Gas with 0 Comments
Row Erupts over drilling plans by Tullow in Kenya

A fresh row has erupted over the planned oil drilling in Kerio Valley with residents saying they were not involved in negotiations. Tullow Oil has identified the more than 7,000 km² Block 12A, in the Kerio Valley belt, which runs across Elgeyo-Marakwet and Baringo counties, as the potential areas for oil exploration, with the drilling […]

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Oil Companies to intensify oil exploration in Kenya’s lake basin region

By on October 13, 2014 in Downstream, Oil & Gas with 0 Comments
Oil Companies to intensify oil exploration in Kenya’s lake basin region

Exploration of oil in Kisumu will start next year as Kenya steps up efforts to become an oil producing nation. This is after two companies licensed to explore, Swala Energy and its partner Tullow Oil, announced plans to drill the first well on block 12B, located within Nyanza Rift basin. Swala said in a statement that […]

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