News by others

This is a collection of news from other sources

Unleashing the potential of open EITI data

Source: eiti.org/blog/ Author: Christoffer Claussen On 31 December 2017, an important provision of the 2016 EITI Standard comes into force. It requires implementing countries to make their EITI data available in open data formats. This is quite easily achieved and an important step in ensuring that EITI data is publicly accessible and contributes to public debate. In …

Unleashing the potential of open EITI dataRead More »

Geologists Publish New Details about Evolution of East African Rift Valley

Researchers in the College of Arts and Sciences at Syracuse University have published new details about the evolution of the East African Rift (EAR) Valley, one of the world’s largest continental rift zones. Christopher Scholz, professor of Earth sciences, and a team of students and research staff, have spent the past year processing and analyzing …

Geologists Publish New Details about Evolution of East African Rift ValleyRead More »

Tullow Oil needs to unlock value in Kenya with a farm-out – broker

Source: ProactiveInvestors Tullow’s partner banked nearly half a billion from a farm-out earlier this year, and Numis says a similar deal could help Tullow fix its balance sheet. Tullow Oil plc needs to do good business over its East African assets, according to City broker Numis, which sees the share going higher but is sticking to …

Tullow Oil needs to unlock value in Kenya with a farm-out – brokerRead More »

Developing Capacity: OBG talks to Donald Mahaga, Chairman, Kenya Oil and Gas Association from The Report: Kenya 2016

Interview: Donald Mahaga  What are the largest challenges faced by producers in commercialising onshore finds in Kenya? DONALD MAHAGA: Although we are still quite a few years away from commercialisation in Kenya, in terms of further development we do face the challenge of coordinating the roles of various project stakeholders, including private companies, various levels of …

Developing Capacity: OBG talks to Donald Mahaga, Chairman, Kenya Oil and Gas Association from The Report: Kenya 2016Read More »

How my discovery of crude oil in Turkana County was stolen

Source: standardmedia.co.ke At the tail end of a rather colourless state function, Kenya’s third president announced that the country had struck gold – a rich vein of black gold that would play a big role in transforming the country’s fortunes. The timing couldn’t have been better. For years, the East African powerhouse looked enviously as her …

How my discovery of crude oil in Turkana County was stolenRead More »

Uganda’s Oil Revenue Management Framework is a Solid Start, but Not Nearly Enough

Source: resourcegovernance.org Earlier this year, Ugandan President Yoweri Museveni signed the Public Finance Management Act (PRMA) 2015 into law and created one of the world’s newest sovereign wealth funds. While the law provides a solid framework for effective governance, several key elements are missing—elements that would determine whether Uganda will truly benefit from its oil windfalls. A strong legal …

Uganda’s Oil Revenue Management Framework is a Solid Start, but Not Nearly EnoughRead More »

Call for Comments on Draft Uganda Standards for Oil and Gas Upstream Equipment and Materials

[twitter-follow screen_name=’oilnewskenya’] Courtesy: petroleum.go.ug Uganda National Bureau of Standards (UNBS) in collaboration with the Ministry of Energy and Mineral Development (MEMD), through the Technical Committee (UNBS/ TC 16/ SC2/WG1) on Drilling, Development and Production equipments and materials, is developing Standards for the oil and gas sector. The committee has completed discussions and adopted the following draft …

Call for Comments on Draft Uganda Standards for Oil and Gas Upstream Equipment and MaterialsRead More »

Three years in, is South Sudan’s oil driving its crisis?

Original story globalwitness.org On the third anniversary of its independence, South Sudan looks like it is sliding into a dangerous cycle of oil-backed debt. The new budget, announced last week, signaled that another 3 billion SSP ($1 billion) would have to be borrowed from oil companies next year. This is a huge sum and is almost equivalent to …

Three years in, is South Sudan’s oil driving its crisis?Read More »

Global oil exploration nears $1 trillion – where are the finds?

Original story by Reuters Two years ago Total’s chief Christophe de Margerie launched a “high risk, high reward” oil exploration strategy, betting he could hit a bonanza, even though his rivals had failed to make big discoveries. But Total risks joining the industry trend of making only smaller and fewer finds, despite global investments in …

Global oil exploration nears $1 trillion – where are the finds?Read More »

Tanzania: With Gas Already in Its Bag Tanzania’s Rift System Set to Become Next Oil Frontier

Original Story by Chaby Barasa for Tanzania daily News IF recent geological findings are anything to go by, the East African Rift System (EARS) is poised to become the next big thing for oil companies, more so Tanzania where there are numerous areas with the possibility of striking oil. Thanks to onshore discovery of oil in …

Tanzania: With Gas Already in Its Bag Tanzania’s Rift System Set to Become Next Oil FrontierRead More »