News by others

This is a collection of news from other sources

Consumers worry about energy’s impact on environment regardless of income

Original story by physics.org Rich, poor or in-between, American consumers express an equal degree of personal worry about the impact of energy use on the environment, according to the newest findings of the University of Michigan Energy Survey. A joint effort of the U-M Energy Institute and Institute for Social Research, the quarterly survey of …

Consumers worry about energy’s impact on environment regardless of incomeRead More »

Uganda to train 600 students on oil and gas

The Ugandan government will award 600 scholarships to students from the resource rich Albertine region to train students in oil and gas courses following $28 million loan from the World Bank. According to the New Vision the students will come from some nine districts in Western Uganda including: Hoima, Masindi, Buliisa, Fort Portal, Kasese, Bundibujo, …

Uganda to train 600 students on oil and gasRead More »

LNG from East Africa – how the odds are stacked

Story by lexology.com How much gas? Vast amounts. Mozambique alone is estimated to have gas reserves of up to 150 trillion cubic feet  (TCF) and Tanzania potentially as much as 50 TCF (Petroleum-Economist). But in a global economy  where commodity prices, consumer demand and ‘timing to market’ are crucial, there is no guarantee  that even these …

LNG from East Africa – how the odds are stackedRead More »

Citi warns Tullow Oil’s debt build-up could delay production

Source: Business Daily London Stock Exchange-listed Tullow which has discovered oil in Turkana County should sell part of its stake to raise money for production, analysts at Citigroup Global Markets say in their latest report. The analysts caution that delays in injecting cash would hold back production in Kenya, Uganda and Ghana. “A failure to …

Citi warns Tullow Oil’s debt build-up could delay productionRead More »

Smaller firms will lead East Africa’s oil and gas development

Source: Reuters Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa’s oil and gas industry as majors ditch riskier projects as margins fall, executives from several oil and gas firms said on Tuesday. The region has emerged as a significant prospect for the export of liquefied natural …

Smaller firms will lead East Africa’s oil and gas developmentRead More »

Key features of the current Kenyan model of production sharing contract

[twitter-follow screen_name=’oilnewskenya’] Source: Deloitteblog Negotiation of an initial exploration period with the possibility to extend this twice. An agreed percentage of the contract area is to be surrendered at the end of each exploration period. In the event of a commercial development the total contract duration is negotiable. Surface fees are provided for but are …

Key features of the current Kenyan model of production sharing contractRead More »

Our proven oil and gas reserves not susceptible to climate change risks – Shell

[twitter-follow screen_name=’oilnewskenya’] Article by Reuters Royal Dutch Shell has dismissed the possibility that its proven oil or gas reserves will become unusable as a result of climate change regulation, saying fossil fuels will play a key role in global energy to 2050 and beyond. Environmental campaigners, activist investor groups and some lawmakers have warned that …

Our proven oil and gas reserves not susceptible to climate change risks – ShellRead More »

Ophir Energy in bid to buy Premier Oil

Source: The Sunday Times Ophir Energy is said to have approached Premier Oil with two secret bids to create a 5 billion combined oil exploration group, The Sunday Times reports citing an unnamed source. Premier Oil’s board is however said to have turned down the offer as does not offer the company better strategic interest …

Ophir Energy in bid to buy Premier OilRead More »

Museveni, Uhuru, Kagame Talk Oil

Story by RedPepper Ugandan President Yoweri Museveni, Kenya’s Uhuru Kenyatta and Rwandan President Paul Kagame last night held private talks in the capital Kigali over what sources say, was oil in Uganda. Museveni arrived in Kigali Sunday evening to a guard of honour at Kigali International Airport – to represent Ugandans at the 20th genocide …

Museveni, Uhuru, Kagame Talk OilRead More »

OVL may raise USD 500-700 m to fund Mozambique acquisition

Story by Moneycontrol.com ONGC Videsh Ltd plans to raise USD 500-700 million loan by pledging future crude oil production from its overseas assets, to fund the acquisition of a Mozambique gas field. OVL, the overseas arm of the state explorer  Oil and Natural Gas Corp (ONGC), teamed up with  Oil India Ltd (OIL) to buy …

OVL may raise USD 500-700 m to fund Mozambique acquisitionRead More »