Oil products

Products by oil marketers for the end customer

Kenya’s Block 11B Loss Cost Bowleven $11.8 million in 2016

Bowleven has reported that the loss of its Kenyan acreage operated by Adamantine Energy resulted in unsuccessful exploration costs of $11.8 million being charged to the Income Statement in the current financial year. According to Bowleven the costs are significally low as a majority of expenditure on block 11B was funded via an arrangement with …

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CGG GeoConsulting Launches East Africa Rift System BasinMap

CGG GeoConsulting’s NPA Satellite Mapping group has launched the multi-client EARS BasinMap for exploration de-risking across the vast region of East Africa, from regional-to-prospect or play scale. The EARS BasinMap is part of a new NPA Map product suite that offers world-leading satellite imagery-based geological mapping at different scales on either a proprietary or multi-client basis through PlateMap, BasinMap, BlockMap and FieldMap products. “Our new …

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CGG Geosoftware Releases Earthmodel Ft 9.5

CGG GeoSoftware has launched EarthModel FT 9.5, the latest version of its comprehensive geological modeling software that combines well and seismic data for a better understanding of the reservoir. Users can determine reservoir properties such as lithofacies, porosity and permeability, for more accurate modeling results. EarthModel FT combines surface mapping, integrated structural modeling, reservoir property …

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Tullow Oil to challenge the Tax Appeals Tribunal ruling in Uganda

Tullow Oil plc has announced that its subsidiaries operating in Uganda have received a ruling from the Tax Appeals Tribunal (TAT) in Uganda relating to Capital Gains Tax (CGT). The ruling means that Tullow will be tasked with be paying the reminder of $265m to the Uganda revenue authority (URA) after the tribunal calculated Tullow’s …

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Vivo Energy Kenya Launches Shell Motorbike Lubricants

Vivo Energy Kenya, the company that distributes and markets Shell branded fuels and lubricants, has launched Shell Advance, a new range of motorbike lubricants targeting  over 700,000* motorbikes in Kenya. The industry has experienced exponential upsurge of motorbikes over the last three years the growth having increased by 500%*.   The motorbikes are used for commercial activities, passengers and goods …

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