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Schlumberger Introduces AxeBlade Ridged Diamond Element Bit

Smith Bits, a Schlumberger company, has announced the release of the AxeBlade* ridged diamond element bit, which incorporates new-geometry Axe* ridged diamond elements across the bit face. AxeBlade bits improve rate of penetration (ROP) in a wide range of formations and steering response in directional applications. “The drillbit market is performance-driven and seeks polycrystalline diamond …

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Orca Exploration completes offshore workover & drilling program phase at Songo Songo

Orca Exploration Group Inc announces the successful completion of its offshore workover and drilling program and the release of the Paragon M826 mobile drilling workover rig from the Songo Songo Main Field. The Off-Shore Programme of the Songo Songo Main Field development programme included workovers on three existing wells (SS-5, SS-7 and SS-9) and the …

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Tarach 1 well in Kenya’s Block 11A Drilling Date on schedule as Rig Mobilization Commences

The drilling rig for the Tarach 1 well in Block 11A has being mobilized to the drill site where concreting work and installation of conductors have already been completed as the JV partners Compañía Española de Petróleos, S.A.U.  (CEPSA) operator* and ERHC work relentlessly toward a spud date near the end of the first quarter …

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United States Eyes Kenya’s Energy Deals Worth $14 – $18 Billion

The United States is hoping to invest in the nascent oil and gas sector in Kenya including an export pipeline expected to transport crude oil from the Lokichar basin to the Lamu port. The United States through its ambassador Bob Godec yesterday met newly appointed energy and petroleum cabinet secretary Charles Keter with the pipeline …

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Simba Completes Definitive Agreement with Essel Group for Block 2A, Kenya

Simba Energy has announced it has executed a definitive farm-out agreement with Essel Group Middle East DMCC on Block 2A in Kenya wherein Essel Group Middle East will earn a 60%participating interest in Block 2A by funding 100% of exploration expenses until the completion of the drilling of 2 conventional wells on Block 2A. The …

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Maximum Pump Prices in Major Towns (Kenya) November 15 – December 14, 2015

Super Petrol                Diesel                    Kerosene TOWNS                                                KES/L                    KES/L                   KES/L Mombasa                                            87.16                     76.38                     52.10 2 Kilifi                                                    87.37                     76.59 …

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Orca Exploration Closes $60 million financing for Tanzania’s Songo Songo development from IFC

Orca Exploration has announced that it has entered into a loan agreement with International Finance Corporation (IFC), a member of the World Bank Group, for a US$60 million investment in the Company’s operating subsidiary, PanAfrican Energy Tanzania Limited (PAET). According to Orca Exploration the proceeds of the Loan will be used to fund part of …

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Need To Cut Upstream costs,Have Reasonable Local Content Requirements in Sub-Sahara Africa – – Wood Mackenzie

As only one third of the continent’s pre-sanction projects are economical at less than US$50 per barrel ($/bbl), Wood Mackenzie says greater collaboration with the service sector, increased focus on project optimisation and developments that require minimal capital outlay are all crucial to new projects going ahead. Wood Mackenzie also suggests that Africa’s host governments …

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

Uganda National Bureau of Standards (UNBS) in collaboration with the Ministry of Energy and Mineral Development (MEMO), through the Technical Committee (UNBS/ TC 16/ SC2) is developing Standards for the oil and gas upstream equipment and materials. The committee has completed discussions and adopted the following draft standards. DUS ISO 21457:2010- Petroleum, petrochemical and natural …

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