UAE’s Hayaat buys shares in Swala Energy

[twitter-follow screen_name=’oilnewskenya’] Story by The National Hayaat Group, an Abu Dhabi-based investor, has bought a minority stake in an East African oil explorer for A$3.3 million (Dh10.8m). It acquired a 9.5 per cent equity in Swala Energy, an Australian oil and gas firm with explorations in Kenya and Tanzania. Swala holds production licences for an …

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Sub-Saharan Africa outstrips China in 2012 oil demand growth

Oil demand in sub-Saharan Africa (SSA) grew by a massive five per cent year on year between 2011 and 2012, outstripping both China and India, new data from African energy experts CITAC shows. The figure excludes growth in Nigeria, where the fallout from subsidy-related fraud has clouded the reliability of demand data, according to the …

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Chinese oil workers South Sudan to Juba

[twitter-follow screen_name=’oilnewskenya’] Story by Reuters China National Petroleum Company, a main oil investor in South Sudan, is evacuating oil workers to the capital, Juba, amid continued fighting in the world’s newest country, a company official and state media said on Friday. State news agency Xinhua said CNPC planned to fly out 32 workers. “We are …

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Challenges Kenya, Uganda face in oil production

The East African region is now focus of the world as it joins the league of oil producing countries with over 1.6 billion barrels discovered in Uganda and Kenya with other countries in the region also showing high potential including Ethiopia and Tanzania according to reports. In Kenya the Lokichar basin and the Lake Albert …

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$4bn Uganda to Kenya pipeline key to unlocking reserves

[twitter-follow screen_name=’oilnewskenya’] Wood Mackenzie’s latest upstream analysis asserts that the proposed 1,400 kilometre (km) pipeline, from central Uganda to Lamu on Kenya’s east coast, is vital in order to realise the regions hydrocarbon potential. Wood Mackenzie says that the neighbouring countries’ combined yet-to-find (YTF) reserves are in excess of 4 billion barrels. However, Wood Mackenzie …

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Government suspends all land deals in Kenya’s oil rich region

[twitter-follow screen_name=’oilnewskenya’] All land transactions in the Kerio Valley region where oil exploration is ongoing in Kenya have been suspended till the country’s land commission comes into office. According to Elgeyo/Maralwet governor Alex Tolgos the halt in more sales would help resolve the boiling land ownership disputes between individuals and communities that has been a …

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Uganda parliament clears Tullow Oil of corruption allegations

[twitter-follow screen_name=’oilnewskenya’] Uganda’s parliamentary ad hoc committee investigating allegations of bribery and corruption by Tullow Oil Plc in the country has said it did not find any credible evidence to incriminate the oil explorer in its report. In the investigations Ugandan MP Gerald Karuhanga accused Tullow Oil of bribing the Prime Minister Amama Mbabazi and …

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Civicon Kenya secures Tullow Oil contract for roads and airstrips in Turkana

[twitter-follow screen_name=’oilnewskenya’]Story by Kenya Broadcasting Corporation – Civicon Engineering Company (part of TransCentury group) has signed a two year deal with British Oil Company Tullow Oil mandated to explore oil in Turkana County, in a move that will see Civicon involved in drilling of oil wells and opening up roads and airstrips in the region. …

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Swala Energy reports optimism in its Tanzania exploration

[twitter-follow screen_name=’oilnewskenya’] Australian owned Swala Energy Limited has announced that RISC Operations Pty Ltd an independent petroleum advisory firm, have completed their review of the resource potential of the Kito  prospect in the Kilombero Basin, located within the Kilosa- Kilombero licence in southern  Tanzania. Swala has an indirect 32.5% interest in the  licence.   Net unrisked …

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