Solo Oil ‘Very Excited’ About Tanzania Prospects

[twitter-follow screen_name=’oilnewskenya’] Infill seismic surveying at the Ruvuma natural gas acreage, onshore Tanzania, is set to finalise locations for new exploration drilling and accelerate commercial development heading into 2014. A focused high-density programme of 2D infill seismic surveying has commenced on the onshore Ruvuma PSA, located at the far southeastern extremity of mainland Tanzania, in …

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Fuel prices for all towns in Kenya December 15th, 2013 – Janaury 14th, 2014

Date Range: Dec 15th, 2013 – Jan 14th, 2014 Town Super Diesel Kerosene Regular Bomet 111.85 107.29 85.76 108.03 Bondo 111.43 106.87 85.15 107.58 Bungoma 111.84 107.28 85.63 108.01 Busia 112.43 107.87 86.15 108.48 Chuka 111.02 106.26 84.81 107.34 Eldoret 111.07 106.51 84.86 107.31 Embu 110.51 105.74 84.3 106.87 Garisa 113.85 109.09 87.64 109.91 Gilgil 109.93 …

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New discovery at Mzia Discovery raises Tanzania resources to 15 tcf

[twitter-follow screen_name=’oilnewskenya’] BG Group has announced an increase in total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion of a successful drilling and testing campaign. The campaign confirmed Mzia as the second giant gas discovery, after Jodari, in BG Group’s acreage offshore Tanzania, with …

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Only shrewd investment of Uganda’s oil revenue will ensure intergenerational equity

[twitter-follow screen_name=’oilnewskenya’] Story by The Independent Investing wisely Uganda’s oil revenues in productive sectors of the economy will ensure future generations benefit from the country’s promising petroleum industry, a new paper released on Dec.10 by the Economic Policy Research Centre (EPRC) and the Africa Growth Initiative at the Brookings Institution says. The researchers insist that …

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Oil and Gas spur infrastructure development in East Africa

The recent discoveries of oil and gas in East Africa are boosting infrastructural developments in the East African region, according to the Deloitte on Africa: African Construction Trends Report 2013. The quests for better transport infrastructure, reliable energy are also driving this growth, according to the report. Of the projects surveyed throughout the entire African …

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Norway Oil Fund Under Lawmaker Pressure to Buy More in Africa

[twitter-follow screen_name=’oilnewskenya’] Norway’s Christian Democrats, a key support party for the minority government, called on the nation’s sovereign wealth fund to steer more of its $810 billion in assets into Africa to reap better returns. The party wants to set aside 10 billion kroner ($1.6 billion) of the fund’s cash for African purchases as a “starting point” …

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Focus on Liquified Natural Gas (LNG) in Southern and Eastern Africa – KPMG

[twitter-follow screen_name=’oilnewskenya’] LNG is a key component of the global energy supply mix and it is a core strategic focus area for global oil and gas companies. LNG is seen as a high growth market set to last for the next decade and beyond. East Africa and Mozambique are emerging as key players as it …

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Tullow Oil’s international scholarship awards to boost mining sector

10 scholars from Kenya have received the Tullow Group Scholarships and are already in the process of selecting their universities of choice in the UK for further studies. The Tullow Group Scholarship Scheme began in 2011 in Ghana. It has since been expanded to ten countries in Sub-Saharan Africa including Kenya. British Council administers the …

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Africa Oil abandons dry wells in Kenya, Ethiopia

Canadian explorer Africa Oil has been forced to abandon drilling at one of its wells in Marsabit County and another in Ethiopia after failing to encounter any traces of oil or gas. The Toronto Stock Exchange-listed firm said Monday that it is closing the Bahasi well, located within Kenya’s Block 9, which did not yield …

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Premier Oil Withdraw from PLC Block L10A in Kenya

Premier Oil has withdrawn from Block L10A offshore Kenya after a review into exploration activities. The FTSE 250 firm, which held a 20% equity stake in Block L10A, announced the decision on Monday following the acquisition of the interest back in 2011. It has held on to its 25% ownership in the adjacent Block L10B, with …

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