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Premier Oil has withdrawn from Block L10A offshore Kenya after a review into exploration activities.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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Oil & Gas Exploration Opportunities in Kenya

Kenya’s Petroleum potential is best depicted by the four large sized sedimentary basins that straddle the Country (sedimentary basins & exploration blocks map). These are Lamu, Anza, Mandera, and Tertiary Rift basins. The sedimentary basins are divided into exploration blocks as shown below.

Where, or what, are the most exciting opportunities to be found today in Africa?

By Charles Gurdon, Managing Director, Menas Associates Africa currently, undoubtedly, provides the world’s most exciting oil sector investment opportunities but, to be more precise in terms of where and what to invest in, one really needs to reverse engineer the question. Having eliminated sub-regions and specific countries, see what one is left with. Much as …

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Kenya to shut down obsolete refinery

By Petroworld Kenya’s Government has confirmed that it plans to convert Kenya Petroleum Refineries Limited’s refinery into a storage facility for imported products. The decision to shut down the country’s sole refinery was in line with recommendations made by the Energy Regulatory Commission (ERC), Energy and Petroleum Cabinet Secretary Davis Chirchir told reporters. The ERC …

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AfricaOil Q3 operations update – Puntland, Somalia

Dharoor Valley and Nugaal Valley Blocks The Company continues to evaluate the encouraging results of the two wells drilled in 2012 on the Dharoor Valley block which proved all the critical elements exist for oil accumulations, namely a working petroleum system, good quality reservoirs and thick seal rocks. Based on these encouraging results, the Company, …

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Indigenous companies to account for over 30% of oil and gas production in Nigeria within 5 years

Atlantic Energy Co-CEO, Scott Aitken made a presentation at the African Oil Week, one of the largest oil and gas conferences held on the African continent held in Cape Town, South Africa 25th – 29th November 2013. In his presentation titled: “Onshore Niger-Delta – A changing Landscape”, Mr. Aitken explained there are 100’s of underdeveloped …

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Tullow hits dry well Ethiopia’s Tultule-1

Tullow Oil plc (Tullow) announces that the Tultule-1 wildcat well in the South Omo block onshore Ethiopia, has reached a total depth of 2,101 metres and will be plugged and abandoned as a dry hole. The well was targeting a reservoir section similar to the sands drilled in the nearby Sabisa-1 well where oil shows were …

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Africa Oil Q3 2013 Operations update – KENYA

The Company and its operating partners in the Kenyan blocks are actively exploring for oil as described below. Block 10BB Based on the very positive results at Ngamia-1 on Block 10BB in 2012, the Company and its partner, Tullow, have accelerated the pace of exploration along the Ngamia trend in Block 10BB and Block 13T. …

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