2014 Africa Assembly set for June in Paris, France

24th of June, 2014-25th of June, 2014InterContinental Le Grand, Paris, France The Oil Council’s Africa Assembly is one of the most ground breaking oil and gas seminars on the continent, uniting over 800 oil and gas leaders from across the continent’s upstream, midstream, banking, investment, legal and petroleum services sectors. The meeting, the largest Africa O&G event …

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Vanoil Says It May Accept Other Explorers in Rwanda Oil Search

By Bloomberg Vanoil Energy Ltd. (VEL) is discussing with the Rwandan government the option of allowing other companies to help explore the country’s East Kivu Graben Basin as they seek to end a dispute over exploration rights. “It is possible that a settlement or an agreement between the parties might allow other companies to come in, …

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Tullow urges Ugandans to prepare for oil opportunities

Courtesy: The Observer After awarding the first production licence to Cnooc, government expects to award more production licences this time round to Tullow oil early next year. Speaking at the launch of the Tullow Oil Uganda Country Report at Sheraton hotel on Friday, Robert Kasande, the assistant commissioner in the Petroleum Exploration and Production department …

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2014 oil and gas industry planning cycle: getting it right

By Peter J. Parry, Partner, Bain & Company This checklist of 10 key issues for the 2014 oil and gas planning and budgeting cycle covers macro-economic trends, industry themes and specific tactical considerations. We recommend using this kind of structured framework to challenge thinking and ensure a highly effective planning process, contributing to high-quality, accurate …

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Kenyan oil industry faces infrastructure, capacity challenges

Recent petroleum finds in Kenya’s arid and underdeveloped north have caused excitement, but even if commercial production goes ahead, major challenges remain. Kenya will need to invest in human resources, manage often unrealistic expectations and beef up infrastructure, preferably in conjunction with its neighbours, experts say. East Africa has long lagged behind the west of …

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Libya oil output at 224,000 bpd, exports 130,000 bpd-govt

Courtesy: Reuters Libya currently produces around 224,000 barrels per day (bpd) of oil, almost half of which is used to feed its Zawiya refinery, leaving exports at around 130,000 bpd, the country’s deputy oil minister said on Monday. A mix of militias, tribesmen and political minorities demanding a greater share of Libya’s oil wealth and …

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Fuel prices Kenya November 14th 2013 to December 14, 2013

Town Super Diesel Kerosene Regular Bomet 111.44 106.02 85.48 108.03 Bondo 111.03 105.6 84.87 107.58 Bungoma 111.43 106.01 85.35 108.01 Busia 112.03 106.6 85.87 108.48 Chuka 110.61 104.98 84.53 107.34 Eldoret 110.66 105.24 84.59 107.31 Embu 110.1 104.47 84.02 106.87 Garisa 113.44 107.82 87.37 109.91 Gilgil 109.52 104.1 83.56 106.29 Homabay 112.4 106.98 86.25 108.82 …

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Tullow’s Kenya prospects get even better

Report by Nick Young Tullow Oil plc announced a fifth oil discovery in Kenya’s Lokichar Basin last week, less than a month after protests against an influx of outside workers in the area forced the company to suspend its drilling operations there. Having reached a deal with Kenyan government and local leaders, Tullow resumed drilling and its Agete-1 well …

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Latest crude oil prices for oil headed to East Africa

Crude oil prices courtesy of the Abu Dhabi National Oil company Year Month Murban L Zakum Umm Shaif U Zakum 2013 October 112.45 112.20 111.70 109.05 2013 September 114.50 114.30 113.80 110.90 2013 August 111.70 111.50 111.00 108.70 2013 July 106.85 106.60 106.15 104.40 2013 June 103.00 102.70 102.30 101.05 2013 May 103.65 103.35 102.95 …

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