President Kenyatta Calls For Proper Management of Oil Income as Trucking Begins

President Uhuru Kenyatta today said Kenya will effectively manage oil and other natural resources to avoid the negative results that have confronted many other nations following new discoveries. Speaking during the flag off of 100,000 liters of stored crude oil in four trucks as part of the early oil pilot scheme he said there was …

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Wood awarded FEED contract for Kenya’s Lokichar to Lamu Crude Oil Pipeline

Wood has been awarded the initial phase of a front-end engineering design contract (FEED) by Tullow Kenya BV for the design of the proposed 892 kilometers long Lokichar to Lamu Crude Oil Pipeline project located in Kenya. Wood will provide the first phase of FEED services, setting the technical requirements and estimating the installed cost …

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Kenya Business Guide Launches Oil Sector Brief

The Kenya Business Guide has launched its second Sector Brief on Oil at the Kenya Extractives Policy Dialogue event which was hosted by the Strathmore University Extractives Industry Centre and Extractives Baraza in partnership with National Oil, Oxfam, DFID and ESAL. The oil sector brief emphasizes the need for a structured dialogue on local content …

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Rosneft, ExxonMobil to sign gas agreement with Mozambique in 2018

Mozambique’s fifth licence round winners Rosneft and ExxonMobil will sign an Exploration Production Concession Contract with the Mozambique government for blocks A5-B in the Angoche Basin and Z5-C and Z5-D in the Zambezi Delta according to Russia’s top diplomat Sergey Lavrov. According to Lavrov who had discussions with Foreign Minister of Mozambique Jose Pacheco and Rosneft’s management on …

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All Set For Power & Oil Expo This Week in Nairobi

Kenya is all upbeat and excited to host the annual event of the region, the 7th Power & Energy Africa, an exhibition that focuses on the methods, products and technologies in this area of expertise. The event will take place at the Kenyatta International Convention Centre, Nairobi from the 29th till 31st of May 2018. …

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President Kenyatta to flag off trucking of Kenya’s oil on June 3

President Uhuru Kenyatta will flag off trucking of Kenya’s early oil from Lokichar in Turkana County on June 3, in what will inject oil as a critical factor in the economy, State House says. This follows a meeting at State House, Nairobi, chaired by President Kenyatta and attended by the Kenya Joint Venture Partners comprising Tullow Oil, Africa …

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Early Oil Pilot Scheme to Start on 1st June, As Oil Revenue Sharing Agreed

President Uhuru Kenyatta has announced that the production of oil from the Turkana oilfields will start without any hindrance after an agreement was reached on the sharing of revenue. The President, said the revenue from oil will be shared on the basis of 75 percent for all Kenyans through the National Government, 20 percent to …

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ENH and CNPC Renew Cooperation in Developing the Hydrocarbon Industry in Mozambique.

The National Hydrocarbons Company (ENH) and the National Petroleum Company of China (CNPC) reiterated their commitment to work together for the development of the hydrocarbon industry in Mozambique. The desire was expressed by the Chairman of the Board of Directors (PCA) of ENH, Omar Mithá, and CNPC’s Vice-Chairman, Hou Qijun, during the meeting of the …

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OPEC Secretary General to be Honored as “Africa Oil Man of the Year”

H.E. Mohammed Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries, will be bestowed with the “Africa Oil Man of the Year” award during the Africa Oil & Power conference, to be hosted September 5-7, 2018 in Cape Town. The Secretary General will be presented the award during the Energy Coalitions dinner and will …

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Swala Announces Further Extension To The Second And Third Closing Dates Of The Orca Investment

Swala Oil & Gas (Tanzania) plc has announced that Orca Exploration Group Inc. (Orca) has agreed to an additional extension to the date by which the second closing and third closing of the previously announced investment by the Company in the Orca group of up to US$130 million must be completed from 11th May 2018 …

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