Civil Works Begin At Olkaria V Geothermal Plant

Civil works have commenced in the 154 megawatt Olkaria V plant nine months after Kenya’s President Uhuru Kenyatta broke ground at the location of the facility. The planned which is expected to cost approximately $400 million is jointly financed by the Japan International Cooperation Agency (JICA) and the Kenya Electricity Generating Company (KenGen). According to site project manager Robert …

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2018 Our oil and gas predictions – Ashurst

Oil price stability With the oil price pushing through to the US$70 mark, and further confidence that the price will remain more stable this year, we will see international oil companies (IOCs) looking to “replenish the hopper” with exploration and development investments that have not been seen for the last four years. “Right assets, right …

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Turkana Gets Petroleum Ministry As Energy Docket Is Split

Former Senator and Member of Parliament for the oil rich Turkana County John Munyes has been nominated to head the Petroleum Ministry after the splitting of the Energy and Petroleum ministry formerly held by Charles Keter. In the new cabinet appointments President Uhuru Kenyatta named Munyes as cabinet secretary in the new Ministry of Petroleum …

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DNV GL research forecasts oil and gas capex and R&D spending boosts in 2018, but industry still promises to keep a cap on costs

Senior oil and gas sector professionals expect a step change in the industry’s capex, opex and R&D spending levels in 2018, as new research from DNV GL, the technical advisor to the oil and gas industry, confirms confidence in the industry has doubled. After three tough years, confidence in industry growth has risen globally from …

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Total Takes Over Maersk Assets in Kenya Commits to Lokichar to Lamu Pipeline Route

The Kenya government has given a greenlight to the acquisition of Maersk Oil and Gas assets in Kenya by Total following the acquisition of 100% of the equity of the Danish E&P company Maersk Oil Exploration International (Mogas Kenya) by the French giant in August 2017. This gives Total E&P a 25% share in of Blocks …

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Helium One Looks to the Australian Bourse to Financing Tanzania Operations

Helium One has informed its shareholders of various financing options available to fund ongoing exploration activities.  One of these options may involve undertaking an initial public offering (IPO) on the Australian Securities Exchange (ASX).  To this end, Helium One has appointed PAC Partners Pty Limited to review the options associated with a possible IPO and …

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Uganda’s Hotel & Tourism Sector Set to expand as Oil Development Phase kicks in

The hotel and tourism sector in western Uganda in particular is expected to see increased demand as work is set to commence on the development phase in the country’s upstream sector. According to Petroleum Authority of Uganda in a presentation by director for technical support services Peninah Aheebwa PAU projects the hotel accommodation requirements from …

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Orca Exploration Announces Closing of the First Tranche of the Swala Investment

Orca Exploration Group has announced that the escrow release conditions have been met regarding the first tranche of the previously announced investment of up to US$130 million by Swala Oil & Gas (Tanzania) plc in the Orca Group. As a result, the definitive agreements for the Investment have been released from escrow and are delivered …

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Benefits of Strict Internal Control and Compliance Measures in Oil and Gas

Guest Post By John Chacha It was my first international audit assignment in what looked like a very complex environment. I didn’t know the weight of the task that waited ahead of me. How would a management transition audit (in a producing oil company) be successfully carried out by three people? I asked my boss …

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CGG Supports E&P Digitalization with Smart Data Solutions

CGG has repositioned its Data Management Services business as Smart Data Solutions after extending its E&P data optimization portfolio to deliver global digitalization solutions. Smart Data Solutions has rapidly expanded its offerings and investments, and is now actively engaged in projects that address the digital transformation programs of its global oil and gas industry customers, …

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