Comparison between International crude oil prices (Murban) and local fuel prices (Kenya)

[twitter-follow screen_name=’oilnewskenya’]   Crude oil price is in Dollars per Barrel while the rest is in Shillings per litre. The graph is meant to show the trend not the exact … Read More

Results on Taachui-1 well in Tanzania expected in two weeks

Ophir Energy has announced that results from the offshore Taachui-1 well in Block 1 will be known by the end of May. The well is projected to have a mean … Read More

Africa Oil, Tullow appraisal activities strike more oil in Northern Kenya

Africa Oil and its Partner Tullow oil have hit some 62 meters of vertical net oil pay in a well drilled towards the north of Twiga 1 and is currently … Read More

Kenya to host its first local content conference in the oil and gas industry

Nairobi will next month host the first conference and exhibition that seeks to stir debate on local content in the upstream oil and gas industry in the Eastern Africa region. … Read More

Sterling Energy announces completion of farm-in to Odewayne Block

Sterling Energy has announced that completion has now occurred under the Farmout Agreement with Jacka Resources Somaliland for the acquisition of an additional 15% interest in the Production Sharing Contract … Read More

Mining Bill 2014 violates human rights, encourages corruption – Lobby Groups

Civil society groups in Kenya have raised a red flag on the proposed Mining Bill 2014 which they say will lead to compulsory acquisitions of land from communities in mining … Read More

Uganda to borrow $145mn for infrastructure upgrade ahead of oil production

The Uganda government has said it will borrow $145 million for revamping infrastructure in the Albertine region part of $320 million to be sought from World Bank’s arm the International … Read More

Madagascar Oil Declares Block 3104 Tsimiroro commercially viable

Madagascar Oil has announced it has determined that the Block 3104 Tsimiroro discovery is a ‘Commercial Discovery’, under the terms of the Production Sharing Contract between OMNIS and Madagascar Oil S.A. (‘PSC’). Declaration of … Read More