Posted in Top News

Thousands of oil industry jobs at stake as companies reduce costs

[twitter-follow screen_name=’oilnewskenya’] Keeping a job in the upstream sector of the global oil and gas industry is seemingly becoming harder…

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Tullow Oil cuts exploration capital expenditure by 80% in 2015 following oil price drop

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil has said it will be shrinking its 2015 exploration expenditure capital to just $200 million from…

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Drilling of Kifaru-1 well in Mozambique begins

[twitter-follow screen_name=’oilnewskenya’] Wentworth Resources has announced the beginning of drilling operations on the Kifaru-1 exploration well by the Helmerich &…

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ION Geophysical to acquire 2D seismic in offshore Puntland

[twitter-follow screen_name=’oilnewskenya’] ION Geophysical has announced that it has signed the first of a kind offshore multi-client 2D seismic survey …

Posted in Prices Top News

Maximum Retail Pump Prices in Kenya 15th January to 14th February 2015

Source: Energy Regulatory Commission HIGHLIGHTS Average landing cost of imported Super Petrol decreased by 17.34 from $841.22 (Nov 2014) to…

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Most developing countries will benefit from oil price slump – World Bank

Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World…

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Tullow Oil to cut jobs as oil price slump continues

Tullow Oil has said it is planning to cut costs through a reduction of its workforce according to an unnamed…

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Africa Oil & Gas Legal Summit 2015 set for South Africa in February

The Africa Oil & Gas Legal Summit 2015 along will be held in the last week of February in Johannesburg,…

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CAMAC Energy terminates contract for drillship Energy Searcher

CAMAC Energy has announced it has terminated its contract with Northern Offshore International Drilling Company Ltd. for the drillship Energy Searcher….

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Worldwide Rig Count for December Dips Amid Oil Price Drop

Baker Hughes has in latest international rig count for December 2014 shown a decline to 1,313 from the 1,324 counted in…