New process converts algae to crude oil in less than an hour
It typically takes about 65 million years to convert plant material into crude oil – but now a new process has dramatically reduced the amount of time necessary and can … Read More
Author: Samuel Kamau Mbote
Oryx Petroleum confirms successful testing of Congo’s Crude Oil and Gas deposits
JV partner Oryx Petroleum has announced that the testing of the CNOOC-operated E-1 exploration well targeting the Elephant Prospect in the Haute Mer A licence area in Congo (Brazzaville) confirmed the discovery of natural gas and crude oil previously … Read More
Africa Oil Announces Farmouts in the Rift Basin Area and Adigala Blocks in Ethiopia
Africa Oil has announced that it has received Ethiopian government approval in respect of two farmout agreements with Marathon Oil and New age Ethiopia Limited. Under the terms of the … Read More
WHL Energy signs Seychelles farm-in agreement with Ophir Energy
Australian energy company WHL Energy Limited has signed a farm-in agreement with Ophir Energy plc under which Ophir will farm-in to earn a 75% interest in WHL Energy’s exploration interests offshore … Read More
Statoil announces successful test in Block 2 offshore Tanzania
Statoil and co-venturer ExxonMobil have announced the results from their first drill stem test in the Tanzania Block 2 offshore discoveries. The data acquired is important to reduce technical uncertainties in a possible future Tanzania … Read More
South Sudan says in control of main oil fields in Upper Nile
South Sudan government has said it is in full control of the main oil producing areas of Upper Nile state with production remaining at 160,000 barrels per day. This was … Read More
Tullow Oil denies oil discovery reports in Ethiopia
British explorer that is carrying works in the South Omo zone has denied reports by US based website Energy and Capital that it had discovered oil in the zone. Tullow … Read More
East Africa lacks extractive industry taxation capacity
Article courtesy of OxfamAmerica Dr. Prosper Ngowi Dr. Prosper Ngowi, an economics professor from Tanzania, said that Tanzania has lost a lot of revenue from the gold sector because of … Read More
ERC issues marketing firms guidelines
New guidelines by the energy regulatory authority that came into force this month has capped the volumes and number of retail outlets each marketing firm. Marketing firms starting this month … Read More
