Swala Oil and Gas Tanzania to establish trust fund
Swala oil and gas Tanzania will establish a trust fund that will be used to collect proceeds from sales in oil and gas for communities in areas where extraction is … Read More
Chevron Announces Sale of Interests in Chad and Cameroon
Chevron Corporation has announced that its subsidiary, Chevron Global Energy Inc., has sold its 25 percent non-operated interest in a producing oil concession in southern Chad and the related export pipeline … Read More
WWF celebrates victory over SOCO International in DRC
Statement from WWF WWF celebrates a major victory in protecting Virunga National Park today. Soco International PLC, the London-based multinational oil company, announced that it would end controversial oil exploration … Read More
Kenya positions itself for the oil transportation business
Following recent major discoveries of oil in the East Africa region Kenya is already positioning itself as an important player in the oil transportation business. The country is investing in … Read More
From Oil Field to Football Field: Why Are So Many World Cup Contenders Resource-Dependent?
Source: resourcegovernance.org Qatar’s alleged plot to “buy” the 2022 World Cup has been making global news recently, with salacious stories of bribes paid to African and South American FIFA officials and deals to exchange natural … Read More
Nairobi gets its first oil industry dedicated office building
Global oil companies in Kenya can now share an office block following the launch of the Nexgen Petro center by the principal secretary for energy yesterday. The Petro Center developed … Read More
East African crude oil pipeline construction an ‘emergency project’
The Kenyan government has announced that the construction of its 800km pipeline part of the 1300 kilometer Uganda-Kenya pipeline will be classified as an emergency project. The entire pipeline which … Read More
Citi warns Tullow Oil’s debt build-up could delay production
Source: Business Daily London Stock Exchange-listed Tullow which has discovered oil in Turkana County should sell part of its stake to raise money for production, analysts at Citigroup Global Markets … Read More
Uganda Refinery lead advisor expected to be known by July 2014
Uganda has received detailed proposals for the role of lead investor for the development of 60,000 barrels per day oil refinery in Hoima. The proposals submitted by four of six … Read More
Smaller firms will lead East Africa’s oil and gas development
Source: Reuters Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa’s oil and gas industry as majors ditch riskier projects as margins … Read More
