Oil and Gas sector to focus at Dubai: Somalia Investment Summit

[twitter-follow screen_name=’oilnewskenya’] The growing confidence in Somalia’s economic recovery process has seen institutions like the Eastern and Southern African Trade and Development Bank, commonly known as the PTA Bank, lift sanctions against the country. PTA Bank is the key Sponsor for the Somalia Investment Summit joining other regional authorities like the Commonwealth Business Council and the …

Oil and Gas sector to focus at Dubai: Somalia Investment SummitRead More »

Tullow Oil loss of Kenya’s Block 10A adds to Kshs. 38.4 billion group profit dip

[twitter-follow screen_name=’oilnewskenya’] British explorer Tullow Oil which held the license to exploration Block 10 in Northern Kenya’s Marsabit county has booked a 6.8 billion shilling loss after losing the expired permit. Block 10 which was licensed to tullow and its partner African Oil which had 30 percent stake saw Tullow’s loss add to a total …

Tullow Oil loss of Kenya’s Block 10A adds to Kshs. 38.4 billion group profit dipRead More »

Tullow Oil May Sell Part of Stake in Ugandan Oil Field

[twitter-follow screen_name=’oilnewskenya’] Story Wall Street Journal Africa-focused oil and gas explorer Tullow Oil PLC is considering selling part of its stake in a Ugandan oil field it is developing with France’s Total SA and China’s Cnooc Ltd. to focus on Kenya, where a more supportive government is helping a project there move faster, Tullow’s chief …

Tullow Oil May Sell Part of Stake in Ugandan Oil FieldRead More »

Africa Oil Provides Operations Update

[twitter-follow screen_name=’oilnewskenya’] “Africa Oil” or the “Company”) is pleased to provide the following update on its activities in Kenya and Ethiopia. Africa Oil’s work program for 2014 will include at least 20 exploration and appraisal wells, extended well tests on the South Lokichar basin discoveries, and will include exploration wells targeting four new basins. Excellent …

Africa Oil Provides Operations UpdateRead More »

Oman Oil Company targets Tanzania as first oversees office

As part of its broad investment programme to increase presence in key growth markets, Oman Oil Company (OOC) has announced the opening of its first representative overseas office in Dar es Salaam, Tanzania. Operating under the name Oman Energy Limited (OEL), OOC will work alongside its majority-owned, Oman Trading International (OTI) – petroleum products, crude …

Oman Oil Company targets Tanzania as first oversees officeRead More »

Tullow Oil Donates Kshs.20 Million to Fight Drought in Turkana

Oil exploration and production company Tullow oil, has donated Kshs. 20 million to fight drought in Turkana County. Speaking when he presented a cheque to Kenya Red Cross Society which is implementing the programme, Tullow Kenya Country Manager Martin Mbogo said the funds will be used to support School Feeding Programme. Early Childhood Education Centres …

Tullow Oil Donates Kshs.20 Million to Fight Drought in TurkanaRead More »

PanContinental: Onshore Kenya L6 Farmed-Out For Seismic and Drilling

Pancontinental Oil & Gas and its wholly owned subsidiary Afrex Limited (together “Pancontinental”) has entered a farm-in agreement for the onshore portion of Kenyan exploration area Block L6 in the Lamu Basin. Block L6 is partly onshore and partly offshore. Under the terms agreed with farminee Milio E&P Limited (“Milio”) and Milio International the current joint venture parties …

PanContinental: Onshore Kenya L6 Farmed-Out For Seismic and DrillingRead More »

ERHC Energy Inc. Awards BGP Kenya 2D Seismic Survey Contract

ERHC Energy Inc. a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has announced that its wholly owned subsidiary, ERHC Energy Kenya Limited, has awarded BGP Kenya Limited a contract to conduct a 2D seismic survey of Block 11A in northwestern Kenya. ERHC intends the seismic survey to commence in early …

ERHC Energy Inc. Awards BGP Kenya 2D Seismic Survey ContractRead More »

Kenya Government to Invite Bids for Sh255 Billion Crude Oil Pipeline

Kenya is set to invite international bids for the design and construction of a crude oil pipeline linking the oil fields in Turkana and the Port of Lamu. In the first acknowledgement by a government official, Energy Secretary Davis Chirchir said the country’s oil resources have attained commercial thresholds and that it was time the country started preparing infrastructure ahead of …

Kenya Government to Invite Bids for Sh255 Billion Crude Oil PipelineRead More »

Uganda signs deal to enable refinery and pipeline construction

Uganda can now kick start the building of a refinery after the government and three oil companies that have struck oil in the country signed a memorandum of understanding at State house Entebbe. The MOU sets up Uganda as a future oil producer and places the necessary checks by laying a route to market framework. …

Uganda signs deal to enable refinery and pipeline constructionRead More »