Tough luck for Ophir oil exploration in Tanzania
Ophir Energy plc has announced that drilling operations have now concluded on the Mlinzi Mbali-1 well in Block 7*, Tanzania. Ophir has an 80% net interest. The well was located … Read More
East African oil wells among explorations to watch out for in 2014
The fact that a 40% drilling success rate marks out 2013 as one of BP’s best years for exploration in decades reflects the kind of glass-half-full attitude hardy oil investors must … Read More
UAE’s Hayaat buys shares in Swala Energy
[twitter-follow screen_name=’oilnewskenya’] Story by The National Hayaat Group, an Abu Dhabi-based investor, has bought a minority stake in an East African oil explorer for A$3.3 million (Dh10.8m). It acquired a … Read More
Sub-Saharan Africa outstrips China in 2012 oil demand growth
Oil demand in sub-Saharan Africa (SSA) grew by a massive five per cent year on year between 2011 and 2012, outstripping both China and India, new data from African energy … Read More
Chinese oil workers South Sudan to Juba
[twitter-follow screen_name=’oilnewskenya’] Story by Reuters China National Petroleum Company, a main oil investor in South Sudan, is evacuating oil workers to the capital, Juba, amid continued fighting in the world’s … Read More
Challenges Kenya, Uganda face in oil production
The East African region is now focus of the world as it joins the league of oil producing countries with over 1.6 billion barrels discovered in Uganda and Kenya with … Read More
$4bn Uganda to Kenya pipeline key to unlocking reserves
[twitter-follow screen_name=’oilnewskenya’] Wood Mackenzie’s latest upstream analysis asserts that the proposed 1,400 kilometre (km) pipeline, from central Uganda to Lamu on Kenya’s east coast, is vital in order to realise … Read More
Government suspends all land deals in Kenya’s oil rich region
[twitter-follow screen_name=’oilnewskenya’] All land transactions in the Kerio Valley region where oil exploration is ongoing in Kenya have been suspended till the country’s land commission comes into office. According to … Read More
Uganda parliament clears Tullow Oil of corruption allegations
[twitter-follow screen_name=’oilnewskenya’] Uganda’s parliamentary ad hoc committee investigating allegations of bribery and corruption by Tullow Oil Plc in the country has said it did not find any credible evidence to … Read More
Kenya seeks over 470,000 T oil products for January-February 2013
Kenya’s oil importers are seeking over 470,000 tonnes of oil products for delivery over January to February, slightly lower than its previous purchases for November to January, industry sources said on Monday.