Otto Energy requests trading halt ahead of major announcement
The securities of Otto Energy Limited will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless … Read More
Tag: East Africa
WHL Energy to drill in Seychelles Junon block in 2015
WHL Energy is preparing to participate in drilling in its Junon block in Seychelles after it completes interpretation of 3D seismic acquired in June last year. According to WHL Energy … Read More
Kenya looks into establishing oil and gas industrial parks
[twitter-follow screen_name=’oilnewskenya’] As East Africa potential to become a major global oil and gas producer continues to attract international investors Kenya is already looking into establishing Oil and Gas Industrial … Read More
Experts warn on proposed windfall tax in attracting investors to Kenya
Experts are warning that a proposed windfall tax by the Kenyan government on oil once production starts could keep away potential investors much as it would amount to more income … Read More
African oil & energy sector fuelling global investor growth – DHL
[twitter-follow screen_name=’oilnewskenya’] While Oil and Gas activity in West Africa is nothing new, it is the activity in East Africa which is creating a stir amongst exploration companies and of … Read More
Infrastructure, regulatory uncertainty and corruption remain hurdles in Africa’s oil & gas sector – PwC Review
[twitter-follow screen_name=’oilnewskenya’] The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous fuelled by fraud, corruption, theft, poor infrastructure and a lack of skilled … Read More
LNG from East Africa – how the odds are stacked
Story by lexology.com How much gas? Vast amounts. Mozambique alone is estimated to have gas reserves of up to 150 trillion cubic feet (TCF) and Tanzania potentially as much as 50 … Read More
Kenya power industry convenction set for September
[twitter-follow screen_name=’oilnewskenya’] “There are huge opportunities in power generation because of the demand in the region,” says Engineer Joseph Njoroge, Principal Secretary at Kenya’s Ministry of Energy & Petroleum. The … Read More
Kenya to have the first regional seismic processing center in Nairobi
[twitter-follow screen_name=’oilnewskenya’] The national oil corporation has announced that it is in the process of setting up the first seismic processing and data visualization center within East and Central Africa. … 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