Tag: Kenya
Majority of Petroleum Rights Holding Companies in Kenya Incorporated in Tax Havens
A report by Oxfam dubbed The Use of Tax Havens in the Ownership of Kenyan Petroleum Rights shows that all but five companies that hold petroleum exploration rights have at … Read More
An Analysis of the Petroleum Bill 2015, Model PSC
Source: Oxfam The Petroleum (Exploration, Development and Production) Bill, 2015 and associated model production sharing contract (PSC) are currently in the final stages of Parliamentary review. The development of a … Read More
Breakdown of 2C Oil Resources Increase in South Lokichar Basin
Africa Oil has announced that an independent assessment of the Company’s Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by … Read More
Simba Energy Increases Private Placement to $2.15 Million
Simba Energy has announced that it has increased the size of its previously announced private placement to raise gross proceeds up to $2,150,000 (43 million units at a price of … Read More
Kenya’s National Assembly Adopts The Petroleum (Exploration, Development and Production) Bill
The Kenyan national assembly has adopted the much awaited Petroleum (Exploration, Development and Production) Bill (National Assembly Bill No. 44 of 2015) paving way for the country to move closer to … Read More
Detailed Studies of Kenya’s Oil Pipeline Route To start in a few weeks
The process to build a 891 kilometer 28 inch pipeline from Northern Kenya and Kenya’s Lamu port is set to begin with detailed studies expected to commence in the next … Read More
GDC trains 113 staff with the JICA $20.5M capacity building grant Baringo-Silali Project
The Japan International Cooperation Agency (JICA) has trained 113 young engineers, scientists and planners in the first phase of the $20.5M geothermal capacity building grant extended to GDC in 2013. … Read More
Baringo Land deal paves way for commencement of the KfW 80 Million Euro Baringo-Silali Project
GDC has signed a land agreement pact with affected communities in the Baringo area thus paving way for the commencement of Phase one of the Baringo-Silali project. A meeting this … Read More
Kenya’s Crude Oil Recoverable Resources Up to 750 million barrels in New Assessment
Tullow Oil has said its initial assessment estimate Kenya crude oil recoverable resources have jumped 25 percent to 750 million barrels following the recently concluded exploration and appraisal drilling. This … Read More