Tullow Oil Losses Soar to $1.69B for 2019
Irish explorer Tullow Oil has announced that it has recorded a $1.694B in loss after tax for the year ended 31st December 2019. According to the company it has undertaken … Read More
Tag: Kenya
Kenyan Delegation visits Uganda to Benchmark on Establishment of a Petroleum Regulatory Authority
A delegation from the Ministry of Petroleum and Mines, Kenya has completed a two-day benchmarking and familiarisation visit to the Petroleum Authority of Uganda (PAU), the Ministry of Energy and … Read More
Job Losses Loom in Kenya, Uganda and Ghana as Tullow Oil Plans Staff Cuts
Tullow Oil is planning to reduce its staff head count in Kenya, Uganda and Ghana as the company plans to cut down expenses by $20 million in 2020 as the … Read More
Are Tullow Oil & Total Bailing Out of Kenya’s Oil Project?
According to reports emanating from France last week Tullow Oil the operator of blocks Blocks 10 BA, 10 BB and 13T in the South Lokichar Basin the company together with … Read More
Kenya Upstream Sector Paints Gloomy Future For Oil Exploration, Brighter Development Phase in the Next 12 months
In 2019 only one well was drilled in Kenya in the Lamu Basin Block L3 by Zarara Oil and Gas although it did not reach its expected total depth of … Read More
Somalia Approves New Petroleum Law
Somalia’s Parliament upper house earlier this week approved a new petroleum legislation, aimed at providing a regulatory framework that has been lacking and overall attract major international companies which exited … Read More
Kenya’s Mobile Tech Revolution – A New Dawn
The mobile revolution has immensely transformed the lives of Kenyans, both communication-wise and also in terms of simplifying financial access. The phone-based money system popularly known as M-PESA introduced in … Read More
Kenya Joint Venture Partners Sign Heads of Terms Agreements for Development of the South Lokichar Basin
Heads of Terms agreements with the Government of Kenya and joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A. have been signed for the development of the oil … Read More
Kenya – Somalia Clash Over Alleged Somalia Licensing Round in London
A rift has emerged between Kenya and Somalia over an alleged licensing round by the horn of Africa country in which Nairobi accuses its neighbor of licensing some contentious blocks … Read More
Over 70,000 Barrels Evacuated to Mombasa Under EOPS
The transfer of stored crude oil from Turkana to Mombasa by road under the early oil pilot scheme (EOPS) commenced on 3 June 2018 has to date transported 70,000 barrels … Read More
