Thousands of oil industry jobs at stake as companies reduce costs

[twitter-follow screen_name=’oilnewskenya’] Keeping a job in the upstream sector of the global oil and gas industry is seemingly becoming harder by the day as companies streamline operations to reduce costs … Read More

Oil and Gas industry showing better appreciation for local content participation – SBC

A research by Schlumberger’s strategic management consulting arm Schlumberger Business Consulting (SBC) says there is a better appreciation by the oil and gas industry of the need for local content … Read More

Analyst predict flat growth outlook for oil and gas industry in 2015

[twitter-follow screen_name=’oilnewskenya’] A new global oil and gas outlook by Moody’s has projected that the industry will witness a flat growth in 2015 a downgrade from the earlier expectation of … Read More

Callkey Network targets East Africa’s Oil and Gas Industry with its VSAT products

[twitter-follow screen_name=’oilnewskenya’] Internet Service Provider Callkey Networks has said it will be giving special focus to players in the oil and gas industry by providing specially customized products that suits … Read More

Halliburton offers $35 billion for Baker Hughes

[twitter-follow screen_name=’oilnewskenya’] Energy industry products and services provider Halliburton and leading supplier of oilfield services, products, technology and systems Baker Hughes have announced a definitive agreement under which Halliburton will acquire … Read More

Kenya’s finance bill offers a mixed picture for oil and gas investors – Africa Oil

[twitter-follow screen_name=’oilnewskenya’] Africa Oil has in a statement said that the recently assented to Finance bill by President Uhuru Kenyatta and whose publication is imminent will impact on the oil … Read More

Special Unit to monitor Tanzania’s natural gas revenues, sovereign wealth fund

Tanzania has announced it will be forming a special unit that will look into the country’s revenue from natural gas as the country prepares to start production in the first … Read More

World Bank board approves $50m to strengthen Kenya’s capacity in oil and gas industry

[twitter-follow screen_name=’oilnewskenya’] The World Bank’s Board of Executive Directors has approved US$50 million for the Government of Kenya to strengthen its capacity to manage the oil and gas sector and the … Read More

Mozambique and Tanzania sign MoU to cooperate in hydrocarbon sector

The Tanzanian Petroleum Development Corporation (TPDC) and The Mozambique National Petroleum Institute (INP have signed a memorandum of understanding that will enable both eastern African countries partner in issues related … Read More