According to Tullow, oil from the Lokichar Basin is set to cost US$25/bbl. to extract and transport. However, the aspect of transportation is yet to be resolved, making their estimates doubtful.An examination by the Oxford Business Group indicates that there is a relatively high wax content in the oil, which could put a dampener on the final production price — likely to trade less than the global benchmark of Brent crude.NGO Oxfam.... Read more »

Posted on : Thursday , 12th March 2020

The Petroleum Authority of Uganda (PAU), the Ministry of Energy and Mineral Development (MEMD) and the Uganda National Oil Company (UNOC) introduced a Kenya delegation from the Ministry of Petroleum and Mines.The two-day official visit focused on benchmarking and familiarization as the republic of Kenya also follows to the process of setting up a Petroleum Regulatory Authority.The three institutions conducted a series of meetings with the.... Read more »

Posted on : Monday , 2nd March 2020

The State has introduced the search for suppliers of the six-kilogramme cooking gas cylinders and their accessories.The Petroleum and Mining Ministry said, suppliers of empty cylinders and fittings under the Sh12.2 million tender may be local or international firms which clinch the tender that closes on March 4.In the earlier phase of the gas project, the State seeks to acquire 100,000 new empty 6kg-Liquefied Petroleum Gas (LPG) domestic.... Read more »

Posted on : Monday , 24th February 2020

Kenya plans to export two crude cargoes a year under the early oil pilot scheme up to late-2023, when first oil from the major Turkana oil development is projected to come online, Petroleum Principal Secretary Andrew Kamau told S&P Global Plats in a telephone interview earlier last month."We aim to export some 400,000 barrels of crude annually beginning with the financial year 2020-21, 2021-22 and 2022-23," he said. "We want a rigorous.... Read more »

Posted on : Wednesday , 5th February 2020

Deep Casing Tools (DCT), the UK-based Oil and Gas Technology development company, has confirmed the employment of 2 agents as part of its strategic development plans in Africa.DCT has selected Africa Oilwell Technology, an Oilfield Services Company, as its partner in Cameroon, Angola,Democratic Republic of Congo , Republic of Congo, Gabon and South Africa. Meanwhile, Omasup Energy Services one of the oil and gas services company, has been.... Read more »

Posted on : Thursday , 30th January 2020

International Finance Corporation (IFC) is putting into action a six-year project to support small firms in Kenya win contracts in the oil, gas and other sectors.The funding for the project dubbed Kenya Local Economic Development Project (LED-Kenya) started in September last year but IFC made the announcement this month without indicating the amount it will spend in the initiative.According to IFC the project will run up to June 2023 with a.... Read more »

Posted on : Thursday , 2nd January 2020

Sinopec, the largest state-owned oil and Gas Company from china, has officially launched its lubricants in Kenya.It is the world's third-largest company, which is listed at the Hong Kong Stock Exchange and trades in Shanghai and New York Stock exchanges.Strategising on penetrating Kenya’s market the chemical producer brought key players during its official launch in November this yearSpeaking during the launch Radisson Blu Hotel in Nairobi,.... Read more »

Posted on : Thursday , 19th December 2019

According to Kenya Ports Authority after taking eleven months to work for Construction of the Sh39 billion new Kipevu Oil Terminal (KOT) is 40 % done.The project is being developed by China Communications Construction Company(CCCC), started on February 1, with a timeline of 30 months. It is expected to be ready by August 1, 2021.KPA is the contractor of the new terminal, which will see the current 50-year old Kipevu Oil Terminal moved to a new.... Read more »

Posted on : Thursday , 19th December 2019

Kenya has been presented with two designs for the Lokichar-Lamu crude oil pipeline (LLCOP) with a price fluctuation of $122.2 million.British firm Wood Group Plc has concluded with the front end engineering design (FEED) that shows Kenya can chose for a pipeline with onshore storage facilities that would cost $1.2 billion to construct or one with floating storage facilities at a cost of $1.1 billion.In both ways, the designs show construction of.... Read more »

Posted on : Thursday , 28th November 2019

NewAGE has invented 1.6 trillion cubic feet of natural gas in a locality called Elkuran, says the private weekly newspaper in Ethiopia, The Reporter. The company has made the discovery near the site where the Chinse Poly GCL has started test gas production a year ago. NewAge currently operate the Adigala and Ogaden blocks in Ethiopia.Guang Tutlam (MD), the State Minister of Ethiopia’s Ministry of Mines and Petroleum said “We are now working.... Read more »

Posted on : Thursday , 21st November 2019

Kenya has endorsed an agreement with oil multinationals that is expected to draw up to Ksh308.4 billion ($3 billion) financing for expansion of its Turkana petroleum deposits, potentially placing the country ahead of Uganda in the race to the market.   Kenyan petroleum ministries were in London to finalize an information memorandum that will be marketed to global financiers who are eager on putting money in the Turkana oil.... Read more »

Posted on : Wednesday , 16th October 2019

Hytera to showcase their Products at 05th Oil & Gas Event which will be held in Dar Es Salaam at the Diamond Jubilee Expo Center in East Africa. Hytera Communications Corporation Limited is a global privately-run company headquartered in Shenzhen China. Established in 1993, Hytera, a global leading PMR solution provider, is dedicated to providing customized and complete professional communications solutions to government and public.... Read more »

Posted on : Thursday , 10th October 2019