N e w s

Nigeria: Investment in Africa's Oil, Gas to Increase Through 2016, Says Baker Hughes

 Ejiofor Alike The Managing Director of baker Hughes Nigeria, Mr. Ayo Shote has predicted that investment in Africa's oil and gas business would increase beyond 2016.   ‎Speaking at the company's Techno Day conference and Exhibition held recently in Lagos, Shote explained that these investments will continue to come into Africa because of huge potentials in Africa's oil and gas business.   He identified key focus of this.... Read more »

Posted on : Thursday , 28th August 2014

East African Explorers Seek Third  Partner For Kenya Oil Fields Development

 East African explorers, Africa Oil and its partner Tullow Oil, have told Reuters they could take on a third partner to help develop oil discoveries in northern Kenya where they discovered an estimated 600 million barrel in Block 13 T and Block 10 BB in South Lokichar Basin. “We will likely bring on a partner to help develop Lokichar Basin reserves but no timetable has been set,” Africa Oil’s chief executive officer Keith.... Read more »

Posted on : Wednesday , 27th August 2014

EAST AFRICAN OIL & GAS DISCOVERIES STIR GLOBAL EXPLORER INTEREST

 Gas and oil discoveries in Tanzania, Uganda and Kenya has led to East Africa receiving its share of attention from global oil companies. “Oil discoveries in Uganda Tanzania and Kenya have also added to the excitement in the sector as new players look to enter these markets, including some of the largest independent and international oil companies, “ Harley, president of DHL Energy Sector noted. He added that, while Angola and.... Read more »

Posted on : Wednesday , 27th August 2014

East Africa Oil Boom

 East Africa is the new oil and gas frontier. Recent discoveries of commercially viable deposits in the last few years in Tanzania, Kenya, Mozambique, and Uganda among others have sparked excitement and equal concern in the region. The potential of oil and gas exports have currently prompted an economic boom that could last for the next few decades, or at least until the tap runs dry. But the talk of prosperity is softened by the typical.... Read more »

Posted on : Wednesday , 27th August 2014

Kenya: East Africa Spectre Seeks Clearance for LPG Factory

 A company linked to the Odinga family plans to set up an LPG filling and oil depot at Nairobi's Embakasi area as demand for cooking gas rises.   Demand for the liquefied petroleum gas in the country is expected to increase steadily and several firms in the oil and gas industry have recently embarked on building inland LPG filling depots to capitalise on the projected boom.   In a notice published Friday in the Kenya Gazette,.... Read more »

Posted on : Wednesday , 27th August 2014

Kenya looks into establishing oil and gas industrial parks

 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 Parks and Support Bases. According to a presentation by the National oil corporation’s managing director Sumayya Athmani during the stakeholder forum for oil and gas in June the plans that are an infancy stage include a supply base to support offshore.... Read more »

Posted on : Tuesday , 26th August 2014

Smaller firms will lead East Africa's oil and gas development

 * East Africa's huge gas reserves a big lure; proximity to Asia attractive   * Smaller explorers set to kick start development   * Majors cut investments as margins squeezed   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 fall, executives from several oil and gas firms said on.... Read more »

Posted on : Tuesday , 26th August 2014

Ghana: Weston Oil and Gas Fund Launched