N e w s

Africa Oil, Tullow likely to seek partner for Kenya oil fields

Canadian explorer Africa Oil Corp. and its partner Tullow Oil are likely to bring in a third partner to help develop their oil discoveries in northern Kenya, Africa Oil’s chief executive officer said. The firms discovered oil reserves in Block 13 T and Block 10 BB in northern Kenya’s South Lokichar Basin, estimated at a combined 600 million barrels. Experts say those reserves are enough to make a pipeline viable even without.... Read more »

Posted on : Wednesday , 6th August 2014

Shandong Kerui Petroleum eyes the Kenyan market

China’s Kerui Group which specializes in trading, oil exploration development and renowned as the key manufacturer and supplier of heavy duty equipment extensively used in petroleum exploration and delivery is eying Kenya as the next base of its operations for the East African region. The company already has a presence in 49 subsidiary offices is already present in a number of African states including its largest market.... Read more »

Posted on : Thursday , 7th August 2014

Oil find to transform East African economies

East African oil and gas discoveries are poised to fundamentally transform the economies of the region as the fuel resources usher in new investment in road, rail, power and industrial infrastructure, according to Standard Bank. Uganda, Kenya, South Sudan, Ethiopia, Tanzania and Mozambique have emerged as one of the most prolific oil and gas exploration regions in the world over the last 10 years, says Mr Simon Ashby-Rudd, the London-based.... Read more »

Posted on : Tuesday , 29th July 2014

Swala Oil gets Dar es Salaam listing approvals

DAR ES SALAAM, Tanzania - Swala Oil and Gas Tanzania Plc has offered 9.6 million shares to the public following its approval by the Tanzania Capital Markets and Security Authority (CMSA). The listing of Swala makes it the first oil and gas exploration firm to list on the Dar es Salaam Stock Exchange (DSE) in Tanzania. CMSA has approved Swala’s Initial Public Offer Prospectus last week. “This allows Swala to offer to the public.... Read more »

Posted on : Tuesday , 29th July 2014

In Kenya, the Next Big Oil Patch

Kenya's Great Rift Valley, a 450-mile-long volcanic trench ripped open by shifting tectonic plates, is known as the cradle of mankind for the million-year-old remains of human forebears discovered there. Oil drillers say the area also holds a string of fields that could make East Africa's largest economy a major energy producer. The U.K.'s Tullow Oil (TLW:LN) and Canada's Africa Oil found crude at two wells last year and now plan up to 11 more.... Read more »

Posted on : Monday , 28th July 2014

Recent discoveries in Kenya highlight oil and gas potential

Kenya’s run of geologic luck continues, following the announcement of the country’s fourth consecutive discovery of oil by the UK’s Tullow Oil and Canada’s Africa Oil. Similarly, while activity in the natural gas sector is proceeding at a slower pace, following the recent departure of one explorer, the outlook for new finds is promising. New wells Tullow and Africa Oil, which are joint partners in the exploration of.... Read more »

Posted on : Monday , 28th July 2014



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  • Industrial  machinery
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