Houston based Rift Energy says its preliminary resource reserve estimates for the top ten leads (including the four drill-ready prospects) says it is hopeful of  encountering oil or gas when it drills its first well later this year.   The block which has already seen one well  the Ria Kaluli 1 drilled in 1962 encountering oil shows before being plugged Rift Energy estimates include a mid-range recoverable estimate of 856.... Read more »

Posted on : Wednesday , 22nd July 2015

 Integrated Geoscience Company CGG has announced that it has been awarded a contract by the Tanzanian Petroleum Development Corporation (TPDC) to acquire high-resolution gravity gradiometry and aeromagnetic data over two onshore areas along the South-Eastern Tanzanian Coastal Basin and the eastern arm of the East African Rift.   The acquisition over a total area of 30,000 sq km will commence in mid August 2015 and is scheduled to.... Read more »

Posted on : Wednesday , 22nd July 2015

 Kenya’s economy has shown remarkable gains over the last five years, maintaining a robust growth rate. GDP growth stood at 5.4 percent in 2014, an improvement on the 5.1 percent recorded in 2013 and 4.6pc in 2012. The country’s annual GDP growth is projected to reach 7.0 percent by 2017 (6.7pc average CAGR 2014-2017).   Following the rebasing of calculations in 2014, Kenya’s GDP now stands at US$55 billion. The.... Read more »

Posted on : Tuesday , 21st July 2015

Italy's Eni has discovered gas reserves of up to 15 billion cubic metres in Egypt's Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday.  The discovery was made in Western Abu Madi, 120 km northeast of Alexandria, where Eni holds 75 percent of exploration rights through an Egyptian subsidiary, with Britain's BP holding a 25 percent stake. Eni made the discovery at a depth of 3,600 metres.... Read more »

Posted on : Tuesday , 21st July 2015

Polarcus Limited announced Monday that it has commenced a new 3D broadband multi-client survey across the Mauritania-Senegal-Guinea-Bissau Basin (MSGB), offshore northwest Africa. The survey, which is supported by industry funding, will cover an area of 579 square miles offshore The Gambia and is expected to run for 50 days. Polarcus expects final data products to be available in 1Q 2016. Prefunding for the project was secured due to “the.... Read more »

Posted on : Tuesday , 21st July 2015

 Kenya Pipeline Corporation (KPC) is yet to construct a 450Km pipeline from Mombasa to Nairobi that will help them meet the rising demand for fuel in the market and complement the existing line and replace it ultimately.   The pipeline project by KPC has received funding worth US$ 343m from a consortium of local and international banks namely; Co-operative Bank, CfC Stanbic Bank, Citibank (Kenya), Commercial Bank of Africa, Standard.... Read more »

Posted on : Monday , 20th July 2015

 Uganda’s Ministry of Energy and Mineral Development has awarded United Kingdom’s Ramboll a contract to conduct an early-phase study for the “Hoima–Kampala Refined Petroleum Products Pipeline” in Uganda, East Africa.   The project concerns a proposed pipeline to be constructed to transport products of crude oil refinement from Uganda Oil Refinery in Hoima to a distribution terminal to be constructed in.... Read more »

Posted on : Monday , 20th July 2015

Private investors will for the first time get an opportunity to invest in the lucrative petroleum storage business in a new model that seeks to free cash flows for the Kenya Pipeline Company (KPC). The company’s chairman, John Ngumi, announced yesterday that KPC would not be investing in additional storage tanks in an expanded network within counties, but would instead invite private players to set up the storage.... Read more »

Posted on : Monday , 20th July 2015

Marracuene — Mozambique's National Hydrocarbon Company (ENH) on Wednesday connected its natural gas pipeline to its first client in Marracuene district, north of Maputo.   The client is the factory Favos de Mocambique, which makes egg cartons. From this factory, the distribution of gas will be extended to shops, hospitals, hotels and restaurants in Marracuene.   The Wednesday ceremony marked the conclusion of the Maputo and.... Read more »

Posted on : Saturday , 18th July 2015

Kenya Pipeline Company has secured a $350million (Sh35.6 billion) loan to finance the construction of a new 450-kilometre oil pipeline from Mombasa to Nairobi.   The state owned oil distributor will upgrade to a 20 inch ultra-modern multi-product oil pipeline to replace the more than 30 year old - 14 inch pipeline currently in use.   Speaking during the loan signing with a consortium of six banks, KPC acting managing director Flora.... Read more »

Posted on : Saturday , 18th July 2015

The dream of seeing the first drop of oil may be still far away. But like a father excited about their first born recording every little detail of the child, Uganda has moved to archive and document its oil and gas progress.   The country recently revamped its oil and gas section in the Uganda Museum.   The section, which was made possible with funding from the three major oil companies, Total E&P, Tullow and CNOOC, is to serve.... Read more »

Posted on : Saturday , 18th July 2015

The oil major, which has no facilities to liquefy natural gas, will send at least 3.5 million tons of LNG to the Egyptian Natural Gas Holding Company. 24 cargoes will be supplied over a two-year period. Russian oil major Rosneft plans to source and export liquefied natural gas (LNG) to Egypt. The company, which has no facilities to liquefy natural gas, will send at least 3.5 million tons of LNG to the Egyptian Natural Gas Holding Company.... Read more »

Posted on : Friday , 17th July 2015