India’s Minister of State for Petroleum and Natural Gas Dharmendra Pradhan met with Oldemiro Julio Marques Baloi, Mozambique’s Minister of Foreign Affairs in New Delhi.   The two sides discussed various areas of mutual cooperation in the energy sector. Pradhan said that both the countries have traditional links which have grown from strength to strength over the years. He added that Indian public sector companies have.... Read more »

Posted on : Monday , 1st December 2014

 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 more than 5 percent growth largely attributed to the drop in crude oil prices.   According to the report 2015 and 2016 price assumptions are down by $10/bbl and $5/bbl drop respectively  for the Brent price with assumptions for WTI crude down by $10/bbl for 2015, to.... Read more »

Posted on : Friday , 28th November 2014

 The high court in Nairobi has allowed Block 2B operator Taipan Resources to continue with drilling preparations after lawyers representing the Company’s wholly-owned Kenya-based subsidiary, Lion Petroleum Inc. sought a variation to the conservatory orders issued with respect to drilling activities.   The court which agreed to vary its conservatory orders to allow the Operator to continue preparations for drilling also.... Read more »

Posted on : Friday , 28th November 2014

 Talks between Cyprus and Egypt on the possibility of exporting gas from Cyprus to Egypt are accelerating. Egypt, once an exporter of the resources, has had to divert production to meet domestic demands and is now exploring options to help meet its ever growing demand. While Cyprus has gas, discovered in late-2011, it does not have the infrastructure in place that Egypt does. “Egypt has a very huge (natural gas) infrastructure and.... Read more »

Posted on : Friday , 28th November 2014

 hen Kenya struck oil in Turkana and Wajir counties a few years ago, majority of Kenyans were excited at the prospect of petrol dollars. Finally, the hitherto dry and poverty-stricken counties were on the cusp of a breakthrough and in the process, Kenya would join the league of oil-rich countries. Oil, as a source of energy, is one of the most sought-after resources in the world. However, emerging reports indicate Kenya could get a raw deal.... Read more »

Posted on : Thursday , 27th November 2014

    Japan's Toyota Tsusho has won a contract to design an oil export pipeline from Uganda to Kenya's coast, a Kenyan official said on Wednesday, as the countries seek to start crude production.   Oil discoveries in Uganda and Kenya and gas deposits found off Tanzania and Mozambique have turned east Africa into a frontier for hydrocarbon exploration.   Landlocked Uganda is planning to start crude production in 2018,.... Read more »

Posted on : Thursday , 27th November 2014

    Board members of Australian explorer Swala Energy have said the company will be seeking alternative funding to finance its drilling obligations ahead of its planned campaign in 2015 after a Share Purchase Plan which closed 17th November 2014.   The Share Purchase Plan was withdrawn after Swala’s board observed that it was not in the best interest of shareholders given the current equity market conditions and.... Read more »

Posted on : Thursday , 27th November 2014

    Russia’s second-largest oil company, privately controlled Lukoil, said on Friday it planned to invest in Nigeria with U.S. oil major Chevron Corporation , part of its push to seek opportunities away from Russia’s state-dominated oil sector.   “We have decided to enter a joint block with Chevron in a project in Nigeria, which we consider to be promising,” Chief Executive Vagit Alekperov told.... Read more »

Posted on : Wednesday , 26th November 2014

 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 the various needs identified in the region.   In special focus will be the provision of guaranteed services that meet data demands recognized by companies already carrying activities surrounding exploration and seismic acquisition.   Under the Callkey.... Read more »

Posted on : Wednesday , 26th November 2014

CAMAC energy, a US based oil and gas exploration firm, has cancelled a planned seismic survey in Arabuko-Sokoke forest in Kilifi county.   The exercise which was to begin this month had met with protests from environmentalists who said that the survey might leave an irreparable damage to the forest.   Arabuko-Sokoke is the largest remaining fragment of the East African coastal forests, holding the last populations of some.... Read more »

Posted on : Tuesday , 25th November 2014

 Ghana's government has given Italian energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points (OCTP) block, expected to begin production in 2017, it said on Monday.   The government, hoping to boost oil and gas production, said in a statement that it also planned to acquire a third floating production storage and offloading (FPSO) vessel, to be used for the $6 billion offshore project which.... Read more »

Posted on : Tuesday , 25th November 2014

    Oil and gas solutions services provider Atlas Development and Support Solutions has said it expects a dual listing on the Growth Enterprise Market Segment (‘GEMS’) of the Nairobi bourse by December 15th as it continues with the last stages of discussions with   According to the chief executive officer of the London Company Carl Esprey Atlas will allow Kenyans to take hold of some 40 million shares valued at $4.... Read more »

Posted on : Monday , 24th November 2014