N e w s

Namibia:Global Petroleum s subsidiary gets licence extension

 Global Petroleum’s wholly-owned subsidiary Jupiter Petroleum (Namibia) has received a 12-month extension on the initial exploration period of Petroleum Exploration Licence No. 29, which covers blocks 1910B and 2010A in Walvis Basin offshore Namibia According to the firm, the initial exploration period of the licence will now be valid until December 2015. Entering into the second period of the licence with Namibian Ministry of Mines.... Read more »

Posted on : Thursday , 4th September 2014

Ghana:Lukoil finds oil and gas offshore

 Emmanuel Armah-Kofi Buah, energy minister of Ghana, said, “Lukoil has come to report a discovery and under the petroleum agreement they have 90 days to do an appraisal to determine whether it is commercial.” Lukoil joined the project for exploration, appraisal, development and production of hydrocarbons on the CTPDW Block in July 2006. A new framework agreement on the project was signed in June 2009. The project participants.... Read more »

Posted on : Thursday , 4th September 2014

British Companies Explore More Kenya Oil

Nairobi — TOWER Resources, the British oil and gas exploration firm, expressed encouragement at progress made in its operation in Kenya.   The company is involved in a couple of wells in the East African country.   "(Tower is in) preparation for the drilling of the potentially play-opening Badada-1 well, Block 2B, Kenya, including the ordering of long-lead items.   "Encouraging result from Sala-1 well in the.... Read more »

Posted on : Thursday , 4th September 2014

Ghana:Delayed gas project to start production end-2014 President

  Ghana's delayed project to supply gas from its offshore Jubilee oil field will start production by the end of the year, President John Mahama said on Tuesday during a visit to the site.   "Some gas will start flowing soon but commissioning will be when the full volume of 120-million standard cubic feet of gas is being tramsitted to Aboadze and I suppose that will be sometime by the end of this year," Mahama told.... Read more »

Posted on : Wednesday , 3rd September 2014

Ghana: Singapore to Train Ghanaians in Oil Industry

 Accra — SINGAPORE will train local engineers and technicians following an arrangement secured by the Minister of Energy and Petroleum, Emmanuel Armah-Kofi Buah.   An initial group of 15 engineers and 40 technicians will undertake various training programmes in oil and gas to enable them return to Ghana with the expertise.   Buah said Singapore was making frantic efforts to tighten laws relating to Singapore companies.... Read more »

Posted on : Wednesday , 3rd September 2014

East Africa: EAC States Could Switch to Cleaner Fuels Effective January 2015

 Plans for five countries in East Africa to adopt cleaner fuel standards in 2015 are likely to help absorb excess low-sulphur oil products coming out of Middle East and Indian refineries, where new capacity is being added, industry sources said.   Rwanda, Kenya, Tanzania, Uganda and Burundi are due to switch to the cleaner fuels from January 2015, according to documents posted on the websites of the regional intergovernmental.... Read more »

Posted on : Wednesday , 3rd September 2014

ENOC Africa Set to Further Invest in East Africa's Oil Terminal, Storage Facilities

 In a bid to create reliable petroleum products market in the country, a subsidiary of Dubai government owned oil firm Emirates National Oil Company (ENOC Africa) operating in the country is expected to invest heavily in terminal and oil storage facilities.   The move is expected to immensely increase oil supply in the local market and the region at large.   ENOC Africa is a joint venture company between Petro (T) Limited, a.... Read more »

Posted on : Tuesday , 2nd September 2014

East African Oil & Gas Market -Investment Opportunities

 Upstream & Midstream Spending in Tanzania, Mozambique, Kenya, Uganda, Ethiopia, South Sudan & Somalia   East Africa is fast becoming one of the world's most interesting oil and gas hotspots. For many years the area was neglected by the world's oil and gas industry, and even in Africa it was overshadowed by the rapid development in West Africa and the established markets in North Africa. However, with the discovery of both oil.... Read more »

Posted on : Tuesday , 2nd September 2014

Tanzania: Local Communities in Gas Producing Areas to Get Three Percent

 ANNE ROBI AS the nation prepares to introduce a policy to guide the petroleum sub sector in the country, the government has said that three per cent of the revenues to be collected from the resource would be provided to the municipalities in which it would be explored to benefit local communities.   Principal Geologist in the Ministry of Energy and Natural Resources, Mr Adam Zuberi made the revelation in Dar es Salaam on Friday.... Read more »

Posted on : Tuesday , 2nd September 2014

Uganda Oil Levels Rise By 3 Billion Barrels

 Kampala — Uganda's oil and gas resource deposits have risen from 3.5 billion barrels to 6.5 billion barrels writes BAZ WAISWA.   The Commissioner for Petroleum Exploration and Production Department in the Ministry of Energy and Mineral Development, Ernest Rubondo, disclosed this last week.   However he clarified there has been a very small increase in the amount of recoverable oil from 1.2 billion barrels (of the 3.5.... Read more »

Posted on : Tuesday , 2nd September 2014

Kenya:Tax capital gains only after discovery, says oil, gas industry

 A Swedish investor wants to test Kisumu’s real estate appetite with Sh48-million villas. Fred Andersson, owner of Coromandele Investment Ltd is putting up 30 villas priced at Sh38.5million and Sh48.5million at Riat Hills, 3km from Kisumu International Airport.He said each unit would comprise four bedrooms all ensuite, walk-in in closet, expansive roof terrace with external Jacuzzi, two-room servant quarter and free flowing open plan.... Read more »

Posted on : Monday , 1st September 2014

Oil explorer Afren seeks clearance ahead of Wajir drilling

 London Stock Exchange-listed oil explorer Afren Plc has filed environmental disclosures ahead of drilling exploratory wells in Mandera and Wajir in the coming months. Afren’s drilling will be in Bur Wein area in El Wak, Mandera County and at Konton in Wajir County, both falling in Block-1 of the Mandera Basin.The company whose top officials were last week suspended over making illegal payments is looking to drill in the area at a.... Read more »

Posted on : Monday , 1st September 2014



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Advertisers in previous issue:

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