Tullow Oil Hands Over Kshs.18 million Water Project in Turkana, Kenya

Tullow Oil Hands Over Kshs.18 million Water Project in Turkana, Kenya

Tullow Kenya has today handed over an Kshs.18 million water project to the residents of Kataboi in Turkana North consisting of a borehole, solar powered submersible pump and a 20,000 litre storage tank. The project is expected to benefit over 5,000 residents as well as provide water to nearby public institutions including the Kataboi health … Continue reading

Simba Energy expects to sign Block 2A 2D seismic contract in Q1 2015

Simba Energy expects to sign Block 2A 2D seismic contract in Q1 2015

Simba Energy has said it expects to sign a contract and commence the initial 2D seismic program in the first quarter of 2015 with its technical team having finalized a program to acquire up to 400 kms of 2D seismic designed to target drilling locations on prospects and leads in two basins, and also yield … Continue reading

Swala Energy drops its arbitral claim in respect of Block 12B, Kenya

Swala Energy drops its arbitral claim in respect of Block 12B, Kenya

Swala Energy has said it has dropped its arbitration proceedings against CEPSA in respect to Block 12B pursuant to its announcement of the 10th November 2014. According to Swala the company, block operator Tullow Oil Kenya B.V and CEPSA Kenya Limited, an affiliate of Compañía Española de Petróleos, S.A.U., have agreed on an equity distribution … Continue reading

Security companies reap from LNG exploration in Tanzania

Security companies reap from LNG exploration in Tanzania

BG Group has contracted pan-African security provider Warrior Security Company to secure its sites in Tanzania, in a partnership that has seen the 3500-strong security company extend its recruitment drive and training programme and bring innovative terms and conditions to Tanzanian security staff. To ensure top rate security at the sites, Warrior says it has … Continue reading

Horizons 2015: What to look for in the year ahead

Horizons 2015: What to look for in the year ahead

Source: Wood Mackenzie Macroeconomics: Asia’s consumers are key “The rate at which China’s economy rebalances away from investment and towards consumption will determine long-term trends in energy demand,” Cynthia Lim, Senior Economist. China’s economy is evolving and the nature of its energy demand growth is changing. A more rapid than expected shift to consumption led-growth could slow … Continue reading

Tanzanian Government gives go ahead to Aminex for sale of Kiliwani North Development Licence

Tanzanian Government gives go ahead to Aminex for sale of Kiliwani North Development Licence

Aminex has notified shareholders that it has received confirmation from the Tanzanian Ministry of Energy and Minerals that the Minister has no objection to the proposed transfer of assignment for the sale to Solo of up to 13% of in the Kiliwani North Development Licence (‘KNDL’) in Tanzania for a total consideration of $7 million. … Continue reading

Atlas Development & Support Services lists on the Nairobi Securities Exchange

Atlas Development & Support Services lists on the Nairobi Securities Exchange

Nairobi-headquartered support services and logistics company Atlas Development & Support Services (ADSS or Atlas cross listed on the Growth Enterprise Market Segment (‘GEMS’) of the Nairobi Securities Exchange, having successfully raised KES 450 million (US$5 million) through a private placement to Kenyan investors. According to Atlas CEO Carl Esprey the listing hopes to tap from … Continue reading

Sudan to drill 253 wells in 2015 to boost ailing economy

Sudan to drill 253 wells in 2015 to boost ailing economy

Sudan’s Minister for Oil Makawi Mohamed Awad has said his ministry plans to drill 253 wells next year as the country boosts its oil and gas reserves and seeks to attract foreign investments. Makawi who was speaking before Parliament on Tuesday said the wells would increase the country’s oil reserves by 65.4 million barrels and … Continue reading