Posted in Top News

The Way Forward: How Africa Can Make a Comeback from the Oil & Gas Downturn

Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia…

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Job Losses Loom in Kenya, Uganda and Ghana as Tullow Oil Plans Staff Cuts

Tullow Oil is planning to reduce its staff head count in Kenya, Uganda and Ghana as the company plans to…

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Outlook for Africa’s oil & gas industry improves – PwC report

The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external…

Posted in Top News Uncategorized

2018 Our oil and gas predictions – Ashurst

Oil price stability With the oil price pushing through to the US$70 mark, and further confidence that the price will…

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Global exploration: 5 things to look for in 2018 – Wood Mackenzie

Economic outlook brighter; fierce competition for quality plays 2018’s mantra will be to keep the focus on simpler wells. With…

Posted in Uncategorized

Diversification, consolidation and ongoing efficiency measures will be hallmarks of oil and gas sector in 2017

New research by DNV GL, the technical advisor to the oil and gas industry, shows oil and gas companies seeking…

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World Bank Raises 2016 Oil Price Forecast

The World Bank is raising its 2016 forecast for crude oil prices to $43 per barrel from $41 per barrel…

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Richmond Energy Partners publishes 2016 State of Exploration Report

Richmond Energy Partners (REP) has published its seventh annual ‘State of Exploration’ report, which benchmarks the performance of international conventional…

Posted in Oil Politics Top News

Kenya’s Annual Receipts Could Reach $3 Billion Annually Once Oil Price Rebounds

A discussion paper dubbed “Potential Government Revenues from Turkana Oil” released in April 2016 estimate that annual receipts to the…

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Jacka Resources Considers Relinquishment of Tanzania Ruhuhu Block

ASX listed Jacka Resources has said its management is exploring all options including relinquishment as farm-out campaign initiated in September…