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 Government of Kenya could range from $800 million to as … Read More

Need To Cut Upstream costs,Have Reasonable Local Content Requirements in Sub-Sahara Africa – – Wood Mackenzie

As only one third of the continent’s pre-sanction projects are economical at less than US$50 per barrel ($/bbl), Wood Mackenzie says greater collaboration with the service sector, increased focus on … Read More

Loss Making Atlas Development focuses more on Ethiopia and Tanzania as activity in Kenya reduces

Nairobi securities exchange listed company Atlas Development has said it is now eyeing the Ethiopian and Tanzanian markets as oil exploration in Kenya and the Turkana region witnesses a significant … Read More

African oil & gas organisations plan for an upturn in the oil price: PwC survey

Overall, activity in the oil & gas industry across the African continent has slowed in the wake of the declining oil price in late 2014. “While the oil price has … Read More

Oil & Gas explorers need to rethink their capex on exploration activity in Africa – PWC

Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to … Read More

Oil, Gas and Chemical Industry advised to adopt cost culture to survive current environment

  With the recent fall-off in oil prices, companies in virtually all sectors of the oil, gas and chemicals (OGC) industry worldwide are going to have to plan and manage … Read More

Afren reviews its capital structure to solve liquidity and funding requirements

[twitter-follow screen_name=’oilnewskenya’] In light of the significant dislocation in the industry and related financing markets resulting from the rapid decline in oil prices Afren says its board has been reviewing … Read More

Most developing countries will benefit from oil price slump – World Bank

Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in … Read More

Analyst predict flat growth outlook for oil and gas industry in 2015

[twitter-follow screen_name=’oilnewskenya’] 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 … Read More