Thousands of oil industry jobs at stake as companies reduce costs

[twitter-follow screen_name=’oilnewskenya’] Keeping a job in the upstream sector of the global oil and gas industry is seemingly becoming harder by the day as companies streamline operations to reduce costs … Read More

Tullow Oil cuts exploration capital expenditure by 80% in 2015 following oil price drop

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil has said it will be shrinking its 2015 exploration expenditure capital to just $200 million from $1 billion in 2014 as it takes steps to strengthen … Read More

Drilling of Kifaru-1 well in Mozambique begins

[twitter-follow screen_name=’oilnewskenya’] Wentworth Resources has announced the beginning of drilling operations on the Kifaru-1 exploration well by the Helmerich & Payne rig #243 in the Rovuma Onshore Concession in northern … Read More

ION Geophysical to acquire 2D seismic in offshore Puntland

[twitter-follow screen_name=’oilnewskenya’] ION Geophysical has announced that it has signed the first of a kind offshore multi-client 2D seismic survey  agreement with the Puntland Petroleum and Minerals Agency. According to … Read More

Maximum Retail Pump Prices in Kenya 15th January to 14th February 2015

Source: Energy Regulatory Commission HIGHLIGHTS Average landing cost of imported Super Petrol decreased by 17.34 from $841.22 (Nov 2014) to $695.38 per ton in December 2014 Average landing cost of … 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

Africa Oil & Gas Legal Summit 2015 set for South Africa in February

The Africa Oil & Gas Legal Summit 2015 along will be held in the last week of February in Johannesburg, South Africa in an inaugural event that will convene Energy … Read More

CAMAC Energy terminates contract for drillship Energy Searcher

CAMAC Energy has announced it has terminated its contract with Northern Offshore International Drilling Company Ltd. for the drillship Energy Searcher. CAMAC says it notified Northern on January 7, 2015 that … Read More