Africa's Oil, Gas and Energy News.
Source: Ministry of Energy and Petroleum 1950-1992: 30 wells drilled by international oil companies in Kenya’s sedimentary basins. Two more wells drilled in the period stretching to 2010. None of … Read More
The Nairobi Oil and Gas club yesterday held its first meeting bringing together close to 50 professionals and investors in the upstream sector in Kenya. According to the organizers the … Read More
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
The AIM listed oil & gas exploration company Sterling Energy Plc has announced it has received a Ministerial and Presidential approval was granted in October 2014 to extend the current … Read More
East African countries are unlikely to significantly benefit from falling global oil prices due to inadequate storage facilities, a new research paper released by Deloitte East Africa has indicated. “East … Read More
The world’s largest oilfield services company Schlumberger has announced it will be reducing its WesternGeco fleet as lower commodity prices lead to short-term cost cutting measures by exploration companies. According … Read More
[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
[twitter-follow screen_name=’oilnewskenya’] Insecurity continues to paralyze oil and exploration in Puntland with many companies holding back activities until a solution is sought. Just recently Horn Petroleum which holds licenses Puntland’s … Read More
Bowleven has announced that it has received a license extension to enable evaluation ahead of second phase decision. Following the license extension to May 2015 Bowleven says that the completion … Read More
Following the drop in global crude oil prices Tullow Oil says I will be reducing on exploration cost as well as focus on high margin oil and its major basin-opening … Read More
