Kenya Oil and Gas (upstream) sector fact file – shortened

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

Nairobi Oil and Gas Club holds inaugural meeting

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 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

Sterling Energy receives license extension for Madagascar’s Ambilobe, Ampasindava Blocks

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

Schlumberger reduces seismic fleet as deepwater exploration spending falls

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

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

Insecurity, Political issues continue to haunt exploration in Puntland, Somalia

[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

Tullow Oil cuts on offshore exploration to focus on East Africa acreage as crude oil price drop

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