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African Midstream Operators Withdraw Investment Plans Amid COVID-19 Turmoil

The COVID-19 pandemic and weak global economic outlook, coupled with fragile energy demand has resulted in a decline in oil and gas prices. The all-pervasive nature of these circumstances has also … Read More

Kosmos Energy Completes Farm Down of Exploration Assets to Shell

Kosmos Energy has announced that it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell, to farm down interests in … Read More

UK pledges $30 million to support growth and development of East Africa’s oil and gas sector

British High Commissioner, Nic Hailey has said the UK will have commit $30m towards the development of local content, technical advice towards developing legislation and regulation, research, and engagement with … Read More

Mozambique President Sacks Energy Minister

Mozambique president Filipe Nyusi has sacked Energy Minister Pedro Couto who has headed the docket since January 2015 at a crucial time when the country is preparing to enter the … Read More

CEOs of World’s largest Oil and gas companies jointly declare action on climate change

The chief executive officers of 10 of the world’s largest oil and gas companies – which together provide almost a fifth of all oil and gas production and supply nearly … Read More

Shell set to make a major comeback in East Africa with acquisition of BG Group

The announced offer of  acquisition of the BG Group by Royal Dutch Shell in a deal expected to be in excess of $70 billion could several blocks offshore East Africa … Read More

Security companies reap from LNG exploration in Tanzania

[twitter-follow screen_name=’oilnewskenya’] BG Group has contracted pan-African security provider Warrior Security Company to secure its sites in Tanzania, in a partnership that has seen the 3500-strong security company extend its … Read More

Shell, CNOOC Sign Global Strategic Alliance Agreement

Shell and China National Offshore Oil Corporation (CNOOC) have announced the signing of a Global Strategic Alliance Agreement that reconfirms both parties’ commitment to the existing strategic partnership in China … Read More

East Africa LNG projects likely to face delays

LNG production in Tanzania and Mozambique along the East African coast is likely to face delays despite huge finds due to high cost of production, difficulty in access to financing … Read More

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