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Uganda Oil & Gas SMEs to Benefit from $100 Million Funding

The Skills Development Facility (SDF), which is part of the US$100 million Uganda Skills Development Project (USDP), provides for an opportunity for Small and Medium Enterprises (SMEs) interested and/or engaged … Read More

Oil and Gas to employ 160,000 Ugandans during peak construction phase

The oil and gas industry will indirectly employ up to 160,000 Ugandans during the development phase peak including 13000 direct jobs according to the petroleum directorate. Speaking during the Stanbic Uganda … Read More

Report Evaluates Challenges in Kenya’s Nascent Upstream Sector

A recently released strategic environmental and social assessment initial report for the petroleum sector in Kenya shows a multitude of issues the country needs to solve to ensure a smooth … Read More

Kenya Seeks Experts to Review the South Lokichar Field Development Plan

Kenya’s Ministry of Energy and Petroleum through the World Bank funded Kenya Petroleum Technical assistance project has requested for the submissions of expressions of interest to review and ascertain the … Read More

World Bank Raises 2016 Oil Price Forecast

The World Bank is raising its 2016 forecast for crude oil prices to $43 per barrel from $41 per barrel due to supply outages and robust demand in the second … Read More

$5.4M Disbursed Through Kenya Petroleum Technical Assistance Project – Report

The Kenya Petroleum Technical Assistance Project has disbursed $5.4M so far or 9.44% as of June 2016 according to the latest Implementation Status & Results Report by the World Bank … Read More

Delonex Energy Is Slowly Becoming A Major Player in East Africa

Delonex Energy has since its entry in East Africa through the Ethiopian acreage in September 2014 increased its presence in the region just recently having acquired equity in Kenya’s Block … Read More

Orca Exploration Closes $60 million financing for Tanzania’s Songo Songo development from IFC

Orca Exploration has announced that it has entered into a loan agreement with International Finance Corporation (IFC), a member of the World Bank Group, for a US$60 million investment in … Read More