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
Tag: World Bank
$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
Africa Oil gets $50 million financing to advance the appraisal and development in Kenya
Africa Oil Corp has announced that it has entered into an equity subscription agreement with International Finance Corporation, a member of the World Bank Group, to sell, on a non-brokered … Read More
Uganda’s Licensing Round attracted right blend of oil companies – Energy Ministry
The Ugandan government has responded to claims that the last licensing round was unsuccessful by virtue of having attracted mainly small and medium exploration companies. According to Acting Principal Petroleum … Read More
Orca Exploration Receives $60 million financing for the Songo Songo development programme
Orca Exploration has announced that it is proceeding with the first phase of the Songo Songo development programme following World Bank board approval of the International Finance Corporation financing. Through … Read More
Sub-Sahara Africa’s growth to slow amid oil and other commodities price drop – World Bank
Sub-Saharan Africa’s growth will slow in 2015 to 4.0 percent from 4.5 percent in 2014, according to World Bank projections released today. This downturn largely reflects the fall in the … 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
Statoil seeks to be the most carbon-efficient oil and gas producer globally
Statoil CEO Helge Lund will today put forward the company’s climate commitments as he addresses the UN Secretary General’s Climate Summit in New York according to a statement in the … Read More