Oil pipelines planned in Kenya and Uganda to ferry crude from fields to port present opportunities for private financiers keen to gain a foothold in East Africa’s energy industry, the African Development Bank says. “Nobody has ever, ever lost money financing pipelines,” Gabriel Negatu, the Abidjan-based lender’s regional director for East Africa, told Bloomberg in
Tullow says there is ‘Loss of Gains’ if Uganda and Kenya don’t agree on Joint Pipeline
Tullow Oil Plc, a major operator in both Uganda and Kenya Oil sector says there are enormous opportunity costs if both nations fail to agree on a joint pipeline. The company is waiting settlement on the Oil pipeline route and decision on the market options before making operational Final Investment Decision in both East African
Tullow makes new Oil Discovery in Kenya’s Kerio Basin
Britain’s Tullow Oil said it had made an oil discovery in Kenya, which could mean opening up a second oil basin for development in the country south of finds already made. The Kenya and Uganda have both made oil finds that have yet to start commercial production, part of a string of energy discoveries along
Tanzania Concludes Integrity Tests for Leading gas well, Production to Start in April
UK based Solo oil plc and partner Aminex plc announced that all integrity tests on Tanzania’s Kiliwani North-1 gas well (KN-1) have been completed and the well awaits production. The company said the tests were completed successfully and gas pressures measured in the exceed those found on other producing wells in the area. “The well
Nigeria Plans to split National Oil Corporation into 30 Independent Companies as an Anti-Corruption measure
Nigerian National Petroleum Corp (NNPC) is to be split into 30 independent companies within weeks, the group’s head said on Thursday, in a restructuring designed to help tackle corruption at the state oil company. Mismanagement and graft at NNPC has hampered an industry that provides around 70 percent of national income in Africa’s biggest crude
Uganda Energy Ministry Must expedite Implementation of National Local content Policy—Expert Local
By Dickens Kamugisha…. I would like to congratulate Ugandans for having successfully elected a president and their parliamentary representatives. To the winners and losers, I say we embark on the task of building the Uganda we want. Among these tasks is holding government accountable for its actions or lack thereof. Before we went to the
South African giant Sasol gets approval to start Oil and gas field Development in Mozambique
South African giant Sasol announced it has obtained approval from the Mozambique government to commence development of Oil and gas fields, the company has indicated in a latest release. Mozambique according to the earlier findings by the Oil and gas journal in 2014, posted natural gas reserves o 100 Trillion cubic feet (Tcf), up from 4.5
Shell and Eni Paid $1.1bn ‘behind closed door’ to acquire Oil exploration rights in Nigeria, says Global Witness
Oil majors Shell and Eni paid US$1.1bn to an Illegal company and secured exploration and production rights for one of West Africa’s largest oil fields, situated off the coast of Nigeria, Global witness has said. The company called Malabu Oil and Gas, was by the time of payment in 2011 secretly owned by the former
Tullow Oil suspends gas exports from Ghana’s Jubilee field over technical fault
Tullow oil plc has suspended gas exports from its major African field of Ghana following a persistent technical fault. The Jubilee field in Ghana is one of Tullow’s leading offshore projects from which its major capital investments are based. The company said the technical fault has also lowered its output since July 3, 2015 but