By Mbatau wa Ngai The expected refining of Kenya’s crude oil at Kenya Oil Refineries is a game changer for several reasons. First, the fact that Yoweri Museveni Government has until now been unable to persuade the UK-based oil and gas exploration company, Tullow Oil, to build a refinery in Uganda might leave the country
Reports indicate Kenya Earned Over 500 Million in Revenues from Oil Exploration in 2015
Documents from the office of Kenya Auditor-General show that the country has earned Sh503.2 million from oil exploration works by foreign firms local media reported. According to Business Daily Africa, a total of Sh503,260,733 was collected last year as revenue from exploration. Petroleum Cabinet Secretary Andrew Kamau said “The cash (Sh503 million) came from surface
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Tullow Oil in Jubilation as First Oil flows from Ghana’s Tweneboa, Enyenra, Ntomme (TEN) Offshore Fields
First oil has flowed from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana to the production ship, FPSO Prof. John Evans Atta Mills, UK-based Tullow Oil announced August 18. Tullow as operator said that first oil was achieved “on time and on budget” three years after the plan of development was approved by Ghana’s government in May 2013.
Here is How Tanzania is Planning National Participation in Oil and gas Industry
History has taught humanity that a country can have enormous natural resources, but fare badly economically. Sometimes a country endowed with natural resources can miss out completely on all or part of the resources. Then natural resources become a curse! In the heat of discoveries, sometimes manufacturing and agriculture sectors are forgotten. This happens especially
Ghana Plans to Commence production from Three Offshore Fields This week
The director of an oil project in Ghana says that three offshore fields are expected to produce their first oil this week. Terry Hughes, director of the Tweneboa, Enyema and Ntomme fields known as TEN, said the fields off the country’s western coast have an estimated reserve of 300 million barrels over 20 years. He
Kenya Government Approves Production of 4,000 Barrels Per day, To be Transported by Road
Kenya’s government says it has approved a plan to produce between 2,000 and 4,000 barrels a day of crude oil in an effort to exploit the country’s oil production potential. A statement from the president’s communications department said that infrastructure will be upgraded to allow trucks to ferry the oil to the country’s main port
OPEC Meeting in Algeria Will discuss ways on how to stabilize the Oil Market—Saudi Arabia
Saudi Arabia will work with OPEC and non-OPEC members to help stabilize oil markets, it said on Thursday a month ahead of an informal meeting of major producing countries in Algeria. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum (IEF), which groups producers and
Tanzania Energy Minister Says gas Industry will be an “economic revolution” for the Country
Tanzania and its oil industry partners are to invest $30bn in a gas processing plant that will lead to an “economic revolution”, according to the country’s energy minister. Sospeter Muhongo, speaking to the Dar es Salaam Daily News, said the government had already embarked on the preliminary work and that Tanzanians should expect rapid growth