Market News

  • South Sudanese Oil Firm Introduces $10m Investments in Kenya

    Posted on :Friday , 23rd October 2020

    South Sudanese oil marketing giant Trinity Energy Ltd is set to inject $10 million worth of new investments in its Kenyan operations and also plans to build a $500 million crude oil refinery in South Sudan to aid the region with refined petroleum products.

    The firm, which controls close to 40% of the South Sudanese oil market, is studying 40,000 barrels per day (bpd) modular refinery at . . .

  • Africa Is No Doubt Final Frontier For Oil

    Posted on :Monday , 28th September 2020

    The pandemic has been very devastating for the oil industry globally. Explorers suspended drilling, producers, idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it.  

    Exploration is not over. It is especially not dead in Africa—a hot spot in oil and gas . . .

  • Kenyans to Wait More for Oil Billions Until 2025

    Posted on :Friday , 11th September 2020

    Kenyans will have to wait until after 2025 for petrodollars from Turkana oil fields to start trickling in after the government lengthened the exploration timeline for Tullow.

    The British oil explorer said it had allowed another 15 months for exploration phase of the Turkana oil project, essentially pushing ahead production timelines and extending the long-awaited final investment decisio. . .

  • Webinar Organized on Ongoing Project in Kenya by Visionri

    Posted on :Thursday , 20th August 2020

    VisionRI, a global development consulting firm, recently organized a webinar for an ongoing project named 'Consultancy Services to Review and Update Oil and Gas Standards in Kenya'. The workshop was organized through the Webinar module of VisionRI's web-based project monitoring and evaluation tool Idea M&E.
     

    In about two hours of the 'Webinar-Validation Workshop-II', Team Lea. . .

  • Kenya to Explore Bidders for 185,000 bl Crude Cargo

    Posted on :Friday , 14th August 2020

    The Kenyan government plans to initiate taking bids for the second and final cargo from the country's pilot crude export scheme in September.

    The scheme which involved trucking oil from fields in the South Lokichar basin by road to the Indian Ocean port of Mombasa ended at the start of June, two years after it incorporated. Kenya exported its first ever crude cargo, a 240,000 bl shipment. . .

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