Market News
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Nigeria: Shell\'s Gas Facility to Generate Electricity
Posted on :Friday , 24th October 2014
The managing director of Shell Petroleum Development Company (SPDC) and country chair of Shell Companies in Nigeria, Mutiu Sunmonu, has said that the Otumara Associated Gas Solution Project will generate six megawatts daily."Today, we are all witnesses to the completion of the fabrication and integration of Otumara AGS Cen. . .KBR Daewoo Consortium Wins FLNG FEED Contract/Competes for EPCIC
Posted on :Friday , 24th October 2014
KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering Company, Ltd, has been awarded a front end engineering design (FEED) contract by Eni East Africa SpA for a floating liquefied natural gas (FLNG) facility for the Coral South Development Project located in Mozambique.With the award, the KD co. . .Somalia aims to get oil flowing by 2020
Posted on :Tuesday , 21st October 2014
Somalia aims to produce oil within six years, Petroleum Minister Daud Mohamed Omar said on Monday, as he announced plans to reassert control over a sector which has foundered since the outbreak of civil war in 1991.
Hopes that the impoverished East African nation could emulate neighbouring Kenya by discovering and bringing to market offshore resources have been kept. . .Construction of a new oil terminal in Kenya to cost US$ 120m
Posted on :Monday , 20th October 2014
Niras, an engineering firm based in Denmark has been awarded a contract by the Kenya Ports Authority for the design of a new oil terminal that will replace the existing Kipevu Oil Terminal (KOT). Once the design stage of the project is over, another firm will undertake construction of the terminal at a cost of US$ 120m.Niras is expected to design the new termin. . .Kenya oil deposits to hit 1billion barrels
Posted on :Monday , 20th October 2014
Kenya’s recoverable oil reserves in the country’s tertiary rift basin is likely to exceed one billion barrels, the ministry of energy and petroleum said on Friday.
Cabinet Secretary for Energy and Petroleum David Chirchir said the four recently discovered oil wells that were drilled by Tullow Kenya in the Lokichar sub-basin have raised the country&. . .Please Select an Option
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