Market News
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sterling energy receives license extension for madagascar’s ambilobe, ampasindava blocks
Posted on :Tuesday , 17th February 2015
The AIM listed oil & gas exploration company Sterling Energy Plc has announced it has received a Ministerial and Presidential approval was granted in October 2014 to extend the current phase of both the Ampasindava and Ambilobe PSCs to July 2016.These approvals have now been formally published in the Official Gazette of Madagascar, which is the final step i. . .
UGANDA TO AUCTION SIX MORE OIL BLOCKS
Posted on :Tuesday , 17th February 2015
Uganda’s cabinet has approved the auction of six new exploration blocks in the oil rich Albertine basin in what will see the country’s first competitive bidding round.
The new shift follows the passing of the Petroleum Exploration Development and Production Act 2013 Section 52 which allows the State Minister for Energy with the approval of Cabinet . . .Algeria to invest US$70b in fracking technology
Posted on :Thursday , 12th February 2015
Algeria’s state-owned oil exploration company Sonatrach is set to invest US$70 billion in gas extraction through fracking technology in the next two decades.
This decision was arrived at after successful drilling tests carried in the country’s southern desert.The project is aimed to help the country in producing 20 b. . .RWE Dea starts gas drilling operations in Algeria
Posted on :Thursday , 12th February 2015
German construction company RWE Dea has started drilling operations of gas wells in Algerian Sahara.
The gas project is scheduled to give birth to 26 development wells in its first phase. Gas is expected from these wells in 2017.The initial drilling of the first well KL-39 began in January, and the drilling of the other 21 wells. . .Kenya: Nairobi-Mombasa petroleum pipeline set for rehabilitation
Posted on :Thursday , 12th February 2015
The 450km Nairobi-Mombasa petroleum pipeline, which was built in 1976, is set for rehabilitation after an audit revealed immense shortcomings that are compromising safety and performance.
The aging pipeline has in the past, experienced raptures, hence compromising on reliability of movement of petroleum products from Mombasa to Nairobi.Please Select an Option
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