Market News

  • India Plans to Step up Oil, Gas Investment in Africa

    Posted on :Tuesday , 23rd December 2014

    NEW DELHI -- India's state-run businesses are seeking to acquire stakes in oil and gas blocks in Africa, form joint ventures in the continent and supply organic gas to meet increasing fuel demand at property, Indian Oil Minister S. Jaipal Reddy mentioned...<. . .

  • New Egyptian Discovery for Kuwait Energy

    Posted on :Monday , 22nd December 2014

     Kuwait Energy Co. (KEC) saw a discovery on the East Ras Qattara development lease in Egypt’s Western Desert. The discovery was made with the drilling of the Shahd-4 well in the Wadi El Natrun formation (Jurassic).

    KEC holds a 49.5% revenue interest in the East Ras Qattara development lease, while the remaining 50.5% is held by Chile’s state-run ENAP’s internati. . .

  • Oil & gas landmarks-Key milestones were reached

    Posted on :Monday , 22nd December 2014

     Dogged by a myriad of obstacles since commercially viable quantities of oil and gas were first announced in 2006, the oil and gas sector registered several milestones this year than it possibly did in the first six years of discovery. Just a month into 2014, the government agreed with the three oil companies, Tullow Oil Uganda, Total E&P and the Chinese National Offshore Oil Corporati. . .

  • Tower Resources resolves dispute with Repsol in Namibia

    Posted on :Monday , 22nd December 2014

     Tower Resources has announced that it has reached agreement with the Operator, Repsol Exploration (Namibia) (Pty) Limited relating to the disputed costs associated with the drilling of the Welwitschia prospect, offshore Namibia.

     
    As announced on 3rd September 2014, the Operator’s estimate of well and other related costs for the drilling of the Welwitschia. . .

  • DFID and Turkana County government agree on landmark development project

    Posted on :Sunday , 21st December 2014

    DFID-Kenya committed to Turkana County Government to support engagement of communities, with oil companies and NGOs, for local development of areas

    The UK's Department for International Development (DFID-Kenya) committed to Turkana County Government to support engagement of communities, with oil companies and NGOs, for local development of areas affected by oil explorations.

    S. . .

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