Market News
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Well Results at Etame Field - Offshore Gabon
Posted on :Saturday , 20th December 2014
VAALCO Energy, Inc. (NYSE: EGY) today announced the completion of the Etame 8-H, the first development well drilled from the newly installed Etame platform, offshore Gabon. The Etame 8-H was drilled to a Measured Depth (MD) of 3196 meters and penetrated the Gamba Sand reservoir interval at 1820 meters True Vertical Depth (TVD), contacting 135 meters MD of high quality reservoir with. . .
Uganda s quest for more oil reaches Karamoja
Posted on :Saturday , 20th December 2014
Uganda’s discovered oil reserves are estimated at 6.5 billion shillings and it is believed that if the oil is well utilized, the money from the resource could lift the country from a developing nation to middle-income status. However the country’s quest for more oil continues and now the country is considering exploration in Karamoja.
The Minister of State for Minera. . .Tullow Oil Hands Over Kshs.18 million Water Project in Turkana, Kenya
Posted on :Friday , 19th December 2014
Tullow Kenya has today handed over an Kshs.18 million water project to the residents of Kataboi in Turkana North consisting of a borehole, solar powered submersible pump and a 20,000 litre storage tank.
The project is expected to benefit over 5,000 residents as well as provide water to nearby public institutions including the Kataboi health centre as well as K. . .9 marginal fields account for 12. 43 million barrels in 8 months
Posted on :Friday , 19th December 2014
The Nigerian National Petroleum Corporation’s (NNPC) monthly petroleum information reveals that the nine marginal fields produced 12. 43 million barrels of crude oil in the first eight months of 2014 which is about 2 percent of Nigeria’s total industry output.
The Petroleum Act defines a Marginal Field as “such fields as the President may fro. . .Trans-Saharan gas pipeline to assist Europe diversify supply from Nigeria
Posted on :Friday , 19th December 2014
KPMG has said in its Infrastructure 100 World Markets Report released recently that the $20 billion Trans-Saharan Natural Gas project would help Europe diversify supply by transporting natural gas from Nigeria, through Niger to Algeria and then northwards to Spain and Europe, The Guardian reports.
The firm notes that if built, the Trans-Saharan Natural Gas pro. . .Please Select an Option
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