Market News

  • BP s operates the world s first robotic coreflooding system

    Posted on :Monday , 8th December 2014

     BP recently announced that it is now operating the world’s first robotic coreflooding system the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities.

     
    Coreflooding which is one of the most important techniques used to identify and evaluate EOR technologies measures the effectiveness of water or gas injected into. . .

  • ENI plans to diversify natural gas exploration in Mozambique

    Posted on :Saturday , 6th December 2014

    The ENI group wants to use different methods for natural gas exploration in the Rovuma basin in northern Mozambique and production is expected to start in 2019, the Managing Director of the company for the region said Wednesday in Maputo.

     

    Fabrizio Trilli said the success of the Italian group’s project should not be limited to extraction and export of liquefied natur. . .

  • University of Zambia to spend US$750m in building solar energy laboratories

    Posted on :Saturday , 6th December 2014

     In a bid that will help meet growing demand for electricity in the countries at the south of Africa, the University of Zambia is planning to venture in constructing solar energy laboratories. Prem Jain, head of energy, environment and research at the university (Energy, Environment and Research Group), has said that the project will also avail an opportunity for students to qualify to wor. . .

  • Feasibility study for Kenya-Uganda oil pipeline to take 5 months

    Posted on :Wednesday , 3rd December 2014

     The Principal Secretary to the Energy and Petroleum Ministry Joseph Njoroge has said that feasibility study for the Kenya – Uganda oil pipeline will be expected by mid-April next year. The contract will be undertaken by Toyota Tsusho, a Japanese carmaker, which won the tender last month.

     
    The pipeline will run from Lamu-Kenya to Hoima-Uganda, passing thro. . .

  • Schlumberger reduces seismic fleet as deepwater exploration spending falls

    Posted on :Wednesday , 3rd December 2014

     The world’s largest oilfield services company Schlumberger has announced it will be reducing its WesternGeco fleet as lower commodity prices lead to short-term cost cutting measures by exploration companies.

     
    According to the company’s President of operations and integration Patrick Schorn Schlumberger will be restructuring WesternGeco marine seismi. . .

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