Market News

  • Kenya Plans to Switch Oil Plants to Lng as Part 0f a Climate-Friendly Grid Initiative

    Posted on :Wednesday , 10th November 2021

    Kenya wants to remove or convert heavy fuel oil-fired power facilities to liquefied natural gas by 2030 as part of its transition to a climate-friendly electricity infrastructure.

    According to Isaac Kiva, renewable energy secretary at the Energy Ministry, the state-owned Kenya Electricity Generating Co., or KenGen, is conducting a feasibility assessment on reconfiguring the thermal power. . .

  • Tullow Oil Announces a New Plan for the Kenya Project and Reports a Profit in the Interim

    Posted on :Friday , 22nd October 2021

    Tullow Oil returned with a first-half profit and a development plan for its Kenya operation on Wednesday, pushing shares in the Africa-focused company up as much as 9%.

    Tullow and its joint venture partners have finished the redesign of the Kenya development project, according to the business, which also stated that the project's total gross capex is estimated to be around $3.4 billion, . . .

  • Africa Oil Updates Project Oil Kenya with a Higher Plateau Production Rate and an Independent Resource Evaluation

    Posted on :Thursday , 16th September 2021

    Africa Oil and its JV partners (Tullow Oil and Total Energies) have completed the redesign of Project Oil Kenya over the last year to guarantee that it is technically, financially, and environmentally sound. With a projected gross oil recovery of 585 million barrels of oil ("MMbbl") during the life of the field1, a higher oil production plateau of 120,000 barrels per day is now planned. This re. . .

  • East Africa's Energy Future Shines Bright - Investors Are Keeping a Close Watch

    Posted on :Monday , 6th September 2021

    The eyes of international oil and gas investors are becoming increasingly fixed on Africa as an area of development, and on the East Africa region in particular – with good reason.

    “It’s no secret that the East African oil and gas sector has recently benefited from substantial FDI,” says Paul Sinclair, Vice Presi. . .

  • Tanzanian Oil And Gas Experts Will Benefit From DMI's Expertise

    Posted on :Thursday , 19th August 2021

    More relevant courses have been added to the Dar es Salaam Maritime Institute (DMI) with the goal of nurturing oil and gas experts to take advantage of the country's significant gas finds in the country's southern areas.

    This was said by DMI tutorial assistant Captain Haruna Ally, according to the Daily News. The idea, according to Ally, is to train local specialists to extract gas rathe. . .

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