Market News
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Total Kenya parent firm's profits surge as oil prices rise
Posted on :Friday , 11th August 2017
French oil company Total said Thursday underlying profits gushed higher in the second quarter thanks to a recovery in the price of oil, with the company also benefitting from increased output.
The firm's measure of adjusted profits that excludes exceptional items climbed 14 per cent from the same period last year to $2.5 billion (about Sh260 billion).<. . .East Africa: Kenya Bans Onland LGP Imports from Tanzania
Posted on :Saturday , 29th April 2017
Most of liquefied petroleum gas (LPG) consumers in the country are likely to be purchasing half-filled cylinders due to illegal gas refilling by dishonest traders.
The government regulatory authorities and some dealers have confirmed to the Daily News that the problem was rampant in some areas in the country and that they are doing everything in their capacity to re. . .Nigeria reclaims position as Africa’s top oil producer
Posted on :Saturday , 22nd April 2017
Nigeria may have reclaimed its position as Africa’s top oil producer beating Angola. Angola had led the African oil producing countries with its 1.7 million barrels of crude oil a day, well above Nigeria’s 1.5 million barrels per day, in September 2016, for seven straight months.
According to the December 2016 Monthly oil Market report (MOMR) of the OPEC, crude oil pr. . .Pipeline Issues Testing East Africa's Massive Oil Ambitions
Posted on :Monday , 27th March 2017
JOHANNESBURG: A decade after its first big oil find, East Africa’s emergence as a crude exporter has been hindered by security and cost concerns that left the region building two pipelines instead of one.
Uganda and Kenya are developing two new basins and originally agreed to build one line to connect the landlocked discoveries to the coast. That changed last year, when Uganda c. . .Kenya: All Oil & Gas Contracts Signed By Government Should be Made Public - Civil Society
Posted on :Thursday , 23rd March 2017
Nairobi — The Kenya Civil Society Platform on Oil and Gas wants all the oil contracts signed between government and oil exploration companies made public since the discovery of oil in Kenya.
Led by Charles Wanguhu, the platform says at least 44 contracts have been signed for drilling in different oil blocks in Turkana but only 10 have been made public.. . .Please Select an Option
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