Market News
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Kenya Pipeline Company completes repairs on pipeline leak along Mombasa-Nairobi road
Posted on :Thursday , 8th September 2016
Kenya Pipeline Company has completed repairs on the pipeline leak on the Mombasa-Nairobi line at kilometer 25 near Mazeras. A statement from the company said the leak occurred due to ageing of the line related to a corrosion defect. Kenya Pipeline has already commenced an environmental remediation exercise to conserve the immediate environment where the leakage took place.
KPC als. . .
Tullow set to resume oil exploration in Baringo
Posted on :Friday , 2nd September 2016
Tullow Oil has announced that it would return to Baringo County where its suspended operations after locals turned hostile.
It stopped prospecting for oil in March over what villagers claimed was exclusion by the British-owned exploration firm. Edward Mungatana, a senior manager at Tullow, told a public forum yesterday that his company was willing to go back t. . .National Oil and GDC sign agreement to jointly off er oil, gas drilling services
Posted on :Thursday , 25th August 2016
Geothermal Development Company and National Oil Corporation of Kenya will jointly offer oil and gas drilling services in Kenya and the region. The two state-owned firms have signed a deal to provide the services by leveraging on their individual and collective technical expertise. In the memorandum of understanding, GDC will give NOCK equipment and provide specialised drilling services.. . .Kenya to export oil earlier than planned by two years
Posted on :Thursday , 25th August 2016
The government has brought forward the country’s oil production deadline by two years, a move that could see Kenya become a net exporter earlier than 2022.
President Uhuru Kenyatta yesterday said the government has “set a path” that will make the country become a key producer and exporter by 2019.This includes . . .Oil & Gas Africa: Kenya Plans Oil Export By Mid Next Year
Posted on :Wednesday , 24th August 2016
Kenya could be exporting 4,000 barrels of oil daily by mid next year, after President Uhuru Kenyatta led the country’s cabinet in approving the oil commercialization plan by the Ministry of Energy, on Thursday last week.The initial plan targets 2,000 barrels daily as the biggest economy in East Africa seeks to break away from her dependence on agriculture. . .Please Select an Option
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