Market News
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East Africa to Focus On Gas, Oil Finds
Posted on :Tuesday , 29th December 2015
Major gas discoveries in Tanzania and prospects for oil find will be among topics for discussion during the fourth East African Oil and Gas Summit slated for February 10 to 12 in Nairobi.
Also on agenda is the recent discover of over 100 metres of net oil play in northern Kenya by Tullow Oil and its partner Africa Oil Corp. The oil find at Etom-2 well near Lake Turk. . .Zambia: Bio-Refinery Welcome Development
Posted on :Saturday , 26th December 2015
The construction of Zambia's first bio-refinery to cater for 20 per cent of the country's petroleum requirements has come at the right time when the country is in dire need of cheaper energy to propel its economy.
We have, therefore, every reason to appreciate the development because of the multiplier effect that is associated with the project.Norway and Kenya to Cooperate in Oil for Development Programme
Posted on :Wednesday , 23rd December 2015
Kenya has requested assistance from Norway in developing its petroleum sector. Through the programme Oil for Development, Norway will support Kenya in improving management of its natural resources and protection of the environment with the objective that oil and gas resources to benefit the country and its people,’ said Minister of Foreign Affairs Børge Brende.
The N. . .Mozambique Sees Big Uptick in Gas Exports
Posted on :Tuesday , 22nd December 2015
At the opening the 1st Coordinating Council of the Ministry of Mineral Resources and Energy Mozambique’s Minister of Resources and Mining, Pedro Couto, revealed that the country’s natural gas exports had doubled in 2015 to approximately 115.4 million gigajoules.
Couto also revealed that production of natural gas had increased by 8% but added that the fall in prices on worl. . .Sonatrach Plans Production Boost for 2016
Posted on :Tuesday , 22nd December 2015
Sonatrach, the Algerian state-run oil and gas firm, is aiming to increase crude output by 5% in 2016, although the added production most likely won’t make up the revenues lost due to the near seven-year low crude prices.
The North African country is looking to attract international companies to an auction of rights to develop oil and gas fields, including those with hard-to-reac. . .Please Select an Option
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