Market News
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Uganda: Oil Companies Seek Local Content Fund
Posted on :Thursday , 17th December 2015
Ugandan companies within the oil and gas sector want government to set up a special local content fund to finance their growth in order to be at the forefront of winning some of the lucrative tenders the industry offers.
The Uganda Association of Oil and Gas Service Providers argues that local companies require a lot of money to fully participate in the capital-intensive oil sect. . .Tullow Finds Oil in Etom-2 Well in Northern Kenya
Posted on :Thursday , 17th December 2015
Tullow Oil PLC said an exploratory well drilled in the South Lokichar basin in northern Kenya encountered 102 m of net oil pay in two columns.
The Etom-2 well, on Block 13T, was drilled to 1,655 m by the PR Marriott Rig-46 (OGJ Online, Nov. 17, 2015). Drilling followed evaluation of 3D seismic that was shot after the Etom-1 well (OGJ Online, Sept. 3, 2014).
Tullow . . .Heavy Investment in Africa\'s Lubricant Industry
Posted on :Wednesday , 16th December 2015
A professor with the Rivers State University of Science and Technology, Port Harcourt, Steve Odi-Owei, has called for heavy investment in the production of quality lubricant in the country.
The professor, who spoke on "Human Capital Development and Capacity Building in Lubricant and Lubrication at the Nigerian Lubricant Summit in Lagos recently, said that. . .Chinese Lanpec Eyes Investment in Sudan
Posted on :Monday , 14th December 2015
The Sudanese Ministry of Petroleum has unveiled a design by Chinese based Lanpec Co. Ltd. for investment in Sudanese oil and gas refineries.
According to a statement by the Ministry the company has visited refineries in Khartoum and Port Sudan over the past period and has promised to conclude a memo of understanding in this regard within 45 days.
Mahmoud Mohamed Ab. . .3D SEISMIC IN KENYA’S OFFSHORE BLOCKS L27&28 UNLIKELY WITHOUT FARM-OUT
Posted on :Monday , 14th December 2015
Houston based offshore Block L27&28 operator Erin Energy has said it is unlikely to meet its requirements unless a farm-in partner comes on board.
“3D acquisition in L27 & L28 subject to completing a farm-out,” Erin Energy told investors in its last presentation in early December.
The blocks located offshore Kenya at water depths of 7200 to 1470. . .Please Select an Option
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