Market News
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Kenya: Canadian Firm Simba Energy Seeks Sh214m for Oil Exploration in Mandera
Posted on :Thursday , 19th November 2015
Simba Energy, a Canadian oil and gas exploration firm, has announced plans to raise Sh214 million ($2.1 million) to fund exploration work in Mandera.
In its latest update, Simba Energy says it will raise the money through a private placement share offer that will see it sell 42 million shares at Sh7.65 ($0.075) each.
“The company is pleased to announce a fina. . .EMESEK-1 EXPLORATION WELL IN KENYA’S NORTH TURKANA BASIN DISAPPOINTS
Posted on :Wednesday , 18th November 2015
The Emesek-1 well which was also the North Turkana basin opener spud in mid-October drilled to a depth of 3000 meters did not encounter commercial hydrocarbons according to the joint venture partners in the Block Tullow Oil (operator), Africa Oil and Maersk Oil.
“The Emesek-1 well was the first well to be drilled in the North Lokichar basin. While this wildcat well did not . . .AIRBORNE GRAVITY GRADIOMETRY SURVEY OVER LAKE TANGANYIKA NORTH BLOCK COMMENCES
Posted on :Wednesday , 18th November 2015
The Tanzania Petroleum Development Corporation (TPDC) has said it has started acquiring a non-invasive Airborne Gravity Gradiometry Survey over wholly operated Lake Tanganyika North Block which cuts across five districts namely; Kigoma rural, Kigoma, Ujiji, Uvinza and Mpanda rural.
The survey which started November 17th expected to take three months is to acquire high resol. . .Largest Gas Engine Power Plant in Sub-Saharan Africa to Be Built in Ghana
Posted on :Tuesday , 17th November 2015
Cummins Cogeneration Limited (CCL) and WUTA Energy have finally sealed a deal to commence the development of a 140MW gas-fired power plant in the Western region of the country.
The plant which will be based in Beyin, in Jomoro district forms part of the first phase of a 300MW Power Purchase Agreement to supply energy to the Ghanaian Grid. Mr. Deepak Khilnani, Chairm. . .Kenya: Tullow to Develop North Kenya Fields Despite Low Oil Prices
Posted on :Monday , 16th November 2015
Tullow Oil is working on a plan to develop its northern Kenya fields, it said in an update.
The UK explorer said it is working on a field development plan to best determine how to extract oil and associated costs."In Kenya, discussions with the Government regarding the draft field development plan for the discoveries in the South. . .Please Select an Option
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