Market News

  • IEA Projects Natural Gas Production to Increase 40 Percent by 2040

    Posted on :Monday , 16th November 2015

    But as to the sources of growth in electricity markets, coal’s relevance is going to diminish with every year and it’s going to diminish much faster than anyone had been thinking. The world is on track to hit the 1°C milestone this year.

    He says it’s the first time the IEA has properly acknowledged the rise of renewable energies and the inevitable decline of. . .

  • Sudan to Boost Oil, Gas Production Despite Slumping Crude Prices

    Posted on :Monday , 16th November 2015

    Oil-rich South Sudan seceded from what is now the Republic of Sudan in 2011. Khartoum estimates that the loss of the southern oilfield brought oil production volumes down to some 150,000 of barrels a day from a previous half a million barrels per day.

    “Actually, we are planning to expand, although the prices are going down,” Ambassador Nadir Babiker told RIA Novosti, . . .

  • EXTENDED WELL TESTING PROGRAMME IN AMOSING FIELD IN KENYA BLOCK 10BB COMPLETE

    Posted on :Thursday , 12th November 2015

    Tullow Oil and joint venture partner Africa Oil have completed the production phase of the Extended Well Testing (EWT) programme at the Amosing field and is ongoing at the Ngamia field both in Block 10BB.

    This is according to the latest update by the operator where it elaborates that the checks involved testing of five reservoir zones over distances of approximately 330 to 450 me. . .

  • Tanzania: Fuel Retailer Sets Aside Sh70 Million for Start-Ups

    Posted on :Wednesday , 11th November 2015

    Dar es Salaam — Total Tanzania yesterday launched a contest that seeks to award initiators of good business ideas.

     
    Dubbed 'Startupper of the year by Total', the initiative will see top three winners going home with a total of Sh70 million.
     
    The top winner will be receive Sh35 million, while the second and the third winners will ge. . .

  • Gas production in Africa records 50 million cubic feet increase

    Posted on :Monday , 9th November 2015

     Gas production in Egypt increase by 50m cubic feet in gas production sending a sigh of relief to gas users in the country, a senior official in the Egyptian Natural Gas Holding Company (EGAS)

     
    According to the official the rate of natural gas increase to nearly 4.3bn cubic feet compared to 4.25bn cubic feet last month.
     
    The officia. . .

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