Market News
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Construction of phase two of gas project in Africa gets funding from Chinese firm
Posted on :Friday , 6th November 2015
Chinese firm Sinopec International Petroleum Service Corporation has offered to finance the construction of phase II of gas project in Ghana.
The giant Chinese Oil Company has confirmed its capability to finance and ensure early completion of the gas project in Ghana.For about 352 days, the company has helped the country to prod. . .Kenya shrugs off Uganda plan to build oil pipeline through Tanzania
Posted on :Thursday , 5th November 2015
Kenya has shrugged off fears over a decision by neighbouring Uganda to consider building a crude oil pipeline through Tanzania.
Kenya brushed aside concerns that Uganda’s plan, if it proves cheaper than the alternatives, would scuttle its infrastructural plans for its own oil pipeline.
Acting Transport Cabinet Secretary James Macharia told the Nation on Wedne. . .Octant Energy Primed As It Agrees Pivotal Acquisition in Kenya and Tanzania
Posted on :Wednesday , 4th November 2015
Toronto listed junior Octant Energy Corp (CVE:OEL) has revealed its done a deal with the administrators ofAfren to buy oil and gas assets in Kenya and Tanzania.
It is acquiring two blocks in Kenya – L17/L18 and Block 1- and one asset, the Tanga Block, in Southern Tanzania.
The Canadian company says the acquisition is important for the development of t. . .FG Commissions U.S.$150 Million Gas Pipeline Manufacturing Plant in Africa
Posted on :Wednesday , 4th November 2015
The Federal Government, yesterday, commissioned $150 million, about N30 billion, ultra-modern gas pipeline manufacturing plant.
Speaking during the commissioning of the plant and the roll out ceremony of fabricated NNPC gas pipelines by the company in Abuja, President Muhammadu Buhari disclosed that the Federal Government will continue to promote and protect a. . .Pradhan Pushes For Better Hydrocarbon Ties With Africa
Posted on :Tuesday , 3rd November 2015
India, which imports nearly 18% of its crude oil requirement from African producers, is working towards further expanding ties with the energy-rich nations from Africa.
Petroleum minister Dharmendra Pradhan stressed upon intensifying hydrocarbon cooperation with the African countries on upstream, midstream and downstream areas. At present, India imports about 33 million tonne (MT. . .Please Select an Option
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