Market News

  • Uganda President meets Total executives over Crude oil pipeline construction

    Posted on :Thursday , 30th July 2015

    Uganda President Yoweri Museveni has held a meeting with Total’s Exploration and Production Africa Division Vice President Jabier Rielo over the development of a crude oil pipeline ahead of production in 2018.

    AFRICA OIL TO COMMENCE DRILLING BLOCK 12A BASIN OPENER IN OCTOBER

    Posted on :Thursday , 30th July 2015

     Block 12A joint venture partners Tullow Oil and Africa Oil have announced they will spud the Cheptuket exploration well in October to test a basin bounding structural closure in the Kerio Valley Basin in a similar structural setting to the successful Ngamia and Amosing discoveries.

     
    The Cheptuket well formerly refered to as Lekep-A is located in Elgeyo Marakwet. . .

  • US$350million oil pipeline in Kenya from Mombasa to Nairobi

    Posted on :Monday , 27th July 2015

     Kenya Pipeline Company has secured a $350million loan to invest in the construction of a new 450-kilometre oil pipeline in Kenya from Mombasa to Nairobi.

    The state owned oil dispenser will move ahead to a 20 inch contemporary multi-product oil pipeline in Kenya to reinstate the more than 30 year old – 14 inch pipeline currently in use.
    For the duration of the s. . .

  • Gasol and African Iron Ore Group in LNG deal

    Posted on :Thursday , 23rd July 2015

     West African energy development company Gasol plc has entered a strategic partnership with Switzerland-based African Iron Ore Group Limited (AIOG) to provide liquefied natural gas (LNG) for mining projects in western Africa

     
    AIOG will supply provide liquefied natural gas (LNG) for mining projects in Western Africa.
     
    AIOG is current. . .

  • Italy’s gas explorer Eni announces gas discovery in Africa

    Posted on :Thursday , 23rd July 2015

     Italy’s gas largest gas explorer Eni has reported a gas discovery in Egypt Nile Delta Abu Madi West which is located 120 Kilometres in the Northwest of Alexandria in Egypt.

    According to the company the preliminary reports estimate that the gas discovery in Egypt has the potential of producing up to 15B cubic metres of gas at a time with upside and also at an associated con. . .

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