The Chief Operating Officer (COO) of Sahara Energy Upstream Group, Mr. Curtis Cohen has said the firm is carrying out an extended production test on the Oki field located in Oil Prospecting Lease (OPL) 274 in North Western Niger Delta, Daily Independent reports. The activity is in readiness to strike first oil from the field before the end of the first half 2015.
Posted on : Friday , 12th December 2014
U.S. crude oil and lease condensate proved reserves has increased for the fifth consecutive year in 2013, increasing by nine per cent from the 2012 level to 36.5 billion barrels, according to the U.S. Crude Oil and Natural Gas Proved Reserves, 2013 report released yesterday by the U.S. Energy Information Administration (EIA), The Guardian reports.
Posted on : Friday , 12th December 2014
THE United Kingdom's Department for International Development (DFID-Kenya) has committed to support Turkana County Government in engagement of communities, oil companies and NGOs for local development of areas affected by oil explorations.
Speaking during the signing of the framework, Head of DFID Kenya, Lisa Phillips said The UK was excited about discoveries of oil and gas in Kenya.
"It's important that there is wide consultation a.... Read more »
Posted on : Friday , 12th December 2014
India’s Tata Group yesterday said it is in talks with partners in Africa to set up new assembly lines for commercial and passenger vehicles in Kenya and Tunisia.
Posted on : Thursday , 11th December 2014
TVS has officially commissioned its assembly line at Nakuru, Kenya. It has also officially announced that there will be two bikes launched specifically catering to the usability, reliability and durability needs of the Kenyan markets.
Posted on : Thursday , 11th December 2014
When Nigeria, on October 3, 2013, announced the introduction of a new automotive policy aimed at discouraging the importation of wholly assembled automobile and encouraging local manufacturing, it seemed like a tall dream. But building on recent local assembly successes, by Hyundai and Nissan, was last week’s unveiling of a new brand of cars by indigenous company, Innoson Motors.
Posted on : Thursday , 11th December 2014
Lafarge Africa, the Nigerian unit of the French cement maker, Lafarge, is poised to make a cash offer valued at about $122 million to buy-out minority shareholders in its Nigerian business, Ashaka Cement, it emerged on Tuesday.
Posted on : Thursday , 11th December 2014
Posted on : Thursday , 11th December 2014
A three-day meeting of experts opened on Monday this week at the African Union Headquarters in Addis Ababa in advance of the 9th Ordinary Session of the African Union Conference of Ministers of Trade to be held on 4-5 December. The experts are deliberating the implications of mega regional trade agreements and current investment trends in the context of .... Read more » Posted on : Thursday , 11th December 2014
General Electric (GE) has awarded Nexus Alliance Limited, contract for the technical training and capacity development of all personnel that will be engaged at its (GE's) Multimillion dollar Manufacturing and Assembly facility situated in Calabar, Cross River State. Vice Chairman of GE Mr. John Rice, this in Abuja during a recent visit to Nigeria. He sai.... Read more » Posted on : Thursday , 11th December 2014
Fifteen firms from four countries have indicated interests to invest in key sectors of the economy such as agriculture and manufacturing. This was made known by the Nigerian Ambassador in Argentina, Amb. Chive Kaave, when he led the investors from Argentina, Peru, Cuba and Paraguay to meet with the Executive Secretary of the Nigerian Investment Promotion.... Read more » Posted on : Thursday , 11th December 2014
THE Managing Director, Siemens Nigeria, Onyech Tifase, has described the company's feat in addressing challenges in Nigeria's real sector as a testimonial to the fact that the company fully understands the Nigerian terrain and is deeply committed to the country's development.
Read more »
Posted on : Thursday , 11th December 2014
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