Investment in Africa's Oil, Gas to Increase Through 2016

 The Managing Director of baker Hughes Nigeria, Mr. Ayo Shote has predicted that investment in Africa's oil and gas business would increase beyond 2016. ‎Speaking at the company's Techno Day conference and Exhibition held recently in Lagos, Shote explained that these investments will continue to come into Africa because of huge potentials in Africa's oil and gas business.  He identified key focus of this growth to include West Africa, which is dominated by Nigeria, as.... Read more »

Posted on : Thursday , 28th August 2014

Kenya:Business News Kenya on track to boost geothermal energy generation

 Kenya has invited bids for construction of two new geothermal plants as part of the country's plan to boost electricity production by 5000MW in three years. The new plants, with a capacity of 60MW, will be completed by the end of 2014 and is part of several projects designed to tap into Kenya 10,000 MW geothermal power potential, according to Oxford Business Group's most recent economic update on energy.    According to a Ministry of Energy and Petroleum's 2013-2016.... Read more »

Posted on : Thursday , 28th August 2014

Nairobi: Dar es Salaam set to join Africa's Super 10 cities

 Rapid economic growth, coupled with discovery of large deposits of oil and gas, are likely to see both Nairobi and Dar es Salaam join the top 10 "super cities" of Africa by 2030, according to a new report.   The report by United Kingdom-based international firm PricewaterhouseCoopers (PWC) also predicts that Dar es Salaam will become a bigger city than London by 2030.   The London-based professional services network says that CEOs around the world are.... Read more »

Posted on : Thursday , 28th August 2014

Nigeria: Investment in Africa's Oil, Gas to Increase Through 2016, Says Baker Hughes

 Ejiofor Alike The Managing Director of baker Hughes Nigeria, Mr. Ayo Shote has predicted that investment in Africa's oil and gas business would increase beyond 2016.   ‎Speaking at the company's Techno Day conference and Exhibition held recently in Lagos, Shote explained that these investments will continue to come into Africa because of huge potentials in Africa's oil and gas business.   He identified key focus of this growth to include West Africa, which is.... Read more »

Posted on : Thursday , 28th August 2014

East African Explorers Seek Third  Partner For Kenya Oil Fields Development

 East African explorers, Africa Oil and its partner Tullow Oil, have told Reuters they could take on a third partner to help develop oil discoveries in northern Kenya where they discovered an estimated 600 million barrel in Block 13 T and Block 10 BB in South Lokichar Basin. “We will likely bring on a partner to help develop Lokichar Basin reserves but no timetable has been set,” Africa Oil’s chief executive officer Keith Hill told Reuters. East Africa has.... Read more »

Posted on : Wednesday , 27th August 2014

EAST AFRICAN OIL & GAS DISCOVERIES STIR GLOBAL EXPLORER INTEREST

 Gas and oil discoveries in Tanzania, Uganda and Kenya has led to East Africa receiving its share of attention from global oil companies. “Oil discoveries in Uganda Tanzania and Kenya have also added to the excitement in the sector as new players look to enter these markets, including some of the largest independent and international oil companies, “ Harley, president of DHL Energy Sector noted. He added that, while Angola and Nigeria have always been the most.... Read more »

Posted on : Wednesday , 27th August 2014

East Africa Oil Boom

 East Africa is the new oil and gas frontier. Recent discoveries of commercially viable deposits in the last few years in Tanzania, Kenya, Mozambique, and Uganda among others have sparked excitement and equal concern in the region. The potential of oil and gas exports have currently prompted an economic boom that could last for the next few decades, or at least until the tap runs dry. But the talk of prosperity is softened by the typical concerns over the resource curse and the.... Read more »

Posted on : Wednesday , 27th August 2014

Nigeria: Govt Borrows N300 Billion for Electricity Transmission

 The federal government has borrowed a total of $1.9bn (N300 billion), as part of electricity transmission expansion capacity.   The funding came from various sources as part of the target to meet the 20,000mw transmission capacity in the year 2020, records indicated.   Daily Trust gathered that so far $4 billion (N647.6bn) was generated by government out of the $16 billion (N2.6 trillion) target to achieve the 20,000 megawatts transmission capacity before.... Read more »

Posted on : Wednesday , 27th August 2014

Kenya: East Africa Spectre Seeks Clearance for LPG Factory

 A company linked to the Odinga family plans to set up an LPG filling and oil depot at Nairobi's Embakasi area as demand for cooking gas rises.   Demand for the liquefied petroleum gas in the country is expected to increase steadily and several firms in the oil and gas industry have recently embarked on building inland LPG filling depots to capitalise on the projected boom.   In a notice published Friday in the Kenya Gazette, National Environmental Management.... Read more »

Posted on : Wednesday , 27th August 2014

Tanzania: Coal Mine to Last Century Producing 300MW

  Ngaka — THE government has been assured that Ngaka coal mine reserves can serve the country for more than 100 years producing 300KW of power and other commercial needs.   Permanent Secretary in the Ministry of Energy and Mineral, Mr Eliakim Maswi, was told that the projection was drawn from the 423-million tonnes of coal resources the mine has.   Tancoal Chief Operating Officer, Tarn Brereton said on Monday that there was more than enough coal for generating.... Read more »

Posted on : Wednesday , 27th August 2014

Kenya looks into establishing oil and gas industrial parks

 As East Africa potential to become a major global oil and gas producer continues to attract international investors Kenya is already looking into establishing Oil and Gas Industrial Parks and Support Bases. According to a presentation by the National oil corporation’s managing director Sumayya Athmani during the stakeholder forum for oil and gas in June the plans that are an infancy stage include a supply base to support offshore operations that are happening on the.... Read more »

Posted on : Tuesday , 26th August 2014

Smaller firms will lead East Africa's oil and gas development

 * East Africa's huge gas reserves a big lure; proximity to Asia attractive   * Smaller explorers set to kick start development   * Majors cut investments as margins squeezed   Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa's oil and gas industry as majors ditch riskier projects as margins fall, executives from several oil and gas firms said on Tuesday.   The region has emerged as a.... Read more »

Posted on : Tuesday , 26th August 2014