March 16, 2016

French equipment manufacturer Vallourec has strengthened its proximity with Oil and Gas customers in East Africa by opening a new sales office in Nairobi, Kenya.

According to Vallourec East Africa remains more than ever a strategic region, despite the current challenges in the global oil and gas markets with the new office is an indication of  the Group’s commitment to contribute to the development of the region’s energy sector in the coming years.

​​​​​ Country Manager Erwan Le Gouadec will be Vallourec’s local representative, responsible for both the office and the commercial coverage of the Oil & Gas sector in the East African region.

 

Vallourec is a k...

March 16, 2016

Tanzania through its ministry of energy and minerals has called for credentials from oil and gas professionals in a move it says will ensure they are utilized in the relevant fields for the development of the country.

 

 

The ministry in the advertisement says the discoveries of natural gas in the deep water and expansion of oil exploration activities has led to a need to develop Oil and Gas Professionals Data Base (OGPDB) to act as a tool for employment opportunities search.

The move it says has resulted from a shortfall in human capital supply largely due to the newness of the subsector in the economy.

 

This move is on top of the already ongoing Capacity...

March 16, 2016

TULLOW Oil is optimistic that Kerio Valley basin has significant oil deposits following initial tests.

 

In an operation update posted on Wednesday, the British firm said the tests show a sign of positive prospects at the Cheptuket-1 well in Block 12A, in Rift Valley.

 

"The objective of the well was to establish a working petroleum system and test a structural closure in the south-western part of the basin," Tullow said.

 

It added :"The strong oil shows encountered in Cheptuket-1 indicate the presence of an active petroleum system with significant oil generation."

 

The oil exploration firm said the post-well analysis is underway and will determine the futur...

March 10, 2016

 

Players in the energy and related sectors will Thursday meet in Nairobi for a discussion and networking forum in a meeting that is expected to bring ideas and potential uses of energy in the region to the fore.

The event put together by Saada Abdallah and Kagume Chiuri will not only target players already in the energy field but also multiple fields such as law, engineering, finance and taxation.

The organizers add that The Connect event which is running with the theme “involve me and I’ll learn” will help people to get to know each another across different fields all with the common interest in understanding energy

“The fastest way to get to k...

March 1, 2016

A new independent RPS Energy Canada Ltd. Calgary, Canada on behalf of Maurel et Prom (Operator) and Wentworth Resources has increased the (2P) reserves increased by 20%.

According to JV partner Wentworth Resources the results follow favourable data from the MB-4 well drilled during 2015 and which was drilled to a total depth of 2,788 meters penetrating the Miocene gas reservoirs with net pay of 24 meters (Upper Mnazi Bay) and 43 meters (Lower Mnazi Bay) for a total net pay of 67 meters.

 

 

Wentworth says the Reserves Report, further demonstrates the quality of the Company’s assets in Tanzania with the existing reserves providing a solid foundation to grow...

February 29, 2016

 

Kenya would be among the 10 cheapest countries to produce crude oil, ahead of major exporters like Nigeria and Angola.

Tullow Oil, the UK firm prospecting for oil in Turkana among other areas, has reported the break-even point for Kenya crude is Sh2,550 ($25) per barrel – including the pipeline tariff to the sea port.

 

Low production costs translate to higher profits for a producer. Kenya's projected cost is lower than $35.40 (Sh3,600) in Angola and Nigeria's $31.50 (Sh3,204), both countries bleeding money as global prices slumped to near-record low of $29 (Sh2,949) this week.

At the prevailing prices, Kenya would still be making a profit if it were alre...

February 24, 2016

 

Looking for a winner from the oil price slump? Kenya could well be a prime candidate, in the emerging world at least.

The rout has claimed a swath of well-documented victims, from recession-hit Brazil, Russia and Venezuela to the badly holed Nigeria and Azerbaijan and the challenged Gulf states.

 

However Kenya — with a rapidly falling current account deficit, its first quarterly budget surplus for at least five years and solid economic growth — could be one of the less heralded beneficiaries of the crash in energy prices.

“Kenya is one of the few large African economies that is likely to perform well in 2016. As a net energy importer, it will continue to...

February 16, 2016

 

 

 

Kenya’s Lamu Port South Sudan and Ethiopia Transport (LAPSSET) corridor crude oil pipeline is still the cheaper way of transporting South Sudan and Uganda oil to international markets.

Toyota Tsusho Corporation head of Pan Africa Regional Office and Strategic Alliance Department Kenji Suzuki and senior general manager Hideyuki Oiwa told the Sunday Nation that they have so far spent more than Sh100 million to do feasibility studies that eliminated both Tanzania and Ethiopia as options of cheap transportation of crude oil.

 

“We have carried 0ut four studies on the crude oil pipeline since 2011 before Kenya was certain of its oil reserves,” says Mr Oiwa,...

February 12, 2016

 

The board of the National Oil Corporation of Kenya (NOCK) has appointed in acting capacity MaryJane Mwangi  General Manager, Downstream Operations as the new CEO after Sumayya Athmani was sent on compulsory leave.

 

No reason was given for her suspension although her suspension follows another high profile suspension of the managing director of the Kenya Pipeline Corporation Flora Okoth who was also replaced by General Manager Joel Sang.

 

The changes follow the appointment of a new cabinet secretary in the Ministry of Energy and Petroleum Charles Keter where both parastatals fall.

The suspension of Sumayya will auger well with lobbyist including the...

February 12, 2016

Following the earlier announced cut in exploration costs by Tullow oil the explorer has said it will focus on seismic surveying, processing and interpretation, high-grading and progressing leads to drill worthy prospects as oil prices continue to remain at an all-time low.

Tullow Oil which has set just $100 million for exploration adds it will also continue seeking low cost and highly prospective acreage in core areas to ensure that the business maintains its industry-leading exploration portfolio.

 

“Exploration will continue to be a key part of Tullow’s long-term growth strategy, however, given sustained low oil prices, capex will be around $0.1 billion...

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