Market News | Oil & Gas Expo Kenya 2018

Market News

  • Kenyan offshore patrol vessel handed over

    Posted on :Tuesday , 12th September 2017

     Bangladeshi shipbuilder Western Marine Shipyard (WMS) has handed over the offshore patrol vessel MV Doria for Kenya's Ministry of Fisheries, Livestock and Agriculture at its facilities in Bangladesh, and will sail it to Kenya at the end of this month.

     
    The handover ceremony on 13 August was attended by Bangladesh’s Finance Minister Abul Maal Muhith and Ma. . .

  • East Africa: Total Seeking Kampala-Dar Pipeline Route for Kenya Oil

    Posted on :Tuesday , 12th September 2017

     French oil giant Total, which is consolidating its position in the region's extractives sector through its full acquisition of Maersk Oil and Gas stake in Kenya's South Lokichar oilfields, plans to push for discussions that would see Kenya's oil transported through the Uganda-Tanzania pipeline.

     
    Such a decision, still at the wishful thinking stage, would have f. . .

  • Lobby raises red flag over Total’s role in oil plan

    Posted on :Tuesday , 12th September 2017

     Festering differences between the Energy ministry and French oil major Total could disrupt Kenya’s upstream oil industry even before it begins commercial production, an industry lobby has warned.

    The French firm last month acquired Maersk Oil’s global business, giving it a 25 per cent stake in the three blocks in Lokichar that are being readied to start oil production.. . .

  • Nock eyes buyers of Nairobi oil terminal

    Posted on :Tuesday , 12th September 2017

     National Oil Corporation of Kenya (Nock) has put on sale its multi-million shilling Nairobi petroleum depot, just eight years after expanding the facility to match growing fuel storage demand.

     
    The State-owned oil marketer said it had received a bid for an outright acquisition of the terminal that also has a truck loading facility and a warehouse.
    &. . .

  • National Oil rolls out cooking gas initiative

    Posted on :Friday , 11th August 2017

     National Oil has kicked off the pilot phase of its cooking gas distribution and marketing project dubbed Mwananchi Gas in 17 counties.

    The programme, which started a year ago, is being implemented at a cost of Sh5 billion. It is aimed at getting more households to use gas as their preferred means of cooking.

    The initiative will see the initial retail price of a 6kg gas cyl. . .

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