Market News | Oil & Gas Expo Kenya 2018

Market News

  • Government trains 349 Kenyans in oil exploration

    Posted on :Friday , 11th August 2017

     The Government has trained 349 Kenyans in oil exploration over the past four years, according Devolution Cabinet Secretary Mwangi Kiunjuri. In a speech read on his behalf by Fisheries Principal Secretary Japheth Ntiba Micheni at a conference in Kakamega, the CS said the training cost Sh480 million.

    He said those trained were drawn from various Government agencies. Kiunjuri said th. . .

  • Tullow Strikes More Oil In Kenya

    Posted on :Friday , 11th August 2017

     Tullow Oil has announced a find in the Emekuya-1 oil well in the South Lokichar basin in the northwestern part of the country. The exploration well was drilled in the Block 13T, which the UK-based, Africa-focused company operates with a 50-percent interest in partnership with Maersk Oil and Africa Oil Corporation, both with 25-percent stakes.

     
    The well revealed. . .

  • National Oil acting chief executive confirmed

    Posted on :Friday , 11th August 2017

     The National Oil Corporation of Kenya has confirmed interim boss Mary Jane Mwangi as chief executive after acting for a year.

     
    The State-owned firm said Ms Mwangi was ranked top in the interview and will now head the firm for three years effective August 1.
     
    “She is expected to drive change, lead and build a competitive fully. . .

  • President Uhuru launches construction of Sh1.7b Kisumu oil jetty

    Posted on :Friday , 11th August 2017

     President Uhuru Kenyatta Wednesday launched the construction of the Sh1.7 billion Kisumu oil jetty whose completion in October is expected to help Kenya recapture the regional fuel market share lost to Tanzania.

    The jetty whose construction began in April is 15 per cent complete and is expected to boost throughput in Kisumu by 1 billion litres a year in phase 1 and up to 3 billion. . .

  • Dutch oil marketer Lexo Energy launches in Nairobi

    Posted on :Friday , 11th August 2017

     A Netherlands-based company has launched operations in Kenya, making Nairobi its second African destination.

     
    Lexo Energy, the latest oil marketer to join the Kenyan market, is backed by a multi-billion-shillings war chest with which it plans to open up to 25 new petrol stations this year.
     
    The entry bucks a recent trend in which W. . .

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