Market News

  • Kenya Bags Two Design Options for Lamu Crude Pipeline Project

    Posted on :Thursday , 28th November 2019

    Kenya has been presented with two designs for the Lokichar-Lamu crude oil pipeline (LLCOP) with a price fluctuation of $122.2 million.

    British firm Wood Group Plc has concluded with the front end engineering design (FEED) that shows Kenya can chose for a pipeline with onshore storage facilities that would cost $1.2 billion to construct or one with floating storage facilities at a cost of. . .

  • African Oil & Gas Sector Holds Great Potential to Revive Economy

    Posted on :Monday , 23rd September 2019

    As African economies are experiencing a transformative period, the energy sector holds huge potential to revitalise African economies and empower the growth and development.NJ Ayuk derives how energy holds on the African dream. 

    In a very straight forward approach, the executive chairman of the African Energy Chamber briefs on the fortunes and misfortunes in Africa’s p. . .

  • Kenya Exports First Oil Shipment

    Posted on :Wednesday , 28th August 2019

    Kenya's President Uhuru Kenyatta flagged off the country's first export shipment of oil Monday, more than 200,000 barrels of crude.

    The oil exports begin an era of greater prosperity for Kenyans. The oil was purchased by a British-based Chinese company, according to a Kenyan government announcement, AP reported.

    The shipment is an accumulation of oil produced since. . .

  • Kenya to Accept Qatari Deal on Oil Blocks

    Posted on :Wednesday , 21st August 2019

    Kenya will confirm the procurement of offshore oil and gas analysis blocks by Qatar Petroleum, a State-owned company of the energy-rich Arab nation, Petroleum Principal Secretary Andrew Kamau has said.
     

    Qatar Petroleum, mid last month, said it has signed a deal with French multinational oil and Gas Company Total and its Italian peer Eni to take over three offshore explora. . .

  • QATAR PETROLEUM SIGNS AGREEMENT ON THREE KENYAN OFFSHORE BLOCKS

    Posted on :Thursday , 1st August 2019

    A State-owned company, Qatar Petroleum, of the energy-rich Arab nation, has gained a block of Kenya’s offshore oil and gas exploration fields, adding to a expanding list of global corporations eyeing to exploit huge fuel deposits believed to be underneath the Indian Ocean seabed.

    The company said it has signed an agreement with French multinational oil and gas company Total and . . .

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