Market News

  • 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 . . .

  • Kenya gets into a Deal for First Ever Oil Development

    Posted on :Thursday , 1st August 2019

    Kenya has signed a Head of Terms agreement with joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A for the very first development of an oil processing facility and a crude oil export pipeline.

    The agreement signed by the Ministry of Petroleum and Mining on behalf of the government will see the oil majors build a 60,000 – 80,000 barrels per day (bpd) processing faci. . .

  • Qatar Petroleum acquires interest in three offshore Kenya blocks in deal with Eni and Total

    Posted on :Wednesday , 24th July 2019

    Qatar Petroleum has acquired three offshore blocks (L11A, L11B and L12) in Kenya after closing a deal with Eni and Total the company has announced. The partners comprising the consortium will consist of affiliates of each of Eni (the operator) with a 41.25% participating interest, Total with a 33.75% participating interest, and Qatar Petroleum with a 25% participating interest. Prior to the agr. . .

  • Leaders from Energy, Solar, Oil & Gas industry to meet at KICC, Nairobi

    Posted on :Tuesday , 23rd July 2019

    POWER & ENERGY AFRICA is back with the latest edition from the 25th – 27th of July 2019 at the Kenyatta International Convention Centre, Nairobi in Kenya. Co-located with the 8th edition of this event is also the 6th SOLAR and the 8th OIL & GAS Kenya, catering to greater number of audience from a wide industry base that is relative to the energy sector. The much awaited event will. . .

  • Crude Oil Transportation Expected to Boost as EPF Inclines Production

    Posted on :Friday , 21st June 2019

    conveyance of crude oil from the South Lokichar basin by truck is expected to normalize following the permit of regulatory confirmation from Energy and Petroleum Regulatory Authority (EPRA) (Formerly Energy Regulatory Commission) allowing the Amosing momentary production facility to be fully operational.

     

    EPRA has granted the necessary licenses in early May allowing the co. . .

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