Market News

  • Kenyans to Wait More for Oil Billions Until 2025

    Posted on :Friday , 11th September 2020

    Kenyans will have to wait until after 2025 for petrodollars from Turkana oil fields to start trickling in after the government lengthened the exploration timeline for Tullow.

    The British oil explorer said it had allowed another 15 months for exploration phase of the Turkana oil project, essentially pushing ahead production timelines and extending the long-awaited final investment decisio. . .

  • Webinar Organized on Ongoing Project in Kenya by Visionri

    Posted on :Thursday , 20th August 2020

    VisionRI, a global development consulting firm, recently organized a webinar for an ongoing project named 'Consultancy Services to Review and Update Oil and Gas Standards in Kenya'. The workshop was organized through the Webinar module of VisionRI's web-based project monitoring and evaluation tool Idea M&E.
     

    In about two hours of the 'Webinar-Validation Workshop-II', Team Lea. . .

  • Kenya to Explore Bidders for 185,000 bl Crude Cargo

    Posted on :Friday , 14th August 2020

    The Kenyan government plans to initiate taking bids for the second and final cargo from the country's pilot crude export scheme in September.

    The scheme which involved trucking oil from fields in the South Lokichar basin by road to the Indian Ocean port of Mombasa ended at the start of June, two years after it incorporated. Kenya exported its first ever crude cargo, a 240,000 bl shipment. . .

  • Kenya’s Crude Oil Production to touch 46,000 bpd in 2023

    Posted on :Thursday , 12th March 2020

    According to Tullow, oil from the Lokichar Basin is set to cost US$25/bbl. to extract and transport. However, the aspect of transportation is yet to be resolved, making their estimates doubtful.

    An examination by the Oxford Business Group indicates that there is a relatively high wax content in the oil, which could put a dampener on the final production price — likely . . .

  • Benchmark on Formulation of Petroleum Regulatory Authority by Kenya Delegation in Uganda

    Posted on :Monday , 2nd March 2020

    The Petroleum Authority of Uganda (PAU), the Ministry of Energy and Mineral Development (MEMD) and the Uganda National Oil Company (UNOC) introduced a Kenya delegation from the Ministry of Petroleum and Mines.

    The two-day official visit focused on benchmarking and familiarization as the republic of Kenya also follows to the process of setting up a Petroleum Regulatory Authority.

    T. . .

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