Pertamina eyes Kenya’s geothermal, upstream opportunities
Jokowi noted interest in investing in Kenya’s energy sector – and asked for support from the government to speed up the move.
Kenya
Emerging markets, emissions and EVs
The IEA has said EVs will remove the need for 5mn barrels per day of oil by 2030.
Africa Oil, TotalEnergies walk away from Lokichar licence
Africa Oil did extract value from its Kenyan finds in 2016, though, with a partial sale to Maersk Oil, under which it received $427mn.
Tullow targets transformation through debt payments
In Cote d’Ivoire, the independent is planning to drill an exploration well in 2024 on CI-524. The company has also secured a new licence in the country, CI-803, where it sees insights from its Tano Basin knowledge.
EACOP out of line with IFC standards, Kenyan insurer withdrawal suggests
East Africa-focused financial services provider Britam Holdings has opted out of insuring a controversial pipeline project – in a move that has been hailed by opponents.
Conversion of OML 130 could trigger FID from Total at Preowei
Partners in Nigeria’s OML 127 and 130 continue to work on conversion to new terms – with success potentially triggering approval for the Preowei discovery.
Kenya, Tanzania set sights on gas link
Kenya and Tanzania have reaffirmed their commitment to build a gas pipeline, in order to secure affordable energy for Kenyan demand.
Starsight, SolarAfrica to merge and expand
Starsight Energy and SolarAfrica have set out a plan to merge and expand into new areas, particularly Francophone West Africa.
Africa Oil sees progress looming in Nigeria, Kenya
Africa Oil (TSX:AOI) expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
Japan signals African energy support at Tunis meeting
Japanese corporates have signed around 90 agreements with African investors at the recently concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
Capricorn investor slates Tullow merger plan
An investor in Capricorn Energy has expressed its opposition to the company’s merger plan, describing it as one sided in favour of Tullow Oil.
India’s ONGC Videsh, Indian Oil weigh stake in Tullow’s $3bn Kenya project
ONGC Videsh and Indian Oil Corp are in talks to acquire a stake in Tullow Oil Plc’s $3.4 billion project in Kenya, according to people with knowledge of the matter.
Norfund steps up to invest in CrossBoundary
Norway’s Norfund and KLP has made a $40 million equity investment in CrossBoundary Energy, to support renewable energy projects in Africa.
KenGen preps for more geothermal power in low-cost push
Kenya’s KenGen has begun delivering steam at the sixth unit of its Olkaria geothermal unit.
Tullow flexes positive plans on improved optimism
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
Drilling is in, IHS Markit says, as resources rise
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Eni spuds exploration well in deepwater Kenya
Eni has spudded the Mlima-1 exploration well, offshore Kenya, in the deepwaters of the Lamu Basin.
ICJ finds for Somalia in offshore carve-up
The International Court of Justice (ICJ) has found in favour of Somalia in a ruling on maritime boundaries in the Indian Ocean.
Flurry of African exploration incoming
Exploration companies big and small are warming up for a busy next 12 months – although some have warned this may be the last such push in the energy industry.
Tullow Oil hits goals, rethinks Kenya plan
Tullow has hit financial goals and is looking to farm down its Kenyan operations, as it focuses further on its Ghanaian operations.
Eni considers Kenyan waste for bio-refineries, converting Mombasa plant
Kenya has signed a memorandum of understanding (MoU) with Eni on decarbonisation and biofuel.
TMGO tests Ethiopian geothermal promise
Tulu Moye Geothermal Operations (TMGO) has begun testing the GA-1 well in Ethiopia, amid a continued push for geothermal progress in East Africa.
Tanzania signs EACOP HGA, as Kenya launches Lamu
Uganda and Tanzania have taken another step toward construction of a major oil export pipeline, while port operations begin in Kenya.
Somalia dismisses revenue split with Kenya
Somalia has denied reports that the resumption of diplomatic relations with Kenya stems from an oil-sharing agreement on the offshore.
Starsight buys into East African opportunity
Solar developer Starsight Energy is expanding from its West Africa roots with a move into East Africa.