Jokowi noted interest in investing in Kenya’s energy sector – and asked for support from the government to speed up the move.
The IEA has said EVs will remove the need for 5mn barrels per day of oil by 2030.
Africa Oil did extract value from its Kenyan finds in 2016, though, with a partial sale to Maersk Oil, under which it received $427mn.
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.
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.
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 and Tanzania have reaffirmed their commitment to build a gas pipeline, in order to secure affordable energy for Kenyan demand.
Starsight Energy and SolarAfrica have set out a plan to merge and expand into new areas, particularly Francophone West Africa.
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.
Japanese corporates have signed around 90 agreements with African investors at the recently concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
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.
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.
Norway’s Norfund and KLP has made a $40 million equity investment in CrossBoundary Energy, to support renewable energy projects in Africa.
Kenya’s KenGen has begun delivering steam at the sixth unit of its Olkaria geothermal unit.
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.
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Eni has spudded the Mlima-1 exploration well, offshore Kenya, in the deepwaters of the Lamu Basin.
The International Court of Justice (ICJ) has found in favour of Somalia in a ruling on maritime boundaries in the Indian Ocean.
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 has hit financial goals and is looking to farm down its Kenyan operations, as it focuses further on its Ghanaian operations.
Kenya has signed a memorandum of understanding (MoU) with Eni on decarbonisation and biofuel.
Tulu Moye Geothermal Operations (TMGO) has begun testing the GA-1 well in Ethiopia, amid a continued push for geothermal progress in East Africa.
Uganda and Tanzania have taken another step toward construction of a major oil export pipeline, while port operations begin in Kenya.
Somalia has denied reports that the resumption of diplomatic relations with Kenya stems from an oil-sharing agreement on the offshore.
Solar developer Starsight Energy is expanding from its West Africa roots with a move into East Africa.