Tullow Oil and Total have started the process to sell part of their stakes in oil discoveries in Kenya, said people familiar with the matter.
Tullow expects to report pre-tax impairments and exploration write-offs of around $1.5 billion for 2019, as a result of a lower oil price forecast and a reduction in 2P reserves at the TEN project, offshore Ghana.
Somalia is taking steps to attract foreign investment to its energy sector but challenges remain, most notably in how the federal government can integrate its policies with those of the state governments.
Tullow Oil chief executive Paul McDade and exploration director Angus McCoss have resigned with immediate effect as production expectations for 2020 and beyond have been slashed.
A North Sea helicopter pilot has raised £4,000 for charity by cycling 400 miles through the mountains, rainforests and towns of Kenya alongside seven tetraplegic athletes.
Middle East oilfield service firm AlMansoori has supported a ground-breaking project in Kenya after securing a $15 million contract with Tullow Oil.
Strathmore Energy Research Centre (SERC) a market driven research facility in Kenya has announced it's new renewables based projects and training facility.
A runaway tanker carrying volatile gas has slammed into other vehicles and burst into flames on a major road in Kenya, killing at least 39 people and injuring 10, officials said on Sunday.
Rwanda and Burundi stopped importing their fuel needs through the Kenyan port of Mombasa because of the contamination of some cargoes and have opted to route shipments through Tanzania instead, according to the Kenya Transporters Association.
Kenya has said it needs the oil price to be no lower than between $50 and $55 a barrel to exploit its reserves at a profitable level.
Africa Oil said it has been given approval by the Kenyan government for its farm in with Maersk Oil. The company said the move means completion of the farm out of blocks 10BB, 13T and 10BA can now proceed.
Tullow Oil has reported promising results so far from its Etom-2 well in Block 13T, Northern Kenya.
Africa-focused energy service company Atlas Development said today it had been approached by “a number of parties” about potential joint ventures.
Kenya and Uganda ended months of debate in August to sign an agreement on an oil pipeline costing almost $4 billion. Finding the money to build it and companies to start pumping crude may be a harder task. The 1,500-kilometer (930-mile) pipeline is key for exporting the region’s crude when production finally begins -- 2018 in Uganda’s case. With oil prices languishing below $50 a barrel, there’s little incentive for companies such as Tullow Oil Plc, Africa Oil Corp., China’s CNOOC Ltd. and France’s Total SA to keep investing. “The lower oil price has created a great deal more of uncertainty around future oil production, given that additional capital expenditure will be required to make oil production a reality,” Razia Khan, head of Africa economic research at Standard Chartered Plc in London, said in an e-mailed response to questions.
Houston-based exploration company Erin Energy has been given approval by the government of Kenya to begin the next phase of exploration on its onshore blocks, L1B and L16.
Tullow Oil has resumed gas exports from its flagship Jubilee field in Ghana earlier than expected.
Kenya Power & Lighting Ltd., the East African nation’s sole electricity distributor, will sign two purchase agreements for 76 megawatts of geothermal energy and hydropower. The utility will buy 70 megawatts from Akiira Geothermal Ltd., a project developer, and Marine Power Generation Ltd., its development partner, it said. The distributor will also purchase 6 megawatts from Kleen Energy, a local hydropower producer.