ION wins Kenya seismic ahead of licence round
ION Geophysical has won 3D work offshore Kenya, ahead of a licence round expected in the near term.
Kenya
Drilling in April to turnaround Tullow’s tough times
Tullow Oil has reported a post-tax loss of $1.22 billion for 2020, with production to continue sliding in 2020.
Ormat under short seller fire over alleged dodgy deals
Geothermal power plant builder Ormat Technologies has rejected claims of “international corruption” from short seller Hindenburg Research.
KenGen to drill geothermal wells in Djibouti
KenGen has won a $6.45 million contract to drill three geothermal wells in Djibouti.
East African company buys into UK power storage
East Africa-focused Janus Continental Group (JCG) has invested $13 million in Highview Power, which has developed a liquid air energy storage system.
Trafigura buys into Bboxx amid LPG push
Trafigura has acquired a minority stake in Bboxx, which provides solar power systems in Africa and Asia, with an eye on LPG supplies.
Clir wins Lake Turkana wind optimisation work
Lake Turkana Wind Power has contracted Clir Renewables to track the Kenyan power project’s performance and consider potential optimisation.
Eni discusses Mombasa refinery conversion
Eni and Kenya have held talks on a number of potential green plans in the East African country, including the conversion of the Mombasa refinery.
Somalia, Kenya fall out again
Somalia has severed diplomatic ties with Kenya, after the latter deepened ties to Somaliland.
Kenya’s EPRA head replaced following bribe accusation
Kenya’s Ethics and Anti-Corruption Commission (EACC) has arrested the director general of the country’s Energy and Petroleum Regulatory Authority (EPRA).
Tullow wins more time in Kenya
Tullow Oil and partners in Kenya have won more time to work out how to produce the South Lokichar oil.
ICBC drops Lamu coal plans
The Industrial and Commercial Bank of China (ICBC) has opted to halt its proposed financing of a 1,050 MW coal power plant in Kenya’s Lamu County.
Plunge in to African hydropower
A number of options have been suggested to address Africa's need for electricity, but hydropower has often been overlooked.
Africa Oil, the exception
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
Tullow trims sails
Tullow Oil produced 77,000 barrels per day of oil in the first half, in line with expectations.
Tullow shutters Kenya export business
Tullow Oil has announced the end of its Early Oil Pilot Scheme (EOPS) in Kenya, declaring the project to be a success.
Power in a time of pandemic
The coronavirus pandemic has taken its toll on the world, with lives lost and economies shrinking.
Pandemic drives oil reserves up for sale to 12.5billion barrels – Rystad
The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
Tullow hits pause in Kenya
Tullow Oil has declared force majeure at its site in northern Kenya, putting plans to sanction the project this year in jeopardy.
Troubled Tullow appoints new CEO
Tullow Oil has appointed Rahul Dhir to serve as its new CEO and an executive director, with Dorothy Thompson returning to her role as non-executive chair.
As pressure mounts, Tullow launches sale plans
Tullow Oil has slashed spending in 2020 and set out major disposal plans in an attempt to weather the storm.
Tullow workers crash land in Kenya
A flight in Kenya carrying Tullow Oil workers has made an emergency landing following an engine failure.
Tullow, Total start sale of partial stakes in Kenya oil fields
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 takes write down on lower for longer prices
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.
New oil law in Somalia tests uneasy peace
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.