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New Report projects Kenya annual Oil Revenues between $2.6 billion-$5 billion at Peak

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At the commencement of Kenya oil production in 2021 (Ceteris Peribus), national revenues will peak at USD 2.6 billion per year with oil prices at $45/bbl and rise to more…

Indecision on Export Pipeline is delaying Upstream Development for Uganda and Kenya Oil sector—Expert

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By Jonathan Markham… Oil and gas exploration in the East African Rift System has been gaining momentum since 2000, with an upturn in the number of wells drilled…

Analysis: How The Oil Price Crash Will Make Markets More Efficient

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By Michael McDonald. Oilprice.com BP CEO Bob Dudley recently came out making an interesting point regarding the silver lining from the fall in oil prices. Dudley notes that…

Watchdog group ‘Global Witness’ Says Four African countries lost $4 billion in dubious Oil deals

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A latest report from watchdog organisation Global Witness titled “How to Loose $4 billion” details how four Africa Oil producers have lost huge sums of money from dubious…

Tanzania to create special Local Content Unit to educate citizens about Oil and Gas Industry

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Tanzania Ministry of Energy and Minerals is to establish a special local content unit in the country to strengthen citizen accessibility of information on the oil and gas…

Oil Exploration; Major firms ignore Uganda, rush for Mozambican oil fields

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Mozambique announced closure of the Fifth Licensing round of 15 blocks with hydrocarbon potential in the offshore areas of Rovuma, Zambezi and Angoche, and the onshore areas of Pande-Temane…

Read how the fall of Global Oil prices have slowed Africa oil production in new sector outlook report 2015

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The sagging of Global oil prices have lead to a larger drop in Africa’s share of global oil production from 10.1% to 9.6% of the world’s total in…

Find details of ‘Kenya Oil and Gas Strategic Analysis and Outlook to 2025’ report

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International business research firm, Market Research Store, the  leading research and consulting service providers for the oil and gas industry, has provided details about Kenya oil and gas…

Tanzania new Oil law seeks to strengthen state control in Oil sector

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Tanzania’s new Oil and gas law,  The Petroleum Act 2015, currently awaiting debate in National assembly highlights a number of provisions aimed at giving state an upper hand…

African Development Bank advise Uganda and Tanzania on oil revenue management

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The African Development Bank has given fresh policy contributions and advice to new Oil producers on how to leverage oil, minerals and gas resources to improve human development…