Tullow oil

What Kenya needs to do to better protect those working in the oil sector

After decades of failed attempts, Kenya finally struck oil six years ago. Commercially viable reserves were discovered in Turkana, the northwest of the country, by British oil company, Tullow Oil. The basin is estimated to contain about 560 million barrels of oil. While commercial production is a few years away, there’s growing concern that Kenya isn’t ready for the environmental,

Continue Reading →

The World Bank

World Bank bans oil funding

The World Bank has announced it will not fund upstream oil and gas projects from 2019 onwards, as a mean to save the world from disasters of climate change An estimated 1.1 billion people making 14% of the global population do not have access to electricity according to the International Energy Agency. Speaking at the

Continue Reading →

Iraqi state oil marketing company SOMO has sold Basra crude oil on the Dubai Mercantile Exchange (DME)

Iraq resumes sale of Basra Oil on DME

Iraqi state oil marketing company SOMO has sold Basra crude oil on the Dubai Mercantile Exchange (DME) for the first time since January, Reuters reported. SOMO sold 2 million barrels of Basra Light crude for loading on November 16-17 at 20 cents above its official listing price, the DME said. Trade sources told Reuters that China’s Unipec

Continue Reading →

El-Molla in Jordan

Enppi and Petrojet Complete 60% of Gas Expansion Project in Jordan

Egyptian engineering, construction, and procurement (EPC) company Enppi and Egyptian Petroleum company Petrojet have completed 60% of their natural gas network expansion project in Jordan, says reports. The project will be finished next October, Egyptian Minister of Petroleum Tarek El-Molla said in a press statement during a visit to Jordan. During the trip, Egypt and

Continue Reading →

New ‘Panama papers’ Expose Oil Companies and Gov’t Officials in Misuse of Corporate and Political power in Africa

Nearly four months after the initial release of the Panama Papers, investigations into the use of offshore accounts to channel illegal funds have now revealed a large-scale network of offshore deals that took place across Africa. Many of these deals expose misuse of corporate power towards paying exorbitant bribes to win control of natural resources

Continue Reading →