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Oil and the environment: Nigeria President Promises to Clean Oil spills in Niger delta During Kenya Visit

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Nigerian President Muhammadu Buhari pledged to clean up Ogoniland and other parts of the Nation’s Oil rich Niger Delta, vastly damaged by frequent crude oil spills. Buhari made…

Here is Why India could be the new Oil Market Hope for Latest Africa Producers

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Data at the International Energy Agency (IEA) indicate that India will be (read is) the world’s largest oil market with consumption rate projected at 10 million bpd by 2040….

Nigeria and Scotland in New Oil trade talks

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A Scottish oil and gas delegation is visiting Nigeria this week with a view to forming partnerships Scottish Development International is leading the delegation and the participants are…

Expert; How East Africa is paving way in the spotlight and changing Africa’s Oil map

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By Thangapandian Srinivasalu Africa produced 8.2m b/d of crude last year – 76% came from Nigeria, Algeria, Egypt and Angola, according to PricewaterhouseCoopers’ (PWC) 2015 Africa Oil &…

IMF predicts higher Economic growth rate for Mozambique from new Gas discoveries

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By Agencies… The International Monetary Fund (IMF) predicts that Mozambique’s average growth rate during the first half of the next decade could reach the staggering figure of 24…

Analysis: Will Kenya be a Rule-Maker or rule-taker in the ‘uncertain’ Crude oil Business?

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By Hez Gikang’a  The big economic and financial news of 2016 is the complete rout of crude oil benchmark prices after prices hit an all-time decade low of…

We reset Business plan in 2015 to deal with market challenges—Tullow Oil

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Tullow Oil Plc says it was prompted to reset the business in order to deal with the effects of the uncertain market situations as it labored deliver on…

South Sudan seeks to renegotiate Crude Transportation Charge with Khartoum

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South Sudan has asked immediate neighbor Khartoum to lift the lease of crude oil transportation facilities and cost due to danger posted by current market prices. South Sudanese…

Kenyatta wants Plan to transport Crude Oil by road Finalized by end of January, Oil expected at Port by September 2016

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Kenya President Uhuru Kenyatta has given a ‘State House team’ until the end of January to work out on the logistics of transporting the crude oil from the…

Export Pipeline needed to enable Commercialization of Uganda and Kenya Oil—Expert

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With recoverable oil reserve estimates of approximately 750 MMbbl and 600 MMbbl in Uganda and Kenya, respectively, and with government share of the reserves expected to be about…