Speculative media reports coming from Kenya say the country is in preparation to pump its Oil deposits from Lokichar valley to the International market in early 2016. According to Oil News Kenya, the nation’s leadership has reached significant discussions on the issue with the latest being using road transport means as the nation awaits the
Watchdog group ‘Global Witness’ Says Four African countries lost $4 billion in dubious Oil deals
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 oil dealings. The report which advocates for transparency in Extractives’ management highlights case studies from Nigeria, Angola, Congo Brazzaville and Democratic Republic of Congo, in which enormous
Tullow Oil suspends gas exports from Ghana’s Jubilee field over technical fault
Tullow oil plc has suspended gas exports from its major African field of Ghana following a persistent technical fault. The Jubilee field in Ghana is one of Tullow’s leading offshore projects from which its major capital investments are based. The company said the technical fault has also lowered its output since July 3, 2015 but