Damage to South Sudan’s oil fields after more than two years of civil war will hamper plans to boost output, Petroleum Minister Dak Duop Bischok said. The government is currently assessing the extent of repairs that need to be made to production facilities in the northern Unity and Upper Nile states, Bischok said Thursday in
OPEC Report: Nigeria slumps in Oil Production, Angola Now New Africa Oil Producing giant
As the crash in crude continues to hit hard on the country’s economy, Angola is now the number one oil producing nation in Africa, taking over the position of Nigeria. In its latest monthly report, the Organisation of Petroleum Exporting Countries, OPEC, said Nigeria’s oil production fell by 67,000 barrels per day (bpd) in March. The
Uganda and Kenya Fail to agree on Pipeline route, Push discussions to two weeks
Talks between Uganda and Kenya over a crude Export pipeline have closed without the two sides reaching a conclusive agreement on the $4 billion deal. According to a joint press statement from Kenya Energy Ministry, the talks chaired by Uganda President Yoweri Museveni in Nairobi only ended at presentations and haggling from the technical Team
Uganda Receive Bids for first Competitive Oil Exploration Licencing Round from Seven Firms
Uganda has received seven bids for six oil exploration blocks offered in a licensing round and it plans to chose the winners and sign deals by the end of June, the Ministry of Energy and Mineral Development said . The firms that submitted bids are: Armour Energy Limited of Australia, WalterSmith Petroman Oil Limited of
Expert; How East Africa is paving way in the spotlight and changing Africa’s Oil map
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 & Gas Review. But East Africa is elbowing its way under the spotlight and changing Africa’s energy map – a move easily justified by its wealth of oil
South Sudan seeks to renegotiate Crude Transportation Charge with Khartoum
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 Foreign minister, Barnaba Marial Benjamin made the appeal in an interview with Ashrooq television in which he noted that the country’s proceeds from oil had narrowed due
Indecision on Export Pipeline is delaying Upstream Development for Uganda and Kenya Oil sector—Expert
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 and licenses acquired, primarily driven by mid-size independents and national oil companies. The first major discoveries were made in the Lake Albert area of Uganda by Tullow
Kenyatta wants Plan to transport Crude Oil by road Finalized by end of January, Oil expected at Port by September 2016
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 oil fields in the Turkana region to the sea-port according to latest Reports. A source quoted by The East African newspaper, said the team has been asked
Crude Oil price shocks the world, trades below $35 per barrel in New York
By agencies… Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply. Futures fell as much as 2.7 percent to $34.67 a barrel in New York, the lowest since Feb. 19, 2009.
Tullow announce Farm-down in Kenya, expects to make Final Investment Decision in Uganda in 2017
British-African Giant Tullow Oil Plc has expressed optimism about the status of its development projects in East Africa saying it’s nearing Final Investment Decision (FID) The revelations are contained in the Company’s November Trading update, which details the current project status and the business projection of the last quarter of the company’s Financial year. Tullow