Kenya oil news. News updates from Tullow.
Kenya oil news co. ke. A worker walks at a Tullow Oil explorational drilling site in Lokichar, Turkana County, Kenya, February 8, 2018. Innovation. Home "kenya oil news" Kenya oil manufacturing equipment. Be informed, empowered. This is through the government-to-government deal for fuel supply that Kenya is aiming to use to reduce its mounting forex shortage woes. Exhibition - East Africa Oil & Gas Summit 2023 - Nairobi, Kenya Overview interest facts about event Timing, exhibitors profile, entrance ticket Hotels near Add Event; Exhibition East Africa Oil & Gas Summit 2023 News UAE’s Oil Giant Launches $80-Billion Chemicals and Green Energy Firm. However, a proactive and comprehensive approach can help Latest Energy news and breaking stories on gas, oil, petrol, fuels, and climate change on Tuko News. 2 Kenya Macroeconomic and Demographic Outlook to 2028 1. Kenya Crude Oil News Monitoring. If you are the registered holder of this name and wish to renew it, please contact your registration service provider. 3. 1 Introduction to Kenya Oil and Gas Markets 1. com Find Us: 4th Floor, Piedmont Plaza, Ngong Road, Nairobi Kenya Tullow Oil plc, a global independent oil and gas exploration Kenya breaking news | Kenya news today | NAIROBI, Kenya, May 23 – Total and Africa Oil have quit Project Oil Kenya in Turkana County. Kenya’s poverty-stricken Turkana district dreams of oil wealth NAIROBI, May 24, 2023 – Africa Oil Corporation and French energy giant TotalEnergies have withdrawn from the South Lokichar project in Kenya, the Canadian E&P independent announced on Tuesday. Usage: Cooking Oil; Type: cooking Oil extraction machine; Production Capacity: 20 kg/batch; Dimension(L*W*H): 2030*720*1985mm; Weight: 700 KG; Core Components: Motor, Engine; Oil Keyword: oil extraction expeller machine; A worker walks at a Tullow Oil explorational drilling site in Lokichar, Turkana County, Kenya, February 8, 2018. In 2020, the Early Oil Pilot Scheme (EOPS) Global oil prices have hiked weeks after the Energy and Petroleum Regulatory Authority (EPRA) reduced fuel prices in its December 2024 – January 2025 review, a report by Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday. But it is a misleading reference, given the fact that the gazette notice used was issued by the President under Order Number 2 of 2022 to form the National Steering Committee on Drought Response. HIV AWARENESS. NAIROBI, Kenya, Mar 14 – Oil marketing companies are set to start paying for oil imports in shilling as Kenya transitions to a six-month tendering window. The deal will see the partners pass their 25% interest each in blocks 10BB, 13T and 10BA to operator Tullow Oil, which will take full ownership of the concessions. News updates from Tullow. ☛ Find the real stories and opinions on Tuko. The basin stretches from the Kenya-Somalia border to the boundary with Tanzania and the government was banking on its vastness to secure Kenya oil production wells. Kenya Economic Resilience Will Spur More Palm Oil Usage in the Future. kenya oil news. Recent industry deals and news in Kenya oil and gas market; This product will be delivered within 1-3 business days. Energy Cabinet Secretary (CS) Opiyo Wandayi revealed that Kenya's G2G oil deal will only end once the agreed volume of fuel in the Industry icon Eng. The exemption of crude palm oil duty by the Malaysian government this year also gives plenty of incentive to Kenya buyers to import more CPO. 7% after TotalEnergies SE and Africa Oil Corp. The 2009 Nakumatt supermarket fire occurred when a supermarket in downtown Nairobi, Kenya, caught fire on 28 January 2009. A view of Ngamia 1 oil rig in Lokichar,Turkana. Travel. Kenya Oil and Gas Industry Snapshot, 2020. 2 Kenya Macroeconomic and The Energy and Petroleum Regulatory Authority has announced new fuel prices of Petrol, Kerosene, and Diesel for the period between January 15 and February 14, 2025. a huge oil discovery has been made in the Cradle of Mankind in Africa. Telephone number: 0203222111, 0719012111 Tullow Oil plc (Tullow) announces that Tullow Kenya B. The government targets to demarcate and gazette up to five new oil exploration blocks for the auction of licences for oil and gas exploration. On behalf of the Government of Kenya, the World Bank hired Hunton & Williams, along with Hunton’s UK-based technical subcontractor Challenge Energy, to evaluate oil and gas legislation in Kenya, and to develop a modern and competitive legal, regulatory, and fiscal framework for Kenya based on international and regional best practices. 24 billion (US$10 million) in Project Oil Kenya appraisal engagements focusing on fine-tuning the Field Development Plan (FDP) and related local Tullow Oil has singled out Kenya oil project as one of its key areas in production growth for 2024, as it expects to deliver $800 million in revenue. Wed, 15 Jan 2025 - 7:56 pm by Joe Macharia. Published on 14:31 GMT. The Supreme Court of the United States (SCOTUS) on Monday refused to hear the appeals of multiple oil companies which alleged that a negligence lawsuit against them violates the US Constitution’s separation of powers and federal common law. According to officials, the incident took place at the In June 2018 Kenya launched a pilot scheme to transport some 2,000 barrels of oil per day from Turkana to the port city of Mombasa by road . we have been the go-to source for independent news and analysis of the Kenya will have to wait till 2024 before reaping any benefits from its Turkana oil project, according to an announcement made by Tullow Oil. 1 Kenyan Politicians Who Lost Big in 2024. The rig was initially owned by Tullow and Africa Oil Corp/ FILE . Kenya, Thursday, Mar. . Earlier, TUKO. An icon of a Recent industry deals and news in Kenya oil and gas market; Contents 1. 15 Jan TV 47: Wiper party demands for Ruto resignation. MSN The Celsius Riga tanker carrying Kenya-produced crude oil, sits docked during a ceremony at the Kipevu oil terminal at the port in Mombasa, Kenya, Aug. An icon of a desk calendar. Breaking news delivered live. RESPONDENT. Latest news headlines from Kenya, Africa and around the world. “The good news is that it matches South Lokichar oil will be sent to Lamu port on Kenya’s coast via a new 824-kilometre, 80,000 barrels per day pipeline. The country had hoped to hoped to go commercial by 2024, six years after the early oil pilot project saw the exportation of 200,000 barrels of crude oil to test the market. Latest News. ke — Trustworthy Kenyan news portal Opiyo Wandayi revealed that Kenya's G2G Dublin, July 27, 2021 (GLOBE NEWSWIRE) -- The "The Petroleum Industry in Kenya 2021" report has been added to ResearchAndMarkets. Latest world news from the energy sector. KRA wrongly used a notice in the Kenya Gazette of November 21, 2022, to give a nod to its officials to clear the imported oil. Kenya has reinstated a small subsidy to stabilise retail fuel prices for the next 30 days, the energy regulator said late on Monday, in a reversal of government policy following public anger over Kenya extends G2G oil deal to 2025. This domain name has expired. Our news analysis covers Fossil fuels, alternative energy and environmental developments. Newsletters. [1] However the locking of the doors on TotalEnergies and Africa Oil have decided to withdraw from the 10BB, 13T, and 10BA blocks in Kenya’s South Lokichar Basin. Details revealed by the Kenya Bureau of Standard showed that imported edible oils already in the market have failed the quality test. Last year, Tullow’s contingent resource in Kenya doubled to 470mmstb, with Tullow now holding 100% of the licence and a Field Development Plan (FDP) under discussion with the government. News Aug 15 Register to continue reading this premium Trinity Energy Kenya | 1,609 followers on LinkedIn. 29, Ksh2 and Ksh3 respectively. Audio. 4 billion Lokichar oil project that was recently submitted for approval a few weeks ago. Current exploration, development and production interests. MOLO, Kenya (Reuters) An oil spill from a crashed truck burst into flames in Kenya on Saturday, killing at least 50 people who had crowded around in search of free fuel, officials said. Engineer Obath has wide experience in management at the [Benjamin Sakwa, Standard] Kenya’s push for clean energy and biogas adoption aims to Video: Kenyans scramble for free Fuel after tanker overturns on Eldoret-Webuye H Wednesday, January 15, 2025 - A US-based African woman, Princess Ada, has advised women to not let themselves be bullied into marrying poor Trusted News Since 1995 A service for energy industry professionals · Thursday, January 9, 2025 · 775,494,869 Articles · 3+ Million Readers Tullow assets in Kenya cover blocks 10BB, 13T, and 10BA in the South Lokichar Basin and is operated by Tullow Kenya BV. Kenya has granted Uganda's state oil firm, UNOC (Uganda National Oil Company), permission to import petroleum NAIROBI, Kenya, Jan 16—Rwanda now says that its oil and gas exploration in Lake Kivu has shown a promising potential for hydrocarbon resources in the area. Hundreds of anti-tax protesters have entered Kenya’s Parliament and part of the building is on After months of dispute and legal contention, Uganda and Kenya have finally reached a significant agreement that promises to reshape their energy relations after inking a new oil deal. With a legacy of 50 years of dedication and progress, KPC looks forward to a promising future as a leading player in Kenya's energy landscape. 26, 2019. Tags: KPLC - Kenya Power and . The trade pact with Kenya builds on a strong economic relationship. Citizen Digital - Get the latest breaking news in Kenya, county news, world news, elections news, Kenya politics, business, sports, entertainment, Exclusive Videos from Kenya. In 2012, the Ngamia-1 exploration well was a success and has since been followed by further exploration in the South Lokichar Basin. In the results, Tullow reiterated the delivery of its plan, which is achieving targeted results and a much-improved business. The newly Commissioned LPG Cylinder for Jamhuri High School. More Africa News; subscribe now Log in Legal battle. Tullow Oil plc, the independent energy Company building a better future through responsible oil and gas development in Africa, has announced its Full-Year Results for the year ended 31 December 2023. The global independent oil and gas exploration and production firm said it plans to invest KSh 1. We are building Africa's leading integrated energy player committed to providing energy access for millions of Africans. That the applicant be granted leave to file this application out of time. It is extremely important to ensure that financial resources arising from oil extraction benefit local people. Sport. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. In March 2023, Tullow Kenya BV Kenya extends G2G oil deal to 2025. We publish news and views ranging from vigorous opponents of Eni secured $210 million in financing from the Italian government and the World Bank to grow its production of mainly oilseed-based biofuels in Kenya. Patrick Obath was appointed by H. KARIUKI T/A MORAN AUCTIONEERS. 10 gallons of oil per capita every day (based on the 2016 population of 48,139,687 people), or 36 gallons per capita per year (1 barrels). Kenya's hopes of commercial oil production remains alive after Tullow singled out Kenya Oil & Gas News ••• Topics • Kenya Media Directory. Culture. ; Kenya consumes 0. Uncover Kenya's boldest stories: Politics, business, sports, and more. 2 million (Sh589 million) will be Purma's profit, excluding taxes Oil has been discovered in Kenya after exploratory drilling by Anglo-Irish firm Tullow Oil, President Mwai Kibaki has said. Reserved for subscribers. Get by Email • RSS. Twenty-nine remains were located in the rubble of the destroyed Nakumatt supermarket, with police investigating a tip that security guards locked exit doors in an effort to prevent looting. The discovery could cause an oil boom in East Africa This was owing to the fact that the deal could potentially displace local oil marketing businesses from utilizing the pipes, as seen in The Citizen, a Tanzanian news publication. KENYA OIL AND GAS INDUSTRY SNAPSHOT, 2020 1. A great rift valley that contains million-year old human remains. Cases of collapsed buildings have been on the rise in Kenya, with the government being blamed for its failure to act. Video. Tullow Oil is now hoping the government will make a timely decision on the Turkana As of Tuesday, December 31, 2024, oil production over the last 24 hours recorded an increase of over 17,000 barrels, bringing the total to 1,417,382 barrels of crude oil, surpassing the set target of 1,400,000 barrels. Click here to connect with us on WhatsApp The system, a departure from the prevailing 1-month settlement system, is part of a government-to-government deal seeking to ease pressure on [] NAIROBI,Kenya Sep 19-Shocking revelations have shown that Kenyans might be consuming substandard cooking oil across the country. Africa oil and gas news, featuring updates on South Africa, West Africa, East Africa oil and gas, plus African oil and gas companies and exploration. Read live updates about Politics, Business, Sports, Technology, Entertainment and more. British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs. Its head office is in Nairobi, Kenya. NAIROBI, Kenya, Apr 12 – The Energy and Petroleum Regulatory Authority (EPRA) says it will reduce import allocation for oil marketing companies who will be found to have increased their exports to regional markets in the past four weeks, subjecting Kenyans to a shortage of the commodity. This is the latest report in a series of events United Oil & Gas CEO Outlines Vision for the Congo’s Oil & Gas Growth SOUTH AFRICA: Sasol Reports Fire at the Natref refinery will Disrupt Supply of Jet fuel, ULP93 and diesel EGYPT: Gas Find at Nefertari-1 Exploration Well – Reports ZIMBABWE: Invictus Energy Receives Special Grant 4571 Licence for further 3 year term kenya news | jan 07 2025 Jan 07 2025 | 42 views | 0 comments On the first day of Grade 9 under the competency-based curriculum (CBC), over one million learners Formerly known as Kenya Oil Company Limited (Kenol), the company was founded in 1959 as a wholesaler of packaged Kerosene and later invested in service stations. With biofuel, Kenya Petroleum Refineries Limited (KPRL) will have a chance to remain relevant amid an uptick in fuel prices and a growing shift to renewable energy. Africa Kenya’s President William Ruto has canceled multimillion-dollar energy and airport expansion deals with Indian industrial conglomerate Adani Group shortly after Gautam Adani, founder and This live page is now closed. Live. News; Gallery; FAQ; Resources; Search; Menu Menu; LinkedIn; E&P companies came together to set up an organisation that could represent and advance the interests of the upstream Oil and Gas Industry. 6 billion ($10 million), pointing to a sustained interest in the project that has dragged on for years since the News; Gallery; FAQ; Resources; Search; Menu Menu; LinkedIn; E&P companies came together to set up an organisation that could represent and advance the interests of the upstream Oil and Gas Industry. 3 Kenya Proven Reserves, 2009- 2019 1. Please send me business news and updates for Asia! If Unoc finds it easier importing via Tanzania, it means Uganda could look away from Kenya in a significant shift, and hurt Kenya’s revenues. Picture taken February 8, 2018. The conflict arose when Nairobi The two developments are the closest that major stakeholders in Kenya’s oil project have come to question the volume of the country’s oil reserves, which Tullow and Africa Oil discovered in 2012. Home; About Us; Our Members; Career; FAQ; Address. KPA head of procurement Yobesh Oyaro confirmed the news and said that Denmark-based Niras will supervise on the Tullow Oil Plc and Africa Oil acquired additional 2D seismic in the region and in 2012 drilled Ngamia-1 well, the first oil discovery in the basin encountering over 100m net oil pay zones. The National Oil Corporation of Kenya (Nock) is technically insolvent and its survival depends on financial support from the government, bankers, and its creditors. Quick Links. 15 Jan KBC: Food security ; People Daily » Matiang’i visits vote-rich Mt Kenya region in move seen as political foray Kenya region. Kenya's hopes of commercial oil production remains alive after Tullow singled out the country's oil project as one of its key growth areas. 41 billion) worth of its Kenyan assets on the uncertainty over their sale to a strategic investor and commercial exploitation of the Turkana oil deposits. Weather. Kenya first announced Kenya first discovered oil in Turkana in March 2012, with the country's prospects of becoming an oil producer and exporter going high. O. Standard Group Plc HQ Office, The Standard Group Center,Mombasa Road. That Kenya’s new-found treasure was set to trigger a major scramble and shape Kenya’s relations with world powers was evident in the way the respected UK newspaper, The Daily Telegraph, reported about the discovery: “A British company has announced it has struck oil in Kenya for the first time, beating rivals including China in the race to strike crude”. 2 8 Journalists Who Switched Media Houses in 2024. The two lawsuits, one led by Sunoco and one led by Shell, assert that the Supreme Court of Hawaii overstepped the KENYA OIL COMPANY LIMITED. Posted on :Friday , 5th April 2024 . The Nairobi skyline. Kenya: Questions emerge as government changes oil import rules By William Ruto’s administration has altered oil importation processes in Kenya by turning to a In conclusion, the oil crisis in Kenya presents a formidable challenge with widespread implications for the economy, society, and environment. National Oil Corporation of Kenya Limited (NOC) is a wholly owned (100%) State Corporation incorporated in April 1981 under the Companies Act, Cap 486 of the Laws of Kenya (now repealed and replaced by NAIROBI, Kenya Mar 7 — Tullow Oil plc, the independent energy Company building a better future through responsible oil and gas development in Africa, has announced its Full-Year Results for the year ended 31 December 2023. 2 million (Sh2. The Exchange Africa is a news publication by Mediapix Limited. As Kenya pursues a cleaner energy path to a 100 percent climate-friendly grid, the country plans to either retire or convert heavy fuel oil-fired power plants to use liquefied natural gas (LNG) by As Kenya Pipeline Company marks its golden jubilee, it remains a cornerstone of Kenya's energy sector, committed to ensuring energy security, economic growth, and innovation in the country. 5 billion). Posted on October 30, 2023 14:24 KPRL petroleum storage Kenya's Kwanza government embarked on an ambitious project in October 2023 to promote the growth of sunflowers in the country to reduce the cost of importing edible oils and lower the price of cooking oil in the country. Kenyans could be consuming substandard cooking oil that was released into the market despite failing to meet Kenya Bureau of Standards (Kebs) quality standards. Since these discoveries, upstream oil development in Kenya has significantly increased. Earth. For decades, Kenya has imported oil and sold it on to its East African neighbours - but its role as the main gateway for supplying fuel to the region is now at risk. Email: amos. Kenya currently has no oil or gas production since the early oil pilot scheme in Blocks 13T and 10BB contracts expired in 2020. Read more. 9 million as at end of last year) as expenses grew for the firm on its complete takeover of the Turkana oil project. Bilateral non-oil trade between the two nations reached US$3. P. 1 Kenya, Proven Crude Oil Reserves, 2009- 2019 SupplyCor is a company incorporated by oil marketing companies in Kenya to ensure security in the supply of fuel in East Africa. The shares rose as much as 2. Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday. However, the outlook for Kenya’s oil and gas industry has promise as the first phase of the country’s oil development has already seen its first exports from an early production scheme which successfully produced over 320,000 barrels of Valerie Akoko, a digital content creator, records a video for TikTok at her house in Tatu city, a startup city that tries to tackle Africa's problem of urbanizing, in Nairobi, Kenya, Friday, Oct Tullow Oil Plc reversed earlier losses in London trading after assuming full control of a project in Kenya. 1 percent increase from the same period in 2023. , as operator of its licences in Kenya, has been informed by its two minority partners of their intention to issue notices of withdrawal from Blocks 10BB, 13T and 10BA Also Read: Museveni in Kenya to strengthen economic ties, explore new opportunities The agreement follows months of a dispute between Kenya and Uganda over oil transportation. Oil & Energy Services Limited, Nairobi Pinetree Plaza, Nairobi Garage, Kaburu Drive, Nairobi P. 15 January - Business Insider » Nigeria's crude oil revenue reaches N50. The scheme was designed to greatly alleviate the demanding Kenya’s oil transportation and increase the port’s oil handling and storage capacity, which is of great significance in stimulating Kenya’s economic development. This means that Ms Wambui's Purma Holdings will sell oil worth $18. Martin Mbogo, the Managing Director of British-owned Tullow Oil Kenya, said it would take four years at the very least to reach the commercial production stage where Kenya could start seeing the estimated NAIROBI, Nov 27 (Reuters) - Kenya will start its privatization drive by offering stakes in 11 companies including the state oil pipeline, the finance ministry said on Monday. 88tn amid price oscillations. 03 billion in the financial year to June 2021, up from Sh3. Following the release on 6 March 2024 of Tullow Oil Plc’s (“the Company”) preliminary full year results announcement for the year ended 31 December 2023 (the "Preliminary Announcement"), the Company announces it has published its Annual Report and Accounts for this period (the "Annual Report "). A revised field development plan (FDP) for the project in 2021, which increased the size of the crude oil processing facility in Turkana and the size of the pipeline to evacuate the product to Lamu, shows the firm requires capital in excess of Sh377 billion up from the previous estimates of about Sh319 billion. Box 5225 - 00506, Nairobi, Kenya Oil and Energy Services Limited was formed in 2011 with an objective of raising the participation of Eastern Africa people and entrepreneurs in the Oil and Gas industry. Tue, 14 Jan 2025 - 7:50 pm by Christine Opanda. Opportunity to realise value from discovered resources. Table of Contents. Sees production plateau hitting 120,000 b/d Revised plan 'technically, commercially and environmentally robust' Actively seeking strategic partners before embarking on FID Africa focused Tullow Oil an The Full-Year Results statement and presentation show that Kenya remains a material option to drive value and growth for the Company. Kenya Oil & Gas Association P. The Star brings you breaking news, developing stories, politics, entertainment, lifestyle, sports and much more from Kenya and around the world, throughout the day. Box 73248 - 00200 , Nairobi, Kenya Kenya grants UNOC permission to import petroleum products through Mombasa. ke reported that the government-to-government (G2G) oil import deal between Kenyan and three international oil-producing Gulf nations' companies was to end in December 2024 However, President William Ruto's Cabinet extended the G2G oil deal for the second time, which will run through to 2025. This ruling is in respect to the application dated 11 th June 2019 in which the applicant herein, Kenya Oil Company Limited, seeks the following orders: 1. A series of 2D and 3D seismic acquisition programs have been carried out to date with over 40 exploration and appraisal wells drilled opening up the Lokichar Kenya’s government is evaluating the final field development plan (FDP) for Tullow Oil’s $3. The Rwanda Mines,Petroleum, and Gas Board (RMB) said in a statement Wednesday that a 2D seismic survey conducted between 2021 and 2022 identified significant prospects for oil and gas in In 2015, Uganda abandoned the proposed Uganda-Kenya crude oil export pipeline joint venture that was to run from Lake Albert, through Turkana to a new Lamu port, and instead pump their oil via Tullow Oil Plc’s delayed project to export oil from discoveries in Kenya by pipeline to the coast could be a solution for South Sudan to transport its own crude, according to the company’s Nairobi Office Contact: Sam +254733897666, Tel/ Whatsapp: +254724684368 Email: sales@oilnewskenya. 3 3 Dead in Accident Involving Matatu & Motorcycle. 1 billion in the first nine months of 2024, a 29. ke shares breaking news and the latest news from Kenya, Africa and World today and now. 1% of the world's total consumption of 97,103,871 barrels per day. 85 billion barrels oil reservoir remains inaccessible for commercial exploitation due to limitations in extraction technology. 9 million (Sh2. The deal, signed on Friday, May CANCO is among the very few pioneer civil society in Kenya who since 2009 even before the 2012 oil discoveries in Turkana were announced, been involved in and pioneered oil and gas community and stakeholder engagement and advocacy. It is a regional oil and gas Tullow Oil Plc may shut down operations in northern Kenya in two weeks unless persistent issues with local residents, which threaten progress of the project, are resolved. RULING. EPRA in its monthly review report released on Tuesday, January 14, announced that the prices of Super Petrol, Diesel, and Kerosene (IK) increased by Ksh0. More Africa News; Kenya oil refinery eyes biofuel production to revive KPRL By Herald Aloo. However, those opportunities brought along immense challenges that critically need to be addressed. Photo credit: Shutterstock By Businesswoman Kenya’s petrodollars dream will take longer to materialise as Tullow Oil plans to make its first commercial export of oil in 2028, marking the latest delay in the project. ke reported that the government-to-government (G2G) oil import deal between Kenyan and three international oil Significant oil discoveries progressing to development in Kenya. To promote sustainable exploitation and management of oil and gas in Kenya. The discovery was made in the country's north-western Turkana region. Kenya is one of the fastest-growing economies in Sub-Saharan Africa, averaging more than 5 % of GDP growth over the last decade. Auditor-General Nancy Gathungu, in a report to Parliament, said the state corporation’s losses increased to Sh4. Today, Kenolkobil Limited is Kenya’s leading indigenous oil marketing company with operations in Burundi, Ethiopia, Rwanda, Uganda and Zambia. In a letter copied to the Petroleum and Mining [] The UAE's Abu Dhabi National Oil Company (ADNOC) and Emirates National Oil Company were among three Gulf firms Ruto's government picked in 2023 to supply Kenya with oil on longer credit terms, in Abu Dhabi National Oil Company (ADNOC), Saudi Aramco and Emirates National Oil Company (ENOC) have won the tender to supply Kenya with petrol, diesel, and kerosene for 270 days beginning in April. REVIVAL AND COMMERCIALIZATION OF NOC AND CREATION OF SUBSIDIARIES. Share Activists Want Details on Kenya consumes 114,000 barrels per day (B/d) of oil as of the year 2016. It all came to a head Kenyans to pay KSh 2. Like in other parts of the world, inflation in Kenya has accelerated, mainly due to the knock-on effects of a jump in crude oil prices. Still in the Energy sector, the government-to-government (G2G) oil import deal between Kenyan and three international oil-producing Gulf nations' companies was to end in December 2024. The country aims to double its oil production to 500,000 barrels per day (bpd) by 2027 while monetizing its natural gas resources. Check out today’s most recent and up-to-date news coverage, videos and photos at Nation. Kenya has signed deals with UAE's ADNOC and Saudi Aramco for the supply of petroleum products with a six months credit period, its energy minister said on Monday, a move designed to curb demand The United Arab Emirates signed trade agreements with Malaysia, Kenya and New Zealand on Tuesday, the final step before the deals can be ratified and implemented, as part of efforts by the Gulf [1/4] A Kenyan police officer stands guard as the oil tanker Celsius Riga prepares to sail off with over 200,000 barrels of Kenya's first oil export, from the port of Mombasa, Kenya August 26, 2019. News. It stood at around 5 percent at the start of 2022. Latest news headlines and features from Kenya, Africa and around the world. V. Our new live page has all the latest news, updates and analysis. Tullow Oil plans to retain its annual spending on Kenya’s oil project at Sh1. Kenya's strategy to reduce fuel costs and promote clean energy. Get world news, sport news, business news, entertainment, lifestyle, video and photos. UAE-Kenya CEPA: Boosting non-oil trade. The next phase of the East Africa Electric Highway Project – a regional infrastructure initiative connecting Ethiopia, Kenya and Tanzania – has begun trial operations. ; Kenya ranks 75th in the world for oil consumption, accounting for about 0. Click here to connect with us on WhatsApp Tullow Oil plc, a global independent oil and gas exploration and production firm, will now fully acquire As Kenya strode into the 21st Century, she faced fresh opportunities brought about by renewed oil exploration, with promising outcomes. Uganda kicked off plans for the direct imports deal through Unoc months after Kenya announced an agreement with the Gulf majors - Saudi Aramco, Abu Dhabi National Oil Corporation, and Emirates The Multi-National Oil and Gas exploration company located in Turkana county, which ventured into Oil exploration in Kenya in 2012, says the Commercial viability extraction phase will see Kenya extract and export a minimum of 120,000 barrels of crude oil to both regional and global refineries. | We are building Africa's leading integrated energy player committed to providing energy access for millions of Africans. E President Uhuru Kenyatta to lead a new-look National Oil Corporation of Kenya Board in October 2021. Box 73248 - 00200 , Nairobi, Kenya Tuesday January 14, 2025 - Aramco signed 145 deals totaling about $9 billion as part of the oil giant's In-Kingdom Total Value Add program President and CEO of Unite Oil & Gas discusses efforts by the Republic of Congo to revitalize its oil and gas industry. O Box 30080-00100,Nairobi, Kenya. 15 Jan TV 47: 🔴 LIVE | TV47 News Now At 4PM. For Mr Njogu, Uganda's move is a needed wake-up call for Kenya's oil import industry Red Sky was granted access to a data room by the Angolan National Agency for Oil, Gas and Biofuels (ANPG) during the direct negotiation process. Kenya plans to retire or convert heavy fuel oil-fired power plants to use liquefied natural gas by 2030 as the nation pursues a cleaner energy path to a 100% climate-friendly grid. Documents before the House show importer misdeclared the palm oil. In 2020, the Early Oil Pilot Scheme (EOPS) successfully completed two years A view of Ngamia 1 oil rig in Lokichar,Turkana. Disruptions in the remote Turkana region have already halted the shipments of a pilot program to test early production and deliver oil from Lokichar to the port of Mombasa about The procurement method saw Kenya enter a bilateral agreement with oil-producing countries in the Gulf for the supply of oil on credit to help stabilise fuel prices in the country. More than 80 percent of Kenya’s estimated 2. Kiraitu takes over as National Oil The 12,500 tonnes of cooking oil equates to about 702,000 jerrycans. UoN Students Give Govt Ultimatum Over HELB Delays Tullow Oil’s challenging multibillion-dollar South Lokichar project in Kenya has become just that bit more complex after TotalEnergies and Africa Oil decided to quit the oilfield development. Previously worked at Kenya News Agency and Kivumbi. 06 MOMBASA, Kenya, Dec 26 - Experts and police are investigating an explosion that occurred inside an oil ship docked near the African Marine Terminal in Liwatoni, Likoni. Business. Reuters, the news and media The National Oil Corporation of Kenya is a fully integrated State Corporation involved in all aspects of the petroleum supply chain covering the upstream oil and gas exploration, Latest News. Arts. News / December 18, 2024 . In addition, Oil has been discovered in Kenya after exploratory drilling by Anglo-Irish firm Tullow Oil, President Mwai Kibaki has said. Popular News. 1. The isolated project in Kenya’s remote Turkana County has been on the backburner for years as the current stakeholders — Tullow, Africa Oil and TotalEnergies — grappled with the economics of British oil explorer Tullow paid the Kenyan government $3,690,000 (Sh577. 15, 2018. As a result of its review of the materials in that data room, the Company estimates that there is significant potential for oil to be found in Block 6/24. TUKO. The milestone follows the completion of the first phase of the project – ENI had been mapping for deposits of oil and gas in the Lamu Basin since April last year despite the border row with Somalia over the coastal strip that spans 100,000 square-kilometres. Photo by REUTERS/Joseph Okanga. Kenya’s nascent oil and gas industry faces several environmental management challenges. Tullow Oil rebounded with a first-half profit on Wednesday and announced a development plan for its Kenya project, sending shares in the Africa-focused firm as much as 9% higher. Tullow Oil Plc has reiterated its commitment to scale up the development of Project Oil Kenya in 2023. by AGO on September 14, 2023 with 4 Comments. Of this, $4. Juma Rashid a student at Bungoma National Polytechnic at the schools electric lab. APPLICANT VERSUS. The 11 firms are among more than 35 companies that are slated for sale to partially help the government raise revenue in the face of growing debt repayments. Through a purely African lens, we provide features The petroleum industry in Kenya is relatively new in terms of mining and exploration. khaemba@tuko. British firm Tullow Oil began operations in Kenya in 2010 after signing agreements with Africa Oil and Centric Energy, purchasing a 50% interest in five onshore licences. With a capacity of 2,000 MW, this subsequent phase features a transmission line connecting Kenya and Tanzania. Tullow Oil said that its subsidiary, Tullow Kenya, which is the This week, three petitioners, Royani Energy Ltd, Acacia Ridge Construction, and Charles Kombo, jointly with John Kinuthia Mwangi, filed a petition at the High Court to stop the Kenyan energy regulator, the Energy and Petroleum Regulatory Authority (Epra), from giving Uganda National Oil Company (Unoc) a licence to import oil through Kenya. com's offering. exited the Kenya extends G2G oil deal to 2025. 7 more per litre of petrol, diesel as govt extends oil deal with Gulf nations. The Exchange provides economic news and analysis on doing business in Africa. Watch Citizen TV and Listen to all Radio stations and Podcasts on the go. British oil explorer Tullow has written off $17. JOVAN H. O. Kampala has imported most of its oil via the port of Mombasa, with 90 percent of that picked up through the Kenya Pipeline depots in western Kenya. This report focuses on Kenya's petroleum industry Tullow Oil facility at Ngamia 8 in Lokichar, Turkana County, on February 18, 2020. The combined production of oil and condensates reached 1,469,446 barrels. idgk jhkpgph yoebxk pegs nmzm lydktg csbozdp acqfiu hbz qix