In Kenya, the Oil Transport and Management Agency on Monday revealed that the 122 km Nakuru-Kisumu pipeline which will boost the supply of oil to western Kenya and the entire East African region has concluded. The pipeline currently delivers 39 million litres of oil per day to the Kisumu depot, compared to the previous 12 million litres. According to the Communications Manager at the Agency,...

Tullow Oil has revealed that its Tweneboa, Enyenra and Ntomme (TEN) field project in Ghana, is now 90 % complete and its first oil is still on schedule for July and August 2016. The Floating production storage and offloading (FPSO) vessel, Professor John Atta Mills, for the project was received in Ghana on March 2, 2016, confirming its willingness to drill its first oil. According to the...

Sterling Energy plc has announced that it has concluded its withdrawal from the Ambilobe block, offshore Madagascar. The company had announced two weeks ago that it would exit the block, in order to concentrate on short-term income generating assets. Before Sterlings withdrawal, the company was the operator of the block with a 50% interest alongside Pura Vida also with 50%. Upon its departure,...

A series of attacks in the Niger Delta region of Nigeria, counting the recent attack on Chevron’s offshore facility by the newly established Niger Delta Avengers, are indications that the local economy might soon be crippled. These persistent attacks in the region have made Shell to withdraw most of its employees from the Eja OML 79 production facility where production has been postponed. 98...

“The government of the Republic of Kenya, having taken into consideration its national security interests, has decided that hosting of refugees has to come to an end,” senior official at Interior Ministry, Karanja Kibicho said. The move which implies the closing of the Kakuma and Dadaab refugee camps, concerns mainly Somali refugees. Nairobi wishes to repatriate them as soon as possible....

South Africa’s national household bank debt now represents 77.8% of disposal income, a recent report published by the South African Reserve Bank revealed. This situation, according to analysts, present no risk yet but threatens the country’s economic stability, as saving levels are low while interest rates and inflation are up. In fact, the country’s banking industry has started suffering...

HSBC Group is supposedly evaluating its operations in Algeria and could exit the country, in the framework of a strategy to reposition itself in more profitable markets, Bloomberg said citing sources close to operation who demanded not to be named. The group has not taken any decision yet and its management declined comment regarding the information. However, its CEO, Stuart Gulliver, maintains...

SDX Energy has announced that it has commenced a private placement to raise about $11 million to further operations in Meseda, Egypt. According to the company, for the time being a total of 42,201,835 new common shares of no value in its capital has been placed at an issue price of 18 pence per placement share with new and existing institutional investors, directors and senior...

Ghana National Gas Company (GNGC) has started receiving gas from the Floating production storage and offloading (FPSO) vessel, Kwame Nkrumah, after it was shut down three months ago. In spite of the recommencement of the FPSO, only 20 Mmscf of gas will be produced compared to the 120 Mmscf it produces before, City Business News reports. Gas production from this vessel is expected to increase to...

In Nigeria, Integrated Oil and Gas Limited has revealed that its 20,000 bpd modular refinery at Tomaro Island off the coast of Apapa port zone Lagos, will begin production in 2017. According to the Chief Executive Officer of Integrated Oil & Gas Limited, Emmanuel Iheanacho, every required measures are currently being taken to make sure that the refinery is delivered on schedule. He said...