Kenya: CFC Eyes Oil, Gas and Infrastracture Deals
- Details
- Category: Oil & Gas
- Published on Tuesday, 09 September 2014 09:33
- Written by Super User
- Hits: 1915
CFC Stanbic bank has ruled out partnering with local banks in scouting for deals in capital-intensive infrastructural projects including those in oil and gas exploration.
The financial services group, owned 60 per cent by Africa's largest lender Standard Bank Group of South Africa, said it has enough financial muscle from parent company and its partners including Industrial and Commercial Bank of China, the world's largest lender by assets.
Read more: Kenya: CFC Eyes Oil, Gas and Infrastracture Deals
British Companies Explore More Kenya Oil
- Details
- Category: Oil & Gas
- Published on Tuesday, 09 September 2014 09:25
- Written by Super User
- Hits: 2007
TOWER Resources, the British oil and gas exploration firm, expressed encouragement at progress made in its operation in Kenya.
The company is involved in a couple of wells in the East African country.
"(Tower is in) preparation for the drilling of the potentially play-opening Badada-1 well, Block 2B, Kenya, including the ordering of long-lead items.
Kenya plans oil jetty to cut import costs, handle crude exports
- Details
- Category: Oil & Gas
- Published on Tuesday, 09 September 2014 09:17
- Written by Super User
- Hits: 2008
State-run National Oil Corporation of Kenya (NOCK) is revamping plans for a new oil jetty in the port city of Mombasa so it can both cut the cost of imports and handle crude exports from east Africa.
Initial plans unveiled in 2012 for the oil jetty, or single buoy mooring, and storage facilities were pushed back to change the scope and design after oil was found in Kenya.
Read more: Kenya plans oil jetty to cut import costs, handle crude exports
Kenya to become oil producer by 2017
- Details
- Category: Oil & Gas
- Published on Monday, 21 July 2014 11:27
- Written by Super User
- Hits: 2106
Kenya is expected to join the league of oil producing countries in Sub Saharan Africa by 2017, going by the efforts of UK-listed Tullow Oil and partner, Australia’s Africa Oil Corporation to submit a field development plan (FDP) by 2015. Although the first oil discovery in Kenya was only made 2 years ago by the two oil companies in the North-west of Kenya;
a region called Turkana County, the oil explorers believe production can be started within the next three years.