Kenyan banks get high ranking in global survey
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- Category: Oil & Gas
- Published on Saturday, 22 March 2014 05:26
- Written by Super User
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Despite encountering numerous service related problems with banks, Kenyan consumers are still confident in the local banking industry. A new report shows that while Kenyans have the highest incidence of problems reported when doing banking transactions, they remain confident in their banking industry. The Ernst & Young 2014 Global Consumer Survey showed that 55 per cent of Kenyans had within the past year experienced at least one problem with their banks.
EADB to Boost Oil and Gas Policy-Making in the Region
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- Category: Oil & Gas
- Published on Saturday, 22 March 2014 05:08
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Public sector lawyers involved in drafting of the extractives sector laws and policies in the region will next week undergo training to improve their negotiation and policy-making skills.
The training is aimed at assisting East African Community (EAC) countries to make extractive industry contracts and related policy to ensure they achieve tangible benefits from their natural resources, the East African Development Bank (EADB), which is hosting the training said in statement yesterday.
Read more: EADB to Boost Oil and Gas Policy-Making in the Region
BG Group encounters oil column at the Sunbird-1 well offshore Kenya
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- Category: Oil & Gas
- Published on Saturday, 22 March 2014 04:45
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JV partner Pancontinental Oil and Gas has provided an update regarding the Sunbird-1 exploration well in area L10A (Pancontinental 18.75%) offshore southern Kenya.
As advised in Pancontinental's ASX release on 6th January 2014, Pancontinental was not intending to provide any information concerning the progress of the drilling of the Sunbird-1 well until the well had been completed and it was in a position to provide information that was not considered speculative or incomplete. However, due to the news media reports over the weekend stating that the Sunbird-1 exploration well had discovered oil and natural gas, Pancontinental provides the following clarification:
Read more: BG Group encounters oil column at the Sunbird-1 well offshore Kenya
Africa Oil discovers two more large oil wells in northern Kenya
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- Category: Oil & Gas
- Published on Saturday, 22 March 2014 04:39
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Canadian oil and gas exploration firm, Africa Oil on Wednesday announced two additional oil discoveries in northern Kenya as search for commercial oil intensifies in the East African nation.
The company said that Amosing-1 and Ewoi-1 exploration wells in Block 10BB, onshore northern Kenya, have resulted in the discovery of two new large oil fields.
"These two wells continue the 100 percent success rate in the South Lokichar Basin with seven out of seven discoveries to date," it said in a statement released in Nairobi.
Kenya, still considered a "frontier exploration" field, by its lack of proven oil deposits except the Turkana find, has witnessed a series oil-based transactions.
Read more: Africa Oil discovers two more large oil wells in northern Kenya